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Ten innovations of 2020 "global logistics and supply chain development trends"

Views: 0     Author: Site Editor     Publish Time: 2022-07-28      Origin: Site

The trend of the logistics industry depends on the major changes caused by the implementation of technology driven innovation in business processes. The next generation of logistics management solutions are moving towards making the global supply chain more customer-centric and sustainable. The automation of logistics process greatly improves the productivity and efficiency of workflow. Improving the transparency and traceability of the supply chain is essential to maintain flexible and dynamic relationships among various stakeholders. The logistics industry is accelerating the adoption of innovative ways and technologies to address existing and novel challenges and propose new use cases.


Next, there are ten innovations that need to be paid attention to in the future of global logistics

1. Internet of things

The Internet of things is the connection of physical devices, which can monitor and transmit data through the Internet without manual intervention. The Internet of things in logistics can improve the visibility of all links of the supply chain and improve the efficiency of inventory management. Integrating IOT technology into the logistics and supply chain industry can improve efficiency, transparency, real-time visibility of goods, condition monitoring and fleet management.

2. Artificial intelligence

AI algorithm combined with machine learning can help companies actively respond to demand fluctuations. For example, AI based forecasting solutions enable managers to plan supply chain processes and find ways to reduce operating costs. Self driving AI and intelligent road technology are developing in the positive direction of service delivery automation. In addition, AI based cognitive automation technology brings intelligence, which can automatically perform management tasks and accelerate information intensive operations.

3. Robot technology

Integrating robotics into logistics can improve the speed and accuracy of supply chain processes and reduce human errors. Compared with human beings, robots can prolong normal operation time and improve productivity. However, robots do not undertake human work, but work together with them to improve efficiency. In addition, software robots perform repetitive, mechanized tasks, saving workers time.

4. Delivery of the last mile

The last step of the supply chain from the warehouse or distribution center to the customer is usually inefficient and accounts for a major part of the total cost of goods transportation. Last mile delivery is the most important part of logistics, because it is directly related to customer satisfaction. However, the delivery of the last mile faces various problems, including delays due to traffic congestion, customer nuances, government regulations and delivery density.

5. Warehouse automation

Warehouse automation improves efficiency, speed and productivity by reducing manual intervention. Picking technologies such as automated guided vehicle (AGV), robotic picking, automatic storage and retrieval (ASRS) and wall picking can reduce error rates and improve warehouse productivity. Warehouses need to combine efficient automation technology to control their operating logistics costs.

6. Blockchain

Blockchain provides security through the irrefutable decentralized ledger system, and solves the urgent traceability and related challenges. This brings transaction transparency to the whole logistics process. In addition, smart contracts based on blockchain technology can speed up approval and approval by reducing the processing time of checkpoints.

7. Big data and data analysis

Data analysis provides feasible insights for improving warehouse productivity, performance management and the best use of logistics resources. Data obtained from monitoring location and weather as well as fleet schedules help optimize routes and delivery plans. Market data analysis supports further optimizing supplier prices, inventory levels, and generating risk management reports. In addition, advanced analysis provides insights that help identify anomalies and predictive maintenance solutions.

8. Cloud computing

Cloud based SaaS solutions for logistics companies allow pay as you go models, which require little capital investment. This can minimize the risk and cost of maintaining the IT infrastructure. Cloud based logistics solutions also address communication barriers and allow companies to collaborate and share data in a secure manner. In addition, cloud integration allows data to be collected from management systems to analyze the entire logistics process. Finally, logistics integrated with the cloud provides general accessibility and is not limited to any physical space.

9. Autonomous vehicle

By eliminating human errors in driving, autonomous vehicle can improve vehicle safety and safely transport goods. They are designed to work around the clock, thereby improving the efficiency of first mile and last mile deliveries. In addition, driverless vehicles improve fuel efficiency by using loading and unloading planning technology for long-distance routes, reduce traffic congestion, and optimize driving routes by using AI enhancement technology.

10. Flexible logistics

Flexible logistics enables companies to handle supply chain operations more efficiently during demand fluctuations. According to market demand, it helps to expand or narrow supply chain operations on demand. Flexible logistics thus solves the challenges faced by supply chain companies, including insufficient utilization of ships, storage restrictions and excessive inventory.

This research on 10 trends in the logistics industry outlines the areas of innovation, which is the surface of what we found in our analysis. Logistics as a service, cloud logistics, digital identifier and additive manufacturing are all areas that will have a significant impact on logistics companies in one or more ways. Finding new opportunities and emerging technologies that can be implemented in your business as soon as possible has a long way to go to gain competitive advantage and become an industry leader.

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