Transforming Logistics Sector with Innovations

Transforming Logistics Sector with Innovations

Logistics Tech Outlook | Friday, April 09, 2021

Transforming Logistics Sector with InnovationsRobotics in logistics improves the speed and accuracy of supply chain operations while also lowering human error. When compared to human jobs, robots have more uptime and improve efficiency.

FREMONT, CA: Important developments in the logistics industry are being led by the introduction of technology-driven advances in business processes. Global supply chains are becoming more customer-centric and sustainable as a result of next-generation logistics management solutions. The automation of logistics processes results in a major improvement in workflow quality and performance. The supply chain's transparency and traceability must be strengthened to ensure a flexible and dynamic relationship between the different stakeholders. Below is how technology plays its part.

Internet of Things

The Internet of Things (IoT) is a network of physical devices that track and transmit data without the need for human interaction over the internet. IoT in logistics increases inventory management performance by increasing visibility at any phase of the supply chain. Integrating IoT technology into the logistics and supply chain industries boosts performance, accountability, real-time visibility of inventory, condition tracking, and fleet management.

Top 10 Logistics Tech Startups - 2020Artificial Intelligence

Companies can be proactive in coping with market fluctuations thanks to AI algorithms combined with machine learning. Managers may use AI-based forecasting solutions to manage supply chain processes and find ways to minimize operating costs, for example. Self-driving AI and smart road technologies are influencing a positive change towards distribution service automation. Furthermore, AI-based cognitive automation technology applies intelligence to administrative activities and accelerates data-intensive operations.

Robotics

Robotics in logistics improves the speed and accuracy of supply chain operations while also lowering human error. When compared to human jobs, robots have more uptime and improve efficiency. Simultaneously, robots do not take over human jobs; instead, they cooperate with them to improve productivity. In warehouses and storage facilities, physical robots such as collaborative robots (co-bots) and Autonomous Mobile Robots (AMR) are used to pick and transport goods. Furthermore, software robots perform mundane and repetitive activities, freeing up time for human jobs.

Last-Mile Delivery

The final phase in the supply chain, from the factory or fulfillment center to the consumer, is often inefficient and accounts for a large portion of the overall cost of goods movement. Last-mile delivery is the most critical aspect of logistics because customer loyalty is directly linked to it. On the other hand, last-mile delivery has a number of issues, including traffic congestion, consumer nuances, government oversight, and delivery density.

See also: Top Internet Of Things Solution Companies

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