Digital transformations in logistics operations: challenges and enables in fast moving consumer goods (FMCG) sector in Bangladesh

Abstract

Over the last few decades, Bangladesh has seen substantial changes in organizational structures, techniques, and technologies for managing company and supply chain logistics. This is mostly due to the business digitalization paradigm, as well as the adoption of new technology-based solutions. Companies operating in Bangladesh, as well as local organizations, have prioritized overall system automations and logistics upgrades, such as large-scale automation of corporate information systems. They have also become participants in electronic trading platforms and e-commerce services, forming virtual clones. The notion of logistics transformations is based on the ability to create a unified information field for the supply chain and provide quality information to decision-makers. It is a critical aspect in optimizing resources and expenses. Bangladesh's logistics and SCM business is still in its early phases of development, with many group firms, multinationals, and joint ventures in Bangladesh only now beginning to investigate logistics outsourcing and provisioning opportunities. As a result, digitization issues are not of paramount importance. The project intends to develop many hypotheses that will be tested by comparing the findings of a market analysis of applied transformations, information and communication technologies, and infrastructural solutions. The completed research contributes to the identification of the requirements and general patterns of the logistics industry's qualitative development. The most practical impact in logistics has been observed in the first moving consumer sector. Since the mid-twentieth century, scientists have discussed the transition of information into the most important productive force and resource influencing company performance (P. Drucker, Alan Toffler, and others). This tendency has also been observed in the logistics business. In traditional logistics and SCM, the major object of research is material flow, which is used to create a system of optimal 7R management, 7 fatal waste management, and agile, lean concepts and standards. However, as the industry developed, it became possible to consider the value creation information chain. Considering all the limitations and challenges, the present study aims to exploring the insight of the Logistics operations, transformations and challenges in Bangladesh. So as to determine the gap study in research, process improvements, logistics frame works, AI implementations will be the key success factors for the sustainable logistics management process, so that ensure of future strategy on logistics process for Bangladesh FMCG sectors will be able to prospect nationally as well globally.