Innovative Supply Chain and Logistics Trends

Dr.D.SathishKumar, Professor, SIMS

Technological innovations is one of the  most vital hour for  all the industries, this innovation will help the manual processes like data storage in different ways in different places to single place storage and monitoring. Companies within the logistics and supply chain must persist on the changes and innovations. The most important technologies that the companies should be aware in the upcoming years are

• Artificial and Augmented Intelligence:

This technology helps in intelligent transportation, rout planning and demand planning, the updates are delivery robots and sustainability solutions to warehouse automated picking systems etc.

• Digital Twins:

Physical and digital ones can be moulded into one and allowing the logistics professionals to engage with the digital model of a physical object or part like physical.

• Data Standards and Advanced Analytics:

Companies have stored data, leading to a fragmented ecosystem, creating massive inefficiencies and making it difficult to digitize operations. Data’s in silos will no longer be an option for companies who wanted to keep up with the changing times.

• The Growing Importance of Industry Newcomers:

No more new technology in the logistics as it is the process of shaping the future of logistics; it is also an emerging business models for new industry players. Ex: Digital Freight Forwarders.

• Autonomous Vehicles:

Autonomous Vehicles, be it truck or drones, have become closely associated with the close future of logistics, It is one of the most discussed logistics technology trends of recent times.

• Warehouse Robotics:

A recent shift in recent years is warehouse operations to automated warehouse with robotics. This is one of the logistics technology trends that are likely to continue. There has been an 18% year-over-year increase in testing of warehouse robotics.