Logistics and infrastructure are crucial for economic growth. In the past decade, the logistics sector has undergone significant transformation, particularly with the emergence of e-commerce, resulting in consumer-facing innovations and developments. In the face of intense competition and the opening of global markets, building and positioning a logistics brand becomes essential.
Technological advancements, such as last-mile delivery, reverse logistics, food supply chain, cold supply chain, and warehousing, have revolutionized the logistics sector. Previously an unorganized industry controlled by local players, logistics has now become organized. The industry received “infrastructure” status in 2017, enabling it to grow exponentially. The establishment of dedicated logistics parks and government support further fueled the sector’s growth.
The Union Budget 2020 emphasized various innovations crucial for the logistics industry’s development. The rise of e-commerce, e-grocery stores, and e-pharmacies has redefined retail, food, and pharma supply chains, respectively. To make sense of these rapid changes and gain a first-mover’s advantage, some logistics companies are turning to public relations (PR), while others are hesitant. Here are six reasons why logistic companies should invest in PR:
- Create a narrative for category building: Although logistics is a traditional business, it is currently undergoing significant changes. Innovations like third-party logistics, reverse logistics, last-mile delivery, food supply chain, cold supply chain, and warehousing have emerged. Category building is necessary to spread the word about these innovations to end-users and other stakeholders.
- Visibility among stakeholders: As the demand for logistics and specialized supply chain marketing increases, the number of companies in this sector also rises. To stay ahead and ensure top-of-mind recall among stakeholders, companies must rely on PR to build a strong narrative that enhances visibility and raises awareness about their products and services.
- Highlight specialization: Logistics encompasses various services, making it challenging for companies to differentiate themselves from competitors and effectively communicate their offerings to consumers. This is where PR becomes instrumental. By spreading awareness and creating a leadership position, brands can emphasize their specialized services, such as customized warehousing for pharmaceuticals.
- Build trust and credibility: PR helps logistics companies establish trust and credibility among stakeholders. By effectively communicating their values, expertise, and commitment to quality, companies can gain the confidence of customers, suppliers, and partners.
- Crisis management: In a volatile and dynamic industry like logistics, unexpected problems can arise. PR plays a crucial role in handling crises and managing reputation. By having a well-prepared crisis management plan and effective communication strategies, logistics companies can minimize the impact of negative events on their brand and quickly bounce back.
- Recruitment and talent retention: A strong PR strategy can enhance a company’s image, making it an attractive employer for top talent. By effectively communicating the company’s values, culture, and growth opportunities, logistics companies can attract and retain skilled professionals, ensuring their long-term success.
In conclusion, investing in PR is critical for logistics companies to navigate the evolving landscape successfully. By creating a narrative for category building, increasing visibility, highlighting specialization, building trust, managing crises, and attracting talent, companies can position themselves for future growth and success in this rapidly transforming industry.