By enabling the sharing of capital costs around areas like warehouses and fleets, digital platforms correspond to the biggest disruption to the region. These platforms not only facilitate new, capex-free players to enter the ecology but also open up new business-model opportunities.
FREMONT, CA: The age of technological innovation has transformed the way the world use to function. It has impacted every other industry is helping to renovate them at an unprecedented rate. The revolution has also disrupted the logistics division as it is helping reduce the resistance and also making the whole process more competent and automated.
This disruptive transformation is leading the logistics industry toward a sectorial upheaval, and the developments can be largely classified into three categories:
1. Data Automation and Transparency
Data has been a fundamental part of the logistics sector, and new developments in data collection and analysis provide the opportunity for businesses to meet their goals in a better way. Strategically, information can be used for enhancing the route networks, optimizing the number of drivers and trucks needed each day for the assignment, and for tracking deliveries in real-time.
Furthermore, real-time, transparent, and shareable data provides the capability to set up new, game-changing technologies like omniscient control towers (delivering end-to-end visibility over the supply chain), augmented reality, and artificial intelligence.
2. Innovative Options for Physical Transportation
Pilot projects have started using drones and robots for logistics operations. In the long term, the preposition will not only prove to be cost-effective as it will decrease the amount spent on workforce and fuel, but will also offer a marketing edge to the businesses using it.
3. Digital Platforms
By enabling the sharing of capital costs around areas like warehouses and fleets, digital platforms correspond to the biggest disruption to the region. These platforms not only facilitate new, capex-free players to enter the ecology but also open up new business-model opportunities. At present, new-age start-ups permit businesses to carry out last-mile deliveries, and this has opened a whole new section for the logistics industry.
4. New Production Methods
Techniques and methods like 3D printing and additive manufacturing have the potential to change conventional logistics, enabling new decentralized business models. For instance, the need for transportation of particular products can be replaced by an on-site 3D printing in some cases. The instance creates the opportunity for contract logistics providers to incorporate 3D printing services into their offerings, therefore providing last-mile customization.
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