With a global contribution of more than $5 trillion, logistics industry is indeed a huge market and it’s growing with time. It’s amazing how one sector transformed ecommerce, fashion, manufacture and high-tech the way we know and see it. Now that old procedure has shifted to meet demands of the modern internet age, executives and logisticians likewise understand the collaboration of transformation tech and its impact on the logistics industry.
Data-driven software makes machine operations more efficient is referred to as automation which further provides many different solutions for the cargo industry. From loading unloading to packaging, labelling and streamlining warehouse sorting system, ‘automation’ is one answer to all.
Some of the most advanced ports in the world are keen to adopt new technology this taking their automation potential to the fullest. These fully-automated container terminals programme cranes and other equipment to unload cargo thus increases production, better up handling performance and safety, reduces labour load.
It has been estimated that automation would increase overall port activity and efficiency by 30%.
Unlike automation, robots can perform multiple tasks all at once which makes them a must have when it comes to smart and futuristic logistics solutions. The applications are virtually endless and that’s true specifically to the ecommerce operations which require a much greater level of speed and efficiency to meet imminent growth of online sales. For others to remain competitive and thrive in the industry, robots are a must incorporation especially in shipping industry.
- Wearable Tech
Most likely to become a standard in the logistics industry, ‘wearable tech’ has come a long way since its inception a few years back. In fact a pilot project test using wearable tech in the logistics industry resulted increase in speed, reduced human biasness and more efficient order pick-up process. Smart glasses like Google Glass improved efficiency by 25% as well as boosted employee/user satisfaction.
- Autonomous Vehicles
If there’s one thing logistics companies are good at is being recognised as early adopters of autonomous vehicle technologies, thanks to controllable testing environment and low regulations which give way to affordable warehouses and dockyards. Logistics companies thus deploy autonomous forklifts to driverless, smaller plant vehicles. While it is predicted that self-driving passenger cars would take years to become commonplace however, the coming of semi-driven trucks on the highway might just kick off soon enough.
- Cloud Computing
Cloud powered applications are capable to offer above the average efficiency and flexibility options for the cargo industry. Some of highly advanced companies take logistics solutions to a new level by providing a complete online dashboard to overcome the traditional non-digitised and obscured operations when it comes to global shipping accessibility. Smart tech process significantly reduces transaction cost, increase transparency, leads to more customer satisfaction and flexible crowd-sourced delivery options.
- The Internet of Things
When physical items are connected and managed by internet-enabled devices and likewise system, it’s ‘Internet of Things’ at work. Today, the logistics industry is known to use IoT in most diversified way. From humidity sensors to temperature controllers and supply-chain quality control, IoT tech can easily detect when a consignment has been tampered with.
Cisco has reported that by 2020, above 50-billion objects would be linked to the internet which would further raise growing opportunities for the logistics industry by approximately $1.9 trillion; rather a stark comparison as compared to the present five-billion objects already connected.
Whether you see the above technologies in combination or their solo potential, it’s obvious these are game changers for almost any industry operating on a global scale such as logistics. We’ll probably see optimisation throughout supply chain unlike anything previously experienced all the way from development to warehousing, safe delivery so on. And as true impact of these emerging innovation is yet to be seen, one thing’s clear is that the companies and locations are at the forefront of this shift and likely to reap the greatest benefits thy far.