NEW ERA OF COLLABORATIVE GROWTH
The major tech trends shifting the trajectory of Transport and Logistics are digitization, data analytics, automation and IoT coupled with leading players adopting what is being called “total retail”. An end-to-end customer experience from bricks and mortar to digital engagement and payment and delivery options. The landscape is seeing a new era of collaborative growth with new commercial and operational processes developing. And with an estimated US$4.6 trillion worth of revenue for the taking the competition is closing in.
THE ADVANTAGES OF CLOUD TECHNOLOGY
Catalysts for transformation are the adoption of cloud technology, which has enabled flexibility and scalability, improved efficiencies and innovative new models like “virtual freight forwarding”. With the industry being made up of acquisitions across the globe the cloud has allowed for complete integration and streamlined processes across the organisation.
Another driver of innovation is the proliferation of IoT devices and the real-time feedback of the movement of goods and inventory availability across the entire organisation. This immense volume of data is then used to increase efficiencies and improved service delivery along with forecasting and anticipate requirements.
Automation and robotics have both reduced the reliance on the number of workers needed. Autonomous vehicles are increasingly being used within warehouses and for delivery of goods, and the use of Drones/UAV’s have allowed for increased surveillance and the management of inventory.
FEASIBILITY OF 3D PRINTING
To reduce transporting finished goods across vast distances, 3D printing is being used to create components on site. As a result only the raw materials need transporting to site.
ACCURACY OF 5G
Another game-changer will be the advent of 5G. This will allow for real-time geolocation information. This includes the use of intelligent digital tools to improve accuracy and efficiencies in stores, distribution and targeted communication. Combine this high-speed connectivity with the internet of things and this industry will see yet another revolution on the horizon.