One of the most important operations in human history is logistics. Even ancient civilizations had to trade goods and move them between locations. Logistics operations have become more complicated as the world becomes more interconnected.
Logistics companies are responsible for planning, implementation and managing goods that move across long distances and international borders. This is complicated because customers expect better service. Modern logistics companies must optimize their processes in order to remain competitive in this highly competitive market. Technology has evolved to meet the demands of this increasingly complex industry. Digital technology is the backbone of modern logistics operations and is used heavily by logistics companies. Below are four key technological innovations that have made a significant impact.
1. Logistics Software
The development of logistics software was the biggest technological breakthrough in the logistics industry. The development of logistics software has allowed for the digitization and automation of processes that were previously done manually. These software solutions can do everything, including inventory control, delivery tracking and documentation creation. Warehouse management, import and export management are just a few of the many features offered by these comprehensive software solutions. This software is essential for modern logistics operations. Suppliers and service providers would be unable to operate without it.
2. The Internet of Things
The internet of things is a network of connected devices that can exchange data and interact with one another. This innovation has revolutionized the logistics industry by allowing cargo to be tracked as it moves from one location to the next. The end-customer has enhanced visibility of the delivery route. The Internet of Things can also include telematics and GPS systems. These technologies allow suppliers, manufacturers, distributors, and others to monitor traffic, weather, and road conditions. This allows them to reroute deliveries in real time, saving both time and money. In order to track goods moving in various ways, tiny computers and smart chips can be embedded in containers, cargoes and delivery vehicles.
3. Robots and Drones
These robots are used to inspect goods and manage inventory. They can also pick up and transport packages and shipments from trucks and warehouses independently. Logistics companies can reduce human resources and save money by automating manual tasks such as loading and unloading. Amazon is a great example of how robots and drones can be used effectively by companies. Amazon estimates that its Kiva robots have saved them at most $22 million in each fulfillment centre where they are being used. Amazon has made it public that they are moving to aerial delivery of goods using a fleet drones. Although this has been a topic of great interest around the globe, it is still in its early stages. Although widespread adoption of drones for delivery is not yet possible, it could become a reality sooner that you think.
Blockchain applications were created for logistics. They can be used to increase transparency, speed up processes and reduce paper trails. Some have called it the “future of the internet” and highlighted it as an important technological innovation that could transform many industries.