A QR code for logistics is a smart and efficient tool for tracking parcels, shipments, packages, and assets throughout the supply chain for smoother product flow.
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.
Below are eleven use cases on how to effectively use QR codes to your advantage.
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.
According to the Wall Street Journal, in the US alone, the transport of items through trucks and trains increased by approximately 23%.
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.