Online shopping has become the new norm, resulting in more freight on the road. An estimated 2.14 billion people worldwide bought goods online in 2021, and global e-commerce sales were around $4.89 trillion. E-commerce sales worldwide are expected to grow to $6.4 trillion by 2024.
This has resulted in pressure on freight transportation companies and logistics service providers due to spikes in e-commerce volume and the vast amounts of data associated with it. Global supply chains were required to shorten planning cycles from weeks to hours, which required faster IT workloads and quicker access to data.
