Top 5 Trends Transforming Logistics!
Here are 6 tech trends that have forever changed the trucking industry, permanently revolutionizing logistics:
Blockchain is the way of the future for logistics and transport businesses. A rapidly growing number of companies each year are using it to offer additional supply chain accountability and transparency for managing both assets and documentation.
Businesses that use Blockchain-based ledger technology have been able to boost their levels of service by supplying end-to-end shipment status visibility. They have also improved their on-time statistics and equipped themselves with the tools to implement smart incident management strategies.
2. Digital Automation
Digital automation and the Internet of Things (IoT) have allowed logistics operations with complex, convoluted processes to simplify their operations and make them more efficient than ever. New technologies such as asset tagging are creating more interconnected, communicative environments for stricter asset management.
IoT systems provide value by allowing for predictive maintenance and real-time performance insights through technologies such as acoustic and visual sensors on tracks and vehicles.
3. Big Data Analytics
Shareholders across the logistics supply chain ecosystem are now considering data-driven strategy as the new gold standard.
Data that trucking companies obtain from their day-to-day operations can inform firms of fluctuations and peak demands on the horizon. Plus, it provides valuable insights into supply and demand estimates, accurate turnaround times, truck fuel consumption, and route optimization.
4. Delivery Digitalization
The adoption of new digital tools like instant online payment systems has brought about rapid and lasting changes in the sector. Digitization has improved virtually every aspect of the trucking industry, from making shipper to carrier transactions quicker, to boosting customer satisfaction and trust.
Digitalization has driven efficiency and lowered freight companies’ operational costs by consolidating all of their expenses into single, comprehensive digital platforms.
5. Advanced Road Technologies
Freight industry startups in every corner of the world are developing goals to bring tech-based innovations to major roads and highways. Integrated solar panels are a fantastic example. These panels, laid in hundreds of miles of tar surfaces, have the ability to melt dangerous snow and ice, generate solar energy, reroute traffic, and perhaps even direct self-driving vehicles in the future.
These so-called ‘smart highways’ could power nearby traffic and streetlights with sustainable energy sources, detect irregular or hazardous traffic activities, or report hazards to oncoming drivers.
GT Global Services is an expert in providing IT Solutions to the Transportation and Logistics Industry.