The industry that we are researching involves Packing and Crating, NAICS code 488991. Within the Packing and Crating industry, our focus is primarily geared toward the moving industry. This industry has been around for years, yet there still is great room for innovation. Nonetheless, it continues to generate significant profits. My research has led me to three trends within this industry, and we will explore them further. The three trends are competition, technology, and operating costs. These trends were chosen because of their significance to the future of the moving industry. The possibility of these three trends merging further into the current moving industry, leaves great opportunity for ingenuity, in an industry currently using conventional sales and operation methods. This paper will explain in greater …show more content…
Reputable business sources such as the Business Services Sector Profile believe that service providers across multiple modes of passenger and freight transportation, stand to benefit from growing investments in intelligent transportation systems (ITS) technology. Global spending on ITS will experience compound annual growth of 7.9% between 2016 and 2022, reaching $72.3 billion, according to a report released by BIS Research in March 2017 (Business Services Sector Industry Profile, 2017.) This growth is something that will surely impact the moving industry being that it relies so heavily on transportation. The utilization of intelligent transportation systems technologies will ensure that traveling is safer and more efficient for movers and their customers. Customers utilizing moving services want more efficient assistance and quicker reliable movers. With the utilization of new technology tracking and GPS systems, customers can go as far as even tracking where their movers are in real time, and finding out how soon their movers will arrive. This gives customers an enhanced experience that can aid in providing more sales and trust amongst potential