The tech revolution has taken over every industry, and the Supply Chain is no exception. With the arrival of digitalization, the Logistics & Supply Chain industry is going through a transformation. A1 Worldwide Logistics knows that as logistics become the backbone of every industry like retail, eCommerce, FMCG, hospitality, and healthcare. Businesses are aligning their strategies concerning the ongoing and upcoming logistics trends, i.e., Robotics, Artificial Intelligence (AI) and Machine-Learning algorithms. With these recent technological innovations, logistics companies are endeavoring to stay ahead of the curve and in front of their competitors. Based on A1 Worldwide Logistics observation of the past two years, here are some trends that shaped the logistics industry in 2018 and beyond:
- Blockchain- The Blockchain technology first made its presence felt in the logistics in 2017 and has rapidly expanded to every facet of the industry. With the unparalleled security and transparency it offers, blockchain is an ultra-secure way to store and transmit transactional data. Also, it improves credibility with foolproof transactions. For example, if a customer’s ID is available digitally through a blockchain-based application, he cannot falsify it at the time of delivery. Likewise, a unique blockchain enabled registration number of every vehicle can be mapped to an outstanding delivery job. According to recent studies, By 2022, 27% of global companies will be conducting or using artificial intelligence and blockchain based automation applications in transactional procurement
- The rise of Elastic Logistics-Elastic logistics refers to the flexibility to increase and reduce capacities to better align demands within the supply chain at any given timeframe. Elastic automation solutions increase the agility and elasticity of the logistics infrastructure to meet market fluctuations cost-effectively. It is not strictly a “one size fits all” solution. However, it provides a highly customizable answer to requirements like cost control, warehouse management, geographic restrictions, distributions channels, priority deliveries, and much more. The interaction of demand and supply defines the day-to-day operations in the logistics & supply chain industry.
- Data-driven Logistics Driving Pre-emptive Logistics-. By anticipating the needs and analyzing data-patterns, companies can predict the demand, plan and align their logistics operations well in advance. In the ever-changing business world, staying ahead in delivering the right service at the right time is the key, and data-driven logistics will only help enhance the future of logistics. Companies are adopting big-data algorithms, data-visualization techniques, and smarter analytics to boost process efficiency and service quality by shortening the delivery times.
Overall, the trend is moving toward simplifying cumbersome processes; eliminate mundane and repetitive tasks to enhance the effectiveness of the organization and improving customer. A1 Worldwide logistics is here to guide your business in everything logistics related. Whether you are shipping electronics across town or sending a yacht to Singapore, we make it easy. Send us an email at [email protected] or call us at (305) 821-8995 and we’ll help you discover the right logistics solution for your business.