A QR code for logistics provides many advantages for logistics companies and end-users, such as parcel tracking and smooth deliveries.
With this unassuming but powerful digital tool, logistics service providers (LSPs) can guarantee that their customers receive their purchased products in good condition.
Businesses today can surely benefit from QR code technology as it ensures security, customer satisfaction, and product quality from the storage facility to the consumers’ hands.
The impact of COVID-19 on the logistics industry
The logistics industry badly suffered when COVID-19 spread like wildfire across the world.
Thomson Reuters reported that the total shareholder returns for leading worldwide LSPs dropped to -15% in the first three months of 2020
Government-imposed lockdowns, health measures, and travel restrictions made it hard for employees to get to work. Also, most refused to work due to the fear of contracting the virus.
There were no couriers and handlers to move and keep an eye on shipments. While some LSPs continued operations, companies hardly availed of their services because of extremely high prices.
In the US alone, transport of items through trucks and trains increased by approximately 23%, according to Wall Street Journal.
But with the increasing number of vaccinated individuals globally, more countries have started lifting these restrictions. As borders began reopening, the logistics sector slowly recovered.