E-AWB increases cargo data monitoring and processing performance, as well as route transparency and protection. It also cuts down on prices and delays.
FREMONT, CA: Today's logistics, manufacturing, shipping, and supply chain sectors are undergoing rapid and unparalleled change. Innovation and technical progress are essential to the future growth of these sectors. 3D printing, the Internet of Things, drone delivery, and other technological advancements that have become almost a reality have historically been the topic of science fiction. So, take a look at some of the most well-known implementations of high-performing logistics.
An unmanned aerial vehicle is referred to as a drone. It can be controlled remotely or fly autonomously, following pre-programmed flight paths in its system. Drones are small, light, and inexpensive to fly. They can travel where other modes of transportation fail. In the not-too-distant future, operators will use drones to distribute small items in urban and rural areas quickly. It is possible to shorten the supply chain and save money on shipping thanks to their high speed and accuracy. As a result, courier firms could experience financial losses. The problem of government control, air traffic safety, and the drone's permitted size and weight are all barriers to widespread use of this technology.
The Electronic Air Waybill, or e-AWB, is the industry's first step toward digitization. It is an electronic version of the current paper air waybill that travels with cargo from shipper to destination. E-AWB increases cargo data monitoring and processing performance, as well as route transparency and protection. It also cuts down on prices and delays. Early in 2019, the International Air Transport Association, or IATA, announced the switch to e-AWB. The electronic air waybill has already been adopted by major airlines. Others are expected to follow suit in the near future. As a result, by the year 2021, 80 percent of air waybills will be electronic.
One of the most exciting developments in logistics technology to watch in 2021 is digital twins, which are electronic replicas of physical objects or processes. Many logisticians understand that their computer models can never match their actual products. Digital twin technology, on the other hand, alters this. The physical and digital worlds can now be merged into one, allowing users to communicate with an e-model of an entity or its component in the same way as interacting with their physical counterparts. The application of digital twins in logistics has tremendous potential. This innovation can be used to collect product and packaging data in the transportation field.
See also: Top Digital Twin Solution Companies