New Trends in Distribution Logistics

New Trends in Distribution Logistics
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Everyone is talking about Artificial Intelligence AI , but how correctly can it be used in logistics to reinvent the backend, as well as the operations and activities affecting the customers and the customer experience? Logistics is still extremely old-fashioned. Little has changed during the last few decades. When the industry adopts AI, a lot will change: processes can be more efficient as companies will be able to remove a lot of manual work that will consequently result in better quality of work as well as the speedier execution of processes.

To utilize AI, collecting, aggregating, and harmonizing accurate data from many different sources — from legacy systems, cloud-based applications, and IoT devices and sensors will be vital so that it can be processed for realizing trends and insights. The data works as the fuel for AI: the more information you have available, the better, the smarter you can use AI. Artificial intelligence and machine learning often go hand in hand, as machine learning is a subset of AI and deep learning is a subset of machine learning.

To put it simply, without machine learning, AI cannot be developed, and machine learning is like a blood vessel for AI. The concept is not new — moreover, we are exposed daily to AI and machine learning. Just think about the last time you used Netflix and you binge-watched a season of a show that was right down your alley. There are a lot of other real-life experiences that you as a supply chain or digital change leader can learn of and can make you think of how you could use AI and machine learning to transform your logistics and provide exceptional value to your ecosystem.

You could perhaps use it for detecting fraudulent invoices or to predict the future, like delays in air freight or demand for goods so you can plan supply accordingly, it can be used for managing risks for example material shortages or to improve route optimization. This trend is close to our hearts here at Youredi, as enabling the logistics industry to improve supply chain integration is our mission as it can have significant impacts on the global economy.

6 Supply Chain Trends from 2017 and their Ongoing Progress

Supply chain integration means that all stakeholders both internal and external are connected so they will be able to share data for better collaboration, visibility, and transparency. B2B supply chain integration has strategic importance for enterprises, as the efficiency can result in serious cost savings, so gross margins can be significantly reduced that will improve profitability. For many reasons, supply chain integration has been a challenge. Integrations have been traditionally expensive, thus it could just mean another cost for firms that kept lowering their margins. Even worse that while the invoices were extremely high, most of the integration projects failed. Many tried to do the integrations themselves, but without adequate tools developing integrations can be time-consuming especially that there is a lack of integration architects as well.

Nevertheless, the most significant barrier is probably the fact that enterprises use a large variety of systems.

AI-based future logistics by Toyota

Many of them still operate on on-premise legacy systems built decades ago, while others have started to use the cloud or use SaaS applications. The integration solutions need to tackle these challenges, and you need the right tool for that. These supply chain challenges a few lines above are the reason while adoption of i ntegration platform as a service iPaaS has been skyrocketing in the last few years. Modern cloud-based integration platforms can be the savior of logistics firms. There are a lot of iPaaS vendors on the market.

Technavio's Logistics Industry Report Library

In there were 3. It not only supports numerous jobs and output within its own sector but also enables other sectors, namely manufacturing and retail, to generate and distribute supplies and products nationally and globally creating new wealth through exports. This subsector includes companies that specialize in arranging freight transportation including freight forwarders, shipping agents, and customs brokers. Please verify that you have received the email. However, the biggest opportunity is in the emergence of digital freight platforms that create online marketplaces that quickly and efficiently connect shippers with carriers, streamlining processes, optimizing costs and expanding the available options.

Some offer services for citizen integrators to connect cloud-based applications with just a few clicks. Whichever of the trends mentioned above you want to apply for your operations or supply chain, an iPaaS can have a significant impact on the implementation. In this article, we do not want to go into too many details about key functionalities of an integration platform or how the iPaaS architecture looks like. If you want to know more, we suggest reading our extensive guide on iPaaS. And at last, but not least, we need to mention the blockchain.

Without a doubt, there is a lot of discussion going on about blockchain these days on logistics forums, and perhaps this is the current hot topic of the industry. It is verified because the members sign the transactions using public-private-key cryptography before sharing them with the network. Therefore, only the owner of the private key can initiate them. However, the members can stay anonymous because the keys are not linked to real-world identities. It creates trust between the parties by eliminating the need for trust.

Blockchain can record the transfer of assets between two parties, without the need of a trusted intermediary.

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Technavio has been closely monitoring the latest emerging logistics trends to create an in-depth portfolio of packaging market research reports. The globalization of markets has reinforced the interest in logistics. A constantly raising level of competition among companies stresses the need for improved.

It has emerged as Fintech companies have started to look at it as a tool for securely improving payment handling. For logistics and supply chain, the blockchain could bring more transparency that many are looking to improve over the years to come. Massive logistics enterprises have started to look into use cases to utilize blockchain, like verifying the origin of fuel in ocean shipping, identifying counterfeit products, or tracking the source of goods.

With the rise of e-commerce, demand for parcel has skyrocketed, and shippers. The trends in blockchain in supply chain and logistics circles are becoming synonymous with transparency and visibility, and the trends in blockchain and supply chain and logistics will revolutionize how companies maintain compliance and expand.

Shippers need to understand the top supply chain and logistics automation trends to watch for in However, will see more companies develop like freight tendering and scheduling systems that will allow companies to streamline logistics management.

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Blockchain technology, artificial intelligence, and a host of market forces are shaping the transport of pharmaceuticals, industry executive says. This site uses cookies to improve your experience.

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