Ranging from unmanned mobile robots for warehouse management to drone deliveries; the supply chain sector is is in the midst of a revolution. Mobile robots, feature-rich wearables, and machine learning approaches are changing the way we track supplies.
Beyond these incredible technological advancements, IoT is showing promise for better courier and transportation operations. The efficiencies provided by the use of automation and artificial intelligence are providing promising solutions to logistics operators around the globe and impacting supply chain business in 2020.
Expert predictions about logistics sector n 2020:
Experts in the logistics sector are making several predictions regarding advancements in 2020. Below we have listed a few such developments to help you develop a clearer understanding of technology-driven logistics:
1. Autonomous fleet for higher efficiency:
Drones have proven to be one of the best advancements for the logistics sector. The concept was fired up when Amazon announced its last-mile deliveries via drone. Although drone-based deliveries have not yet become ‘frequent’, such deliveries are set to increase over the coming years.
Beyond this, the logistics sector is showing more interest in autonomous fleet vehicles that are loaded with visually guided robots, which can process orders faster than the average human.
2. The potential of big data changing scenario:
The power of big data is significantly shifting the global supply chain with the creative use of information. Big companies in this arena are now making an effort to capture user data to better understand target audience behaviours.
In this way, operators find it easier to manage inventories while regulating supplies on time. Amazon is currently making it possible to ship products before receiving customer orders because the real-time big data analysis provides great insights to enhance operations.
3. Less asset-centric approach:
The new version of logistics operations is following a less-asset or non-asset centric approach. Logistic operators are now able to manage asset information more adequately while leveraging data from the market. This new strategy is also important to ensure cost-competitive solutions while dealing with the huge pressure of global demand.
4. E-brokerage platforms:
As most businesses around the world are benefitting from the digitization of systems, logistics is no exception. It is now possible to manage brokerage using online software tools. One can even make bookings via mobile and ensure timely management of supplies and deliveries.
The uberization of trucks for delivery is a common example of this e-brokerage talent. Moreover, these automated systems make it much easier to monitor dispatch, status, driver payments, and load-finding as well.
5. Blockchain and smart commerce:
The advancements in the blockchain and the rising potential of the internet have opened new opportunities for the logistics sector. Peer to peer models are exhibiting huge potential with innovative channels for logistics applications.
Software-based solutions are now making it possible to maintain B2B connectivity while clearly defining the terms and conditions. The impact of blockchain in the logistics sector can lead to huge profit maximization in the coming future.
6. Mobile apps serving logistics:
In 2020, the logistics sector is experiencing great advancements in terms of mobile technology. It is now possible to use RFID tags with third-party logistics companies to ensure easy tracking of items. At the same time, the processing of shipments can be maintained 24×7 by establishing a close connection with buyers. People can stay informed about their orders on the go like never before.
7. Dedicated third-party systems:
Advanced logistics systems are now making it possible to boost ROI. By building stronger connections with third-party service providers, it becomes easier to reduce the cost of service while also reducing management related pressures. Sophisticated 3pl software takes the business of logistics to a whole new level with easy management of inventory and delivery to boot.
8. Globalization of economy:
In 2020, 3pl is expected to expand global logistics operations, by opening new distribution opportunities to places that have in the past been otherwise inaccessible. The technology influenced growth is promising dramatic expansion in the global market with standardization of management.
9. Increased visibility of manufacturers into the market:
The continuous advancements and new age inventory management solutions are boosting visibility for manufacturers and shippers. These holistic approaches make it possible to boost collaborations between different management experts. It is also possible to enhance the availability of raw materials while ensuring the advanced handling of sales channels.
10. Warehouse management software:
One of the most amazing advancements in this sector is warehouse management software. It is now possible to maintain easy tracking of all products and goods in the warehouse. Management teams can handle all data using their smartphones and desktop-based software tools as well. These enhanced management capabilities make it possible to lower the overheads as well as build stronger connections between various companies and consumers.
With such advancements in the logistics sector, it is now easier to enhance the scope of logistics and supply chain industries. The latest technologies are making it easier to ensure efficient deliveries to end consumers. It is now possible to bridge the gap between order processing while maintaining payments on the go.
The best part is that these technologies are proven helpful in all transportation sectors, including marine, air and roadways. These fully autonomous systems are making it easier to deal with the rising challenges logistics operators face due to surging global demands.