Technology is evolving globally and changing the landscape in the logistics industry. Each component of the physical logistics movement is now characterized by digital transformation during each step of the make to delivery model. The continuous growth of competition has created a lasting impact on where the industry is heading. More collaboration is needed by all players in the supply chain. The process is becoming even more transparent and these are some of the areas that will be crucial in the coming year:
Real-Time Visibility:
Customer are demanding real-time visibility and the industry has responded by deploying new innovations and network collaboration that are delivering on the promise today. Visibility will start to impact many related areas of the supply chain such as inventory, demand, supply, yard, and warehousing. In addition, visibility will propel sustainability in the supply chain. Sensors and other innovative tools will continue to move the industry ahead.
Artificial Intelligence:
Artificial intelligence is revamping operational processes and facilitating cost-effective supply chain solutions. Leading companies that are leveraging AI in their supply chains are lowering costs and reducing risks. In the future, predictive machine learning will increase speed, efficiency, and cost at the same time. AI promises new levels of insight, actionable intelligence, and automation that just aren’t possible by conventional technologies or people.
Digital Twin:
A digital twin is a virtual model of the physical supply chain that includes a digital counterpart to every piece of the process. Here is an example of how this terminology can be applied to supply chain planning systems. Through deploying big data solutions that allow companies to hit their service level targets while holding less inventory and using fewer human and physical resources. This twin is a model of the business or a function developed virtually that stays ahead of reality. It signifies the efficient routes, problems and planning. With a digital twin of supply chain processes, companies can simulate, predict, and gain insight into every level of logistics execution.
Eco-Friendly Logistics:
Climate change is one of the largest topics of discussion around the world. With the risk of global warming and its business impact, the world of logistics has a role to play in this cause. Individual businesses can initiate the recycling of materials. The use of energy-efficient lighting and digital processes are small steps that everyone can implement. Re-usable packaging and procurement processes should be planned as part of a company’s logistics processes. Look to implement energy efficient equipment and upgrade the insulation of your warehouse. When designing your warehousing, incorporate solar panels and build up instead of expanding your footprint. These efforts will contribute to the cause and perhaps influence customer satisfaction.
Visit Orderlylogistics to explore the many options available to move your products: FTL, LTL, Ocean, Air Freight, Parcel, Expedited, Same Day. We will help you save time and money during this critical time.
