Every entrepreneur dreams of the day become successful and eventually take a vacation in the Caribbean. However, there is a catch. There are so many logistics business ideas in the world that entrepreneurs have to choose which one to start out with. So, if you have just set your sights on becoming an entrepreneur this year and are looking for the best way to start a small business, then read on!
What is Logistics ?
Logistics refers to the activities of moving goods from one location to another. The term is used in business, military, and transportation. In business, it is the process of getting goods from the manufacturer or supplier to the end user. The word logistics is also used to describe a company that provides logistic services to companies.
There are three major ways to transport goods in the logistics industry: by air, sea or, land. In the first case, the goods are flown from one location to another with the aid of aircrafts while in the second case they are shipped by boats and vessels. Logistics are done on the land by the usage of trucks and trains.
List of Best Logistics Business Ideas
1. Cargo delivery through self-driving trucks
Trucks are an integral part of the logistics industry. In fact, they account for the largest part of road cargo and traffic in many countries. Trucks have gotten their fair share of criticism due to their contribution to pollution and the consequences that this pollution has on the environment.
However, one of the more innovative things that you can do with a truck is self-driving trucks. Self-driving trucks have been tested in countries like the USA and Japan for safety and could be used for different purposes such as cargo delivery and distribution. This form of transportation could alleviate the need for drivers thereby sharply reducing traffic accidents and increasing productivity.
2. Cargo delivery through drones
Drones are an emerging industry. In fact, drone flights became the first commercial cargo flight during the 2014 FIFA World Cup. Drones have been used for other purposes like land survey, data collection, photography, and aerial topography. When it comes to logistics in particular, their primary role is delivering cargo from point A to point B. There are a few drones on the market that can carry as much as 5 kg of weight each. They use GPS to navigate and can fly for one hour at a time. These drones are more expensive than trucks but they can save time and money.
3. Freight-forwarding software
Many companies find it difficult to track their goods while they are shipped. This is because of the large number of documents that need to be kept and the different carriers that ship the goods. Freight-forwarding software provides a solution in this regard. It helps the company keep track of the goods using GPS. It also allows the company to know where the goods are and how long it will take for the goods to arrive at its destination.
4. Cargo delivery through smart containers
Containers are used in the shipping industry to transport and keep goods safe. A container has a locking mechanism that ensures the safe transport of factory equipment and large shipments. However, cargo thieves are aware of the locking mechanism and are able to crack the code in most cases. Smart containers use encrypted software that cannot be hacked by criminals. The smart containers also have sensors that allow the company to track their movement and give advice when necessary.
5. Content Delivery
Logistics companies have to deal with a large amount of paper documents from their clients. They must read through these documents, especially when they have to deal with things such as insurance claims and order tracking. This is one of the best logistics business ideas because the documents can also be uploaded digitally. This way, they can be scanned and sent over the internet.
6. Patient transportation
The healthcare industry is one of the largest industries in the world. It is also one of the highest demand industries in many countries. Countries like Canada, Australia, and Denmark have a shortage of doctors. This is why they rely on other countries to fill their staffing needs. In the US, there are so many healthcare businesses that rely on other countries to provide enough doctors.
Companies that provide patient transportation need to have a network of hospitals and other healthcare providers. They must also have a fleet of vehicles that are able to transport the patients from one point to another within the shortest amount of time.
7. Mobile app developer for logistics services
With the advent of technology, people have started to depend more on mobile apps. Many companies have already tried their hand in the area of mobile apps. However, this is a great opportunity for anyone who wants to start one of the best logistics business ideas from scratch.
8. Bulk-shipping brokerage
The transfer of goods by water is one of the most important parts of the logistics industry. The shipping market continues to grow and many companies are taking advantage of the opportunities in this sector. Individuals and companies can take advantage of bulk-shipping brokerage.
In this case, the goods are processed into different types of boxes. These boxes are then shipped to a warehouse where they are reviewed and then shipped to another location.
9. Perishable-goods storage and delivery
Logistics firms must be able to store any type of goods including perishable items. Perishable items need special care in order to be stored properly so they don’t spoil. These companies have the responsibility for storing and transporting these items. They must also ensure that the goods are shipped to their final destination in a timely manner.
10. Robotics distribution center
The robotics industry is one of the high-growth industries in the logistics industry. Many companies are starting to use robotics in their day-to-day operation. The robots can be used to process and package items. They can also be used to move the goods from one location to another. There are several benefits to robotics in the logistics industry.
The robots can work 24 hours a day and are able to work on a daily basis without requiring any breaks or rest. The robots can perform all of the required tasks in a timely manner and are much more cost-effective than human workers in the logistics industry.
