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https://www.wsj.com/articles/deutsche-post-dhl-targets-2-2-billion-in-tech-upgrades-11569965203
Deutsche Post DHL Group plans to invest $2.2 billion on digital initiatives through 2025 as the global logistics company looks to e-commerce to drive growth across its business lines.
The new steps include stepping up use of warehouse automation and robotics, applying data analytics to optimize routes and improving volume forecasting and developing technologies for use across the company’s business lines,” the company said Tuesday.
The German operator’s move comes as big freight transportation and logistics providers are pouring millions of dollars into technology, driven in part by digital-focused startups that are trying to siphon away business with technology targeting the shipping world.
Deutsche Post’s DHL provides express delivery, freight forwarding and supply-chain services including warehousing and online fulfillment in more than 220 countries. The company also provides post and parcel delivery in Germany. DHL’s supply chain and global forwarding divisions together comprised the top global third-party logistics provider in 2018 by gross revenue, according to research firm Armstrong & Associates.
Technology is transforming the logistics industry, from visibility software that tracks the movement of goods through the supply chain to the proliferation of online marketplaces that use algorithms to connect truckers with shippers looking to move freight.
Write to Jennifer Smith at [email protected]