Logistic Tech : A New Wave
With the advent of a digital environment, traditional services are increasingly being replaced by innovative logistics solutions driven by digital technology. The study analyzes key trends and their impact on logistics, logistics services and logistics technology in the global logistics industry. The digitalization of core business areas and technologies should facilitate the transformation of logistics service providers by adopting innovative business models.
Everywhere around us, huge amounts of real-time data are generated from data centers, mobile devices, social media, cloud computing, and data analysis. Specific digital technologies covered include digital cloud platforms such as Amazon Web Services (AWS), Google Cloud Platform (GCP) and Microsoft Azure.
In fact, 3PLS has already invested in artificial intelligence and is taking the lead in this area (see Figure 5). Adaptive intelligence, which includes artificial intelligence (AI) and machine learning (ML) technologies, will allow a wide range of real-time data to be managed, including data from mobile devices, social media, and cloud computing.
Earlier this year, for example, APL Logistics announced a partnership with Boston-based ToolsGroup to provide its customers with AI, machine learning and artificial intelligence (AI) technology.
Maersk also recently announced plans to join the CMA to invest capital in developing its own AI platform for logistics. The race for innovation has also encouraged Singapore's sovereign wealth fund Temasek to team up with transportation giant Kuehne & Nagel to invest $1.5 billion in AI and machine learning. E-commerce companies want to compete in this race, such as Amazon, which decided to take over Massachusetts-based 6 River Systems, the world's second-largest logistics company.
This high expectation is because this technology would provide new and powerful methods for approaching the supply chain.
In today's dynamic world, intelligence embedded in the supply chain offers a competitive advantage. In a digital age where the mantra is to transform or be superfluous, companies are using technology to create self-orchestrating supply chains. As blockchain expands its applications into the future supply chain, one prominent aspect is that supply chains are becoming more conform, transparent, and traction-driven, which should create a new level of efficiency and efficiency in terms of cost - effectiveness, efficiency, and transparency.
Because blockchain enables payment authorizations and letters of credit, there is a new level of value - additional services in the supply chain, such as the ability for blockchain to enable payments, permits and letters of credit.
This digital network enables all stakeholders in the supply chain to identify and resolve problems immediately and to make it easier for relevant partners to communicate the growing demand for products, enabling stakeholders to address issues to increase supply and speed up shipping. It is possible to automate supply chain processes - supply chain participants speed up transactions, orders, invoices and payments, reduce errors and significantly improve the performance of the entire chain. Today's supply chains are undergoing significant change, with the potential to self-manage - and in the not-too-distant future.
This unprecedented pace of change is driven by the five major disruptors discussed in this article - digital technology, cloud, automation, data analysis, machine learning, and artificial intelligence. The adoption of these radical technologies will prepare companies for a new era of innovation, which is expected to yield significant profits and improve the long-term health of the industry.
In addition, legacy technologies are having a hard time providing actionable insights in the face of increasingly complex and complex logistics processes such as shipping, logistics and logistics management. As capacity and capacity increase, shippers "visibility decreases and processes" control increases, the gap between shippers and their suppliers and their customers widens, according to the report.
Shippers will increasingly have to reinvent their logistics value chain, improve various functions such as warehousing and distribution, and join forces with new partners who bring innovative technology and expertise. The bottom line is that innovation in delivery, storage and operation has become an urgent need. It also takes into account the need for more efficient and cost-effective logistics management and delivery systems. In short, the logistics industry is changing rapidly and can be more flexible, agile and responsive to the needs of its customers and suppliers.
Self-driving technology, originally developed for cars, is now finding its way into logistics to address a growing pain point: the growing shortage of driverless vehicles. To reduce operating costs, Peloton is developing platooning systems for trucks, while Locomation has developed the first commercial version of its autonomous truck-to-truck transportation system Peloton with self-driving technologies. Technology - Technologies such as autonomous vehicles and intelligent logistics systems are used for specialised applications in the logistics sector.
These technologies also optimize logistics, including ocean freight, and are widely used in India's logistics sector. Technology - Technologies such as blockchain technology and smart contracts enable logistics companies to automate their supply chains and gain first-hand knowledge that would otherwise be hidden in constantly generated data. This is due to the properties of blockchain technologies, which enable them to seamlessly counteract friction surfaces in logistics.