Digital technologies are disrupting the logistics and supply chain industry and have become crucial for the established firms to embrace the change. Modern technologies, including access to real-time freight rates and choice of transportation, is a game-changer. The efficient execution of the supply chain can enhance the protection of freights for last-mile delivery. Digitization of logistics workflows can significantly increase operational efficiency, competitiveness, and visibility on asset management.
Emerging Technologies in Logistics & Their Potential Impact
Internet of Things (IoT)
Minimize security problems like theft and counterfeiting
Real-time visibility
Accurate monitoring of workflow and resources
New opportunities by analyzing buying patterns and behaviour
Saves time and costs
Managing resources for lowering losses
Automation
Improved organizational control
Reduce costly errors
Improved customer service
Increased speed and scalability
Real-time freight rates and choice of transport
Access to real-time freight traffic data
Blockchain
Easily monitor performance history
Improved quality assurance
Reduced operational costs
Detect fraud and prevent theft
The clarity in high-value asset management
Optimal data security with decentralization
Robotics
Increased automation level by 100%
Increased efficiency and productivity
Improved safety for employees who work in hazardous environments
Reduce risk rates, errors and re-work
Allows employees to focus on more strategic tasks that can’t be automated
Improved accuracy and speed of standard operations
Big Data analytics
End-to-end visibility for planning and scheduling
Increased efficiency in last-mile delivery
Protection of perishable goods
Efficient real-time execution of the supply chain
Improved demand planning and order optimization
Efficient inventory management and replenishment planning
Digital Transformation in Logistics: Transporting Change
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