Trends and technology go hand in hand, especially in the logistics industry. It is a crucial aspect of the shipping process. From implementation to planning, to delivering the goods, the Logistics Industry takes care of the larger part. Over the years, with technological development, the Logistics Industry has also developed in terms of process, speed and cost. Specifically, in India, the Logistics Industry is blooming with the assistance of technological advancement.
1. The Internet of Things (IoT)
One of the ever-evolving trends is the Internet of Things that minimises the human intervention with the assistance of the Internet. This aspect ensures security and transparency in the process. What does IoT mean?
It interrelates the devices and transfers data through the Internet to ensure faster response and delivery. Certain examples of IoT in relevance to the Logistics Industry include the connection of devices for data transmission, management of manpower by speeding up the process. Moreover, customer and employee management have become easier.
With the increase of efficiency, real-time updates are a great advantage given by the IoT.
2. Blockchain Technology
In the logistics sector, the biggest threat involves fraud and loss of documentation or certain discrepancies. To eliminate this process, and certain human errors blockchain technology plays a crucial role. But, what is Blockchain Technology? This technology stores data in the system and makes it difficult to hack or change the documents. Also, it increases the transparency required during the process.
3. Artificial Intelligence (AI)
Artificial Intelligence has simplified livelihood and mankind in several ways, which also includes the Logistics Industry’s processing. From planning and implementation to execution and structuring, AI provides solutions that ease the management processes. The algorithm of Artificial Intelligence also helps in reducing costs incurred for hiring manpower and reduces chances of errors. It has been an essential trend of the Logistics Industry.
4. Provision of data analysis
Managing and analysing data is an essential part of the Logistics Industry. The data supplied in this sector is in huge quantity and with human intervention, there is a risk of duplicity or errors. With systems of proper data management and analytics, the process becomes seamless, leading to an increase in the productivity of the warehouse. Moreover, the analysis also helps in finding loopholes in the process.
5. Warehouse Automation
One may think why is the automation of warehouses important? With speed, it also boosts the efficacy, performance and reduces errors with little to no human intervention. Other than this, automation also reduces costs and guides the vehicle, as well. The process becomes systematic and simple, and the goods are delivered on time.
6. Cloud Computing
Wondering about the importance of cloud computing? The Solution as a Service (SaaS) provides the option for pay-per-use models. Moreover, reducing the labour work and becoming cost-effective. Also, with the cloud-based systems sharing of data, files and other details become secure. The rule of a document in one system has been overruled by cloud computing offering universal accessibility.
7. Door-step delivery
The main goal of every industry is customer satisfaction. Likewise, the last-mile delivery is crucial for the Logistics Industry. The delivery should be on time and the customer should also be provided with real-time updates to receive it, readily. With Cargoflash’s nGen D2D, door-step deliveries, management of warehouse and other operations are made easy and accessible.
8. Robotics
More than physical robots, software and mobile robots are important for the Logistics Industry. There are certain tasks that consume time and are repetitive in nature. In such cases, the software robots can save time by covering up and avoiding human interference in the process. This would speed up the process and also help the employees focus on other important tasks.
9. E-commerce Logistics
The booming E-commerce logistics is the upcoming trend of the Logistics Industry. With the growth of the E-commerce sector, the demand and supply chain of the Logistics Industry augments, as well. Even during the pandemic phase, the delivery of vaccines and other essential kits were equally important. It is also estimated that in the coming years, the E-commerce market will rise higher leading to a further boost of the Logistics sector.
10. Sustainable Management
With the growth of the industry and technology, taking care of the environment is equally important. Several giant organisations have started an initiative towards the protection of climate and the environment by minimising carbon emissions from vehicles.
11. Elastics Logistics
The term may seem new and unheard but this trend has proved to be essential, especially during the pandemic. In this model, the business supply and demand become flexible depending on the market and its demand. It creates a balance between demand and supply and unlocks the capabilities of the Logistics Industry.
12. Reverse Logistics
Reverse Logistics is another trend in the Logistics Industry, which involves reusing the returned products for either the purpose of reselling or disposing of them. This includes collecting the package from the consumer and returning it to receive a cash-back. Several giant organisations have set up their own reverse logistics process for the ease of the consumers.
13. Digitisation
This technological aspect provides real-time updates and ensures on-time deliveries. Digitisation of processes also reduces the time duration required for the operations and manages them in a systemised manner. Digitisation, especially in the Logistics and Aviation Industry has helped to speed up the process and reduce paperwork.
14. Customisation of services
Personalisation is important in order to win over a client. Likewise, providing customised and tailor-made service depending on the requirements of the client is one of the crucial aspects of every industry.
15. Real-time updates
In recent times, real-time updates are fairly important. If the consumer receives real-time updates, management of other important segments is sorted. Likewise, even the organisation or company ensures that the package is delivered during the given time span.
So, these are some of the trend of 2021 of the Logistics Industry. Emphasising on these trends, Cargoflash also provides customised software solutions to speed up the process and increase revenue. From implementation and management, to final delivery, Cargoflash is your one-stop solution for every IT-related problem in the Air Cargo and Logistics sectors.
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