Technological change is accelerating, but it seems that the demand for advanced technology in the logistics sector is one of the main reasons we have made so much progress lately. Famous for the heavy use of manual processes and its need to store large volumes of data in many ways, the logistics industry benefits from implementing new technologies that are slowly transforming the industry.
In addition, the logistics sector has been thriving during the global pandemic, and the demand for faster dispatch speed of logistics operations has never been higher. If you’re thinking about starting a transport and logistics business or want to implement new strategies that will help you deliver better results faster, here is the list of the newest technology and business models that may speed things up and simplify your logistics operations.
Automation uses data-driven software or automated machinery to enhance operational efficiency and it offers a wide range of solutions for the logistics industry. Artificial intelligence is taking over many activities that logistics companies perform, and it’s safe to say that by the end of 2030, many logistics operations will become fully automated.
Investing in machinery that assists the movement of goods is a great way to minimise errors and improve efficiency. More importantly, with automation becoming more popular, workers won’t have to work in hazardous environments, meaning you will be able to minimise the risk of accidents in the workplace. For the record, embracing automation doesn’t mean you’ll have to fire your workers at some point since automation can generate more jobs. However, since they won’t have to control every aspect of your logistics operations, you’ll be able to improve workplace conditions with automation.
Unlike data-driven software or machinery, robots can perform several jobs at once. With that in mind, it’s safe to say that robots will shape the logistics industry in a way we never thought was possible.
For example, e-commerce operations require a certain level of speed and efficiency because that’s the only way to keep up with the rapid growth of online sales. With increased supply chain demands, different logistics businesses can reduce manual labour forces by embracing robotic technologies. In addition, the impact of e-commerce growth on logistics companies is urging warehouse businesses to adopt robotics and rely on the newest technologies.
Next, 3D printing technology is another major innovation that will slowly transform logistics and supply chain management. This technology can cut labour costs in half, and more importantly, help logistics businesses handle transportation costs better.
3D printing technologies make it easier for business owners to accommodate individual customer requests while successfully handling production. As a result, manufacturers will no longer need to stock large volumes of products, but more importantly, they will be able to switch to more flexible manufacturing models.
In today’s world, there are many issues in transport and logistics, including transparency. For example, consumers often don’t know where their products come from. Many parties can inspect a product during transportation, and these processes usually cost a lot of money. Even worse, these processes are verified manually by sheets of paper, and if somebody loses the papers, you will have to deal with delays and potentially angry and unsatisfied customers.
In simple terms, blockchain is the decentralisation of computer networks. This process allows warehouse business owners to keep a permanent record of the transaction. Moreover, since it’s impossible to alter the transaction data on the blocks, the transaction information is always as accurate as possible. Thus, this innovative technology can contribute to many logistic sectors.
Emerging business models
New technologies are indeed reshaping the logistics industry. Still, we should also give credit to people who have developed new business models that significantly impact the logistics sector. So, let’s say a few words about freight forwarders.
Essentially, a freight forwarder is an individual or, in most cases, a company that assists warehouse businesses in the transportation of goods. When warehouse businesses have too much on their plate, these professionals are in charge of transportation of their orders from one place to another.
With that in mind, a reliable 3PL provider will offer business owners logistics services to support their logistics operations. Whether you need to transport a full truckload or a container, 3PL providers usually have the capacity to get the job done and help you deliver your goods to a specified location right on time.
Use of autonomous vehicles
Autonomous vehicles are innovations that have the potential to revolutionize the entire logistics industry. For example, autonomous trucks can cut labour costs in half and help business owners deliver goods faster. In addition, many warehouse businesses tend to invest in self-driving vehicles. So whether it’s an autonomous forklift or a small driverless truck, you can certainly benefit from giving these innovations a try.
Although autonomous vehicles can potentially affect the trucking industry, there’s nothing to worry about at the moment. Truckers will always be able to find a new job, and although they won’t be an essential part of the logistics industry, new job opportunities will eventually emerge. But, last but not least, we might have to wait for years until the newest technologies allow us to reduce labour and replace truckers with autonomous vehicles.
The logistics industry is on the rise, and warehouse business owners will certainly have a chance to introduce new technologies in the workplace. Although we can’t get everything at once, it’s impressive how much we’ve managed to accomplish in the last few years. As technology advances, business owners will be able to cut labour costs, but on the other hand, new jobs will emerge.
Some people worry that we will be replaced entirely by robots, and although that is true to some extent, we’ll still get many new opportunities to earn enough for a living. So, if you’re a warehouse business owner who wants to deliver better results and keep the clients happy, we advise you to consider investing in these technologies and elevate your business to the next level.