Trends that Shape the Future of Logistics
With customers demanding faster deliveries and lower prices, logistics and supply chain management (SCM) have no option but to oblige. The key to transformation of this industry lies in the adoption of innovative technologies. The first of these is the Internet of Things (IoT), which connects multiple devices into a single system. Container shipping companies such as Maersk Line already benefit from this technology. For example, its refrigerated containers are equipped with connected sensors that inform employees of any malfunctions in real time.
Another trend shaping the future of logistics is robotics. Amazon is at the forefront of this revolution as Jeff Bezos’ empire uses 45,000 robots to automate its operations. But machines aren’t replacing humans - they’re assisting and making employees more efficient. And once goods leave the warehouse, they could be delivered to customers by drones. Amazon leads the way in this initiative, too, as it recently unveiled its first unmanned aerial vehicle for product delivery. Several other companies are working on cutting-edge autonomous delivery vehicles as well.
And as cities become bigger and harder to navigate, logisticians could benefit from more powerful computers. Quantum computing is a solution to this problem as its superior speed can deliver previously unthinkable insights. It could revolutionise logistics and help companies in planning routes, developing supply chains, and streamlining delivery.
Businesses rely on these and many other technological trends to enable faster delivery of products and lower prices. You can find more information about these topics on our blog as we cover the transformation of logistics and supply chains in detail.