Top 5 Future Trends that Will Fundamentally Change Logistics
Speed is the main driving force that will determine the direction of the industry in the next few years. Customers want things to be shipped quickly, and this stimulates many t
ransformations in the supply chain: from packaging and labelling to transportation and transportation of goods to the warehouse.
According to the Logistics – Global Opportunity Analysis and Industry Forecast Report, 2014-2022, the industry will reach $ 12,256 billion by 2022. And here are 5 key trends that will allow logistics companies to increase their profits in international transportation:
The high mobility and speed of cargo transfer provided by the global transport network have a price – annually a huge amount of harmful greenhouse gases is released into the atmosphere.
Electric cars, artificial intelligence-based software that calculates routes with minimal emissions, resource-saving packaging, marine fuel without carbon emissions – these innovative technologies will help minimize the environmental impact of logistics.
Blockchain will provide logistics companies with uninterrupted work in a digital network. The technology will allow manufacturers, suppliers, customers, auditors, warehouse managers and other industry participants to create a transparent and efficient system for recording transactions, tracking assets and managing all related documents. This will affect all processes – from warehousing to transportation of goods.
Security of the supply chain will increase, any fraudulent schemes will be minimized due to complete transparency, and paperwork will reduce the risk of errors.
Logistics Automation and the Internet of Things (IoT)
These methods are transforming the global supply chain market. The Internet of Things communicates between devices connected by small sensors of various types.
It is designed to eliminate transportation delays, operator errors, loss of cargo control, software failures and theft. The next generation of successful supply chain management is expected to use IoT and peripheral computing to receive automated real-time data.
For example, to predict equipment failures and reduce the risk of collapse using visual and acoustic sensors during maritime shipping.
The Introduction of Chatbots and Collaborative Robots (Cobots)
Robots become more intelligent and quickly learn based on the data obtained, which allows them to be used to more efficiently build the supply chain.
Soon, voice chatbots will be used to interact with participants in the logistics process and perform certain actions when purchasing, picking goods and at other stages. Cobots will be needed for the efficient implementation of services for processing shipping orders. They are equipped with a long-range and visibility system, and can quickly unload trucks, move boxes and pallets.
Thus, Amazon is developing logistics robots to perform a variety of functions in warehouses, including packaging, storage and order assembly.
Goods or services cannot exactly match their computer models since the simulation does not take into account that the structural parts are worn out and replaced, and the owners change them as they need. However, the technology of “digital twins” has changed this. Now the physical and digital worlds can be combined into one, which allows you to interact with the digital model of a physical object, as well as with its physical counterpart.
The potential use cases for digital twins in logistics are huge. In the international transportation sector, digital twins can collect data about the product and its packaging, use it to identify flaws, errors and improve subsequent operations.
Warehouses and enterprises can use the “digital twins” to create accurate three-dimensional models of their centres and experiment with layout changes or the introduction of new equipment. And shipping network – to provide information in real-time, improve transportation times and help autonomous vehicles on their routes.
The above-mentioned innovations “Top 5 Future Trends that Will Fundamentally Change Logistics” will not only simplify the organization and control of the entire cargo delivery chain but will also minimize financial losses, both on the customer’s side and the contractor’s side.
You might be also interested in warehouse logistics and project logistics.