Impact of Disruptive Technologies on Logistics and Supply Chain
We are living in an era of technological transformation, which is revolutionary and is bringing in a paradigm shift in our day to day lifestyle. It has challenged our thought process and the way we experience things. The coming generations will witness huge potential opportunities and advancement in terms of numbers and understand how bigger gets better.
Technology and logistics have always been hand in hand, so it need not come to our surprise that the Logistics and Supply Chain Industry has been reaping benefits in a few forms from real-time warehouse management systems since the 1970s.
However, the speed of technological advancement has quickened this significantly due to one of the wonders of the modern world, the Internet. With this reduced the price and complexity of computerized stock management and subsequently made it feasible to use the technology in real-world situations. Some technological advances have made their impact since then.
While the supply chain and logistics sector have always been quick to adapt to new technology but there is no denying that there is room for improvement. Eventually, these technological advancements lead to improving the tracking, carrier management, and capacity optimization across the outbound supply chain.
Disruptive technology like the Internet of Things, vehicle connectivity, cloud systems, and data analytics has evidently made quite a stir in the world of supply chain and has the potential to completely change how products are manufactured, distributed, and tracked.
Live tracking technology has worked very well towards accountability and quality control with the aid of monitoring each stage of the logistics transit, from the warehouse or the loading point, throughout the transit and until the destination or the delivery point.
Logistics App with live tracking, at the moment, is used to relay real-time data about the exact location and the whereabouts of the objects and goods that are in transit over a long distance. This not only works as the simplest means for tracking the shipment for the client but also enables logistics enterprises to manage their personal fleet of trucks extra successfully.
Live tracking fleet control systems have been used for some time; however, the perfect scale and degree of capability has changed for the betterment over the last decade, because of the constant technological advancements. Telematics and the long-distance transmission of information also allow logistics companies to get accurate information on the condition of their vehicles and the required maintenance of the same, including emergency repairs.
Alerts for issues with an engine can be used to manage preventive repairs. Vehicles can be kept away from breakdowns and made sure that trucks are mostly on the road rather than being serviced. Logistics companies can also get access to updates on the Driver's behaviour, his way of driving and his safety automatically. This will, in turn, help Logistics companies to minimize risks, increase efficiency and improve safety.
The Internet of Things (IoT)
The internet of things is a further advanced Telematics. The developing mass of connected gadgets and sensors is already having a big impact on the way the Logistics industry can function effectively. Smart devices are optimizing the warehousing, transit, and delivery of shipment alongside giving insights on the expenses incurred during transit, in real time.
This has, in turn, helped the Truck Owners to work out optimization in a smarter way to increase productivity, efficiency and minimize costs. The present-day technology developments consist of active and passive RFID tags, which deliver timely and relevant information on the shipment they are attached to.
All of this information can be tracked through a Mobile App or any other linked device. It is predicted that the Logistics companies are now ready to invest a huge amount on these solutions, by the end of the decade. These Companies are seriously planning on integrating technology into their entire end-to-end processes, in order to be on par with the pace of their competitors.
Future of Logistics, backed by disruptive technology
While technology has already had a huge impact on logistics, additional disruptive forces should trade the industry completely once again in the subsequent 20 years. Robotic technique automation and self-sufficient trucks could possibly reduce the need for manual labour while improving efficiencies within the transportation industry.
UAVs and drones are very much a part of this new ethos, as they' are capable of resolving the challenges related to short notice transits by means of bypassing the traditional transportation systems totally.
Next, blockchain technology should have the most important impact within this Industry. Blockchain is defined as “an incorruptible digital ledge of financial transactions that can be programmed to document, no longer just monetary transactions, however, anything having a virtual value, by using blockchain revolution authors don and Alex Tapscott.
This technology will eliminate problems that are being faced within the supply chain and logistics. It might help avoid mistakes associated with paper-based documentation and improve performance, reduce fraud and assure safety.
Technology will continue to shape the logistics and supply chain industry in the coming years. IoT, cloud computing and other cutting-edge technologies are on the centre of almost every logistics method, and companies will want to adopt these competitive solutions to innovate and integrate technology to fulfil the growing desires and needs of customers and Buyers in each of the b2b and b2c sectors.
Bigtruck Connect App and Bigtruck Partner App are one such Logistics App that has integrated the cutting-edge Live tracking feature on their Mobile App.
The people behind this innovation are further planning on integrating the futuristic technologies, in order to change the way, the entire industry functions and helps people in the Industry reap benefits of minimizing cost, maximizing revenue, ensuring safety and growing their businesses competitively to their fullest potential.
To learn more on the technological innovations of Bigtruck towards the betterment of the Logistics Industry, visit www.bigtruck.in
