This article is made with the purpose of explaining the recent technology developments and implementations happening in logistics.
We are living in a digital world. Nowadays, everything has become technology based. Almost all fields are incorporated with technologies and all those technologies are on their way to the extreme. Likewise, there are multiple advantages and technology developments happening in freight forwarding industries too.
Artificial Intelligence, Machine Learning, and the Internet of things are playing the most significant role in every technology upgrade. They influence a lot of improvements in logistics industries. Let us have a look at some of them one by one. Before that,
Why is Logistics important?
Logistics is one of the most essential parts of supply chain management because it is required to transfer raw materials, goods, and equipment to the manufacturer as well as the consumer.
Technology Trends in Logistics
1. BlockChain Technology:
Blockchain is one of the greatest logistics applications which enables transparent service. To narrate clearly, it enables the people to have a transparent view of their orders by having tracking abilities and all. So that the customers can audit the movements of their parcels.
2. Artificial Intelligence & Machine Learning:
AI and MI are the two eyes of recent technology developments in every field. They make the technology feasible for almost everyone who is experienced with the technology or new to it. By means of developing AI, we can reduce human errors and also we can make work faster. Artificial Intelligence and Machine Learning offer visible results and they became the most useful tools to solve complex issues in supply chain management.
3. Transportation Management system:
Transportation Management System, simply known as TMS gives the wider opportunity to simplify the complexities happening in the supply chain management and logistics. Because it acts as one of the best tools for organizing and management at the same location. This may help people in delivery tracking, transportation expense reduction, and improving the transparency of the works too.
4. Internet of Things (IoT):
IoT is a major influencer when it comes to making a connection between the consumer and the goods. And thus, it transforms logistics and supply chain management to the next level. The combination of the IoT with other technologies will definitely lead us to the extreme future where we can experience a lot of benefits.
ABOUT THE AUTHOR: Geetha Trivia