11. Virtual freight forwarder
The freight forwarding industry is not known for its success. This is because it has a high degree of competition and has been around for a while. However, it continues to grow year after year in the US and other countries as well. In many countries, the freight forwarding industry only has six percent of the market.
12. Green logistics
Green logistics is one of the most important areas that interests many companies on a global level. This is because they are always interested in finding ways to reduce pollution and cut back on their carbon footprint.
13. Air cargo delivery
Air cargo is one of the most important parts of the logistics industry. In fact, the air cargo industry has grown over the past few years more than any other industry. It is also one of the most profitable industries for logistics companies to invest in. Many people and companies believe that this is why it continues to grow.
14. Trucking brokerage
Trucking brokerage is one of the most important parts of the freight industry. There are many drivers that are interested in working for a good trucking brokerage companies. However, there are many things to consider when trying to establish a successful trucking brokerage company.
15. Export-import shipping
The export-import shipping industry is one of the important elements of the logistics industry in any country. Companies must be able to import and export goods between countries. Some companies are able to export their products while others prefer to import their parts, machinery, and raw materials.
However, the demand for export-import shipping will continue to grow with the expansion of the global economy. This is why many companies are interested in becoming a part of the export-import shipping industry.
16. Peer-to-peer delivery services
Peer-to-peer delivery services have become one of the best logistics business ideas over the past few years. This is because people want to work from the comfort of their own homes.
These companies are interested in allowing individuals to package and deliver packages to their desired locations. All they have to do is choose the delivery service that best suits their needs and complete the required tasks.
17. Emergency medical services
Emergency medical services is one of the logistics industries that many companies are interested in taking advantage of. Many people and companies believe that it is a great way for them to make money. This is because they are always looking for ways to earn extra income.
18. Airfreight forwarding
Airfreight forwarding is a very important part of the air cargo industry. In fact, it is one of the key industries that individuals and companies must be able to take advantage of. The air freight forwarding industry is one that continues to grow year after year.
19. Cargo brokering
Cargo brokering is one of the most important parts of the air cargo industry. This is because cargo companies must be able to purchase and ship small and large items to any location that the customer desires. Cargo companies are able to purchase the items from the manufacturers at a reasonable price and then ship them to their customers.
20. Automated shipping
Automated shipping is one of the newest trends that continues to grow in the logistics industry. All of the items that are being shipped need to be scanned so they can be tracked. In the past, this job was performed by humans and took a lot of time and energy. However, as technology improves, logistics companies have been able to come up with automated shipping.
21. Reverse logistics
Reverse logistics is one of the parts of the logistics industry that many companies are interested in. They want to find a way to recycle old and used items and then sell them on the market. It can be quite profitable to recycle old products and sell them on the market.
22. Second Hand inventory
Secondhand inventory is considered to be an important part of the logistics industry in the US. This is because there are many individuals and companies that are always interested in finding ways to recycle old items and then sell them on the market.
23. Asset management
Asset management is a very important part of the logistics industry. This is because it involves organizations that are interested in finding ways to manage their warehouses and storage facilities. It also involves companies that are able to sell and store all of their inventory without a problem.
24. Freight consolidation
Freight consolidation is one of the most important parts of the freight industry. Freight companies must be able to consolidate their orders and then ship them to different locations all over the world. Some companies are able to ship their commodities to different locations in one shipment.
25. 3PL management
3PL management is an important part of the logistics industry. This is because it involves organizations that are interested in finding ways to manage their warehouses and storage facilities. It also involves companies that are able to sell and store all of their inventory without a problem.
26. Marketing consulting
27. Online shopping
28. Full truckload shipping
29. Intermodal transport
30. Transportation management consulting & solutions
31. Truckload brokerage
32. Food freight forwarding
33. Nearshoring & Global sourcing outsourcing
34. Motor freight forwarding
35. Third party logistics outsourcing
36. Buy-sell-hold management & consulting
37. Business-to-Business Freight forwarding & logistics services
38. International transportation logistics
39. Warehousing & transportation management
40. Customs brokerage
41. Logistics supply chain consulting & advisory services
42. Logistics software implementation services
43. Transportation network services (TNS)
44. International trade coaching and consultancy services
45. Third party logistics outsourcing
46. Warehouse management & warehouse supply chain services
47. International trade consulting services
48. Inventory management and supply chain management
49. Supply chain consulting
50. Transportation management consulting & solutions
Now that you have reviewed all of the best logistics business ideas, it is time to figure out which of these areas are best suited to your company’s needs. With the help of independent professionals, you will be able to choose which logistics industry is right for you and your company. The business ideas listed above are all excellent choices. In fact, many of them have been around for a long time. It is important to remember that the logistics industry can be very profitable if you are interested in running your own business in the sector.