Top 7 Technology Trends: Game Changers Of Logistics

Nowadays, advancements in technology are not only propelling but also altering the way that individuals prefer to conduct their business. In today’s computerized world, everyone has the desire to have everything at their fingertips and available online. Technology is bringing revolutions in every walk of life, and logistics is no different. With the increase in the level of connectivity and widespread utilization of social media platforms, the companies’ focus & strength to meet the demands of consumers is also increasing simultaneously.

Do you have the curiosity to know the leading technology trends that contribute to transforming logistics and its management? Keep reading to know the influencing technologies like AI, VR, AR, IoT, Blockchain, and more…………..

1. Cloud logistics

According to a study by Logistik Heute, “70% of companies  will use cloud computing in the near future.”Half of the logistics providers are utilizing cloud-based services because they-

• Offer flexibility
• Provide real-time access to operations software & critical intelligence

2. Internet of Things

As per the report of Deloitte,”  the global smart sensor market is growing at a 19% annual rate.”IoT is more than merely a cost cutter because it boosts-

• Operational efficiency
• Optimise usage
• Strengthen operational security
• Make supply chains more self-monitoring and self-maintaining.

3. Blockchain

It’s the decentralized technology with the potential to revolutionize the logistics industry as it can-

•   Remove multiple layers of complexity
•  Use  secure, transparent transactional links
•  Take the paperwork out of bills
•  Reduce delays
•  Cut fraud
•  Slash costs across supply chains
•  Offer safe interconnectivity
•  Increase payment speeds
•  Bring a greater degree of transparency

4. AI

‘The future will be characterized by smart devices delivering increasingly insightful digital services everywhere.’

–David Cearley, a Distinguished Vice President Analyst & Gartner Fellow in Gartner Research

AI is a predictive tool that can-

• Handle accounting tasks
• Streamline highly-efficient logistics procedures
• Identify forthcoming fluctuations in demand
• Prevent shortages or overstocking
• Drive mechanical processes
• Smooth customer experiences 
• Weaponize marketing & retail strategies.

5. VR & Digital Twins

According to MNM, the digital twin market is determined to be worth $15.66 billion by 2023. In the logistics industry, the trend of making a digital twin of physical assets has become quite common. Companies are testing, monitoring, and controlling machinery as well as procedures with VR technology. VR technology is helpful to-

• Recreate realistic digital settings
• Enable immersive e-learning 
• Test operational procedures & construction layouts
• Provide opportunities to-

1.  Streamline blueprints
2.  Reduce flaws & costs
3. Operate and maintain physical assets 

6. AR

According to ABI Research, ‘the loadings of smart glasses for logistics are anticipated to generate income of US$52.9 million in 2017, and will grow to US$4.4 billion.’

There is a wide range of heads-up visors or other digital devices, namely-smart glasses and warehousing tools that individuals can augment with the help of

barcode readers to perform hands-free operations. When you link these tools to management systems, it can help you streamline operations as well as boost productivity.

7.3D Printing

3D printing enables individuals not only to redraw or eliminate the most complex supply chains but also reduce the requirement for long-distance physical transportation of commodities.McKinsey Global Institute expects logistics operators will be central to the development of the sector and worth $550 billion by 2025.

In the coming time, it’s expected that logistics operators will establish global 3D printing plants for on-demand orders and fulfill spare parts and warehousing requirements. Besides, it’s possible that they will offer you postponement services through local distribution centers.

To wind things up,

There is an abundance of technologies that are driving up the expectations of consumers. They are also creating a plethora of new opportunities for individuals in the most innovative & beneficial ways. In addition to this, it encourages the major industry players to move to the advantages of emerging technologies to perform their logistics operations.

Author’s bio-

Bloobus is one of the greatest and most successful personalities who leave an indelible impression to influence the individual’s life. There are innumerable things that you can learn from his struggle, passion, and achievements. Besides, he has excelled in his career and provided individuals with the power to the dreams of others.