Trending technologies like Blockchain, IoT and Artificial Intelligence offer numerous advantages for logistics, transportation, and freight management.
Keeping up with common trends in technology can help the businesses in mitigating risks and uncovering opportunities without affecting generic operations. New technologies can also help businesses improve security, reduce costs, and increase speeds. We are about to discuss some recent technological trends in the logistics industry that have enhanced the impact of transportation, freight management, logistics and supply chain:
(PS: The features, functionality, and benefits discussed herein are extensible, and can be coalesced with each other to enhance output)
Digital twins: It helps warehouse management, supply chain visibility, and transportation planning
Augmented reality (AR): It helps managers get critical information about their fleet, such as contents, weight, and destination
Machine learning: It helps plan delivery and logistics by detecting patterns and finding valuable insights in data
Transportation management systems (TMS): It helps logistics managers save time by streamlining processes and providing real-time analytics
Warehouse automation: It helps identify labor errors by automating inventory tracking systems to track inventory in real-time.
Automation and robotics: Warehouse automation can increase efficiency and speed by reducing human interaction. Automated guided vehicles, robotic pick-up, and automated storage and recovery eliminate percentage of error. Companies are experimenting with automated trucking, including driverless trucks that mimic the driving patterns of a human-driven truck.
Artificial intelligence (AI) and machine learning (ML): AI-based forecasting helps managers plan supply chain processes and reduce inventory waste. It optimizes route planning and load consolidation, which reduces fuel consumption and carbon emissions. AI-driven chatbots and virtual assistants can improve customer service and streamline communication.
Autonomous vehicles: Major car manufacturers are already developing this technology, which could have a huge impact on the logistics industry.
Green logistics: Green logistics reduces transportation costs, air pollution, and access tax reductions and green subsidies.
Last Mile Delivery: Faster and reliable deliveries can improve customer satisfaction. Last mile delivery tags same day and instant deliveries, zero emission transport modes, and drones if regulatory hurdles and safety concerns are handled on time.
Real-time visibility: Stakeholders will expect up-to-date tracking across global networks. Supply chain leaders uses unified data platforms to integrate information from IoT sensors, logistics providers, and ERPs.
Data management: Organizations follow an iterative approach to data management to refine their data strategies, adjust to changing circumstances, and learn from experience.
Low-code apps: Organizations use low-code apps to build agile, resilient, and predictable supply chains.
Humanoid robots: Next-generation humanoid robots performs productive work that was previously done by biological humans.
Other trends in transportation, freight management, supply chain, and logistics to watch out for:
Tech Trends in Blockchain Development Companies
Blockchain (smart contracts) improve supply chain transparency and security. This speeds up the process, reduces chances of errors, and detects fraud. It also resolves conflicts through immutable data and automation. All this eventually speeds up the process preventing unauthorized transactions. Blockchain is being used to optimize the billing processes at a large scale, and facilitate supply across international borders.
How do Tech Trends Blockchain Development Companies look like?
Some large Blockchain Development Companies like DHL implement Blockchain to facilitate spare parts supply, e-commerce, and customs clearance. Maersk uses blockchain to gain visibility and control over cargo movement across international borders. Chronicled uses Blockchain enabled IoT devices to give logistics companies’ insights into environmental conditions and transfer of custody processes. Koopman uses blockchain to ship cars around the world, which reduces paper supply, speeds up the payment process, and makes shipping more secure.
How do Artificial intelligence development companies help logistics and transportation industry?
Artificial intelligence (AI) is helping logistics and supply chains in predicting demand up to 12 weeks in advance, which helps with inventory management and resource allocation. Applications: GPS sensors installed at traffic crossings, weather forecast, etc. This enhances driver safety, reduces fuel costs, and improves turnaround delivery time.
AI enabled robots (1) navigate warehouses, (2) pick and pack orders, and (3) perform other tasks with precision and efficiency. AI sorts and segregates packages for damage, faults, and categories. Artificial Intelligence powered vehicles (autonomous) find the best routes to destinations and reduce package damage. They can examine data on workplace safety and alert manufacturers to potential dangers.
Conclusive
Technological advancements like AI-driven analytics, machine learning, and data-driven insights are expected to improve operational efficiency, route optimization, demand prediction, and resource allocation. Overall, the trends discussed so far are helpful in:
- improving worker and material safety
- process timely deliveries
- improving supply chain sustainability
- reducing shipping time
- improving storage efficiency
- improving warehouse efficiency
- reducing operating costs
- preventing errors
- reducing waste
- Managing inventory
- Optimizing operations through simulations
