Supply chains are evolving to become complex entities that are dependent on each other. This has made it inevitable for businesses to branch out and extend beyond the boundaries of the enterprise.
Let us take a look at the technology trends in logistics that drove the industry practices in 2016.
- Radio Frequency Identification (RFID) Technology
This involves the use of RFID tags and tag readers to keep a continuous tab on objects like individual units of goods, platforms on which goods are stacked and moved, or shipping equipment.
This is particularly relevant in industries producing valuable and perishable goods like semiconductors. This technology has also been successfully used to minimise handheld picking, scanning, and shipping of inbound and outbound goods, hence achieving savings in labour and quick processing times.
- Multi-enterprise Visibility Systems and Omnichannel Solutions
Shared risk and visibility drive businesses today. To mitigate these issues, multi-enterprise supply chain strategies have been implemented widely. These systems provide a comprehensive view of the metrics and processes across the network. These strategies have been broadly adopted in the high-tech and automotive industries.
Similarly, cloud-based platforms are being increasingly used as part of the shipping strategy for an increase in customer base. The cloud is the primary resource that enables rapid data processing and makes Internet of Things (IoT) possible.
- People-enabling Software
Companies needed a technology that helps people in resolving problems efficiently. They needed to locate solutions to problems outside the internal business processes. They also wanted to use that information to quickly put out the fire.
Technologies like shared portals, live communication, and search capabilities have helped businesses identify the right people with solutions, in real time, across the globe.
- Bluetooth Technology
In spite of IoT coming to be increasingly relevant in the supply chain, non-data driven technologies like Bluetooth devices are being used in tandem for quality control and accountability. This can be attributed to the low cost and low energy use of these devices.
Bluetooth enabled devices can be easily mounted on docks and shipments to relay information about the package and its proximity. This real-time data update improves accuracy and efficiency of logistical processes.
Industries like the governing authority of FDA have been seen to implement this technology.
- Transportation Management System (TMS)
The rise of cloud, Software-as-a-Service (SaaS) applications and web-based systems has made it possible for small shipping companies to take advantage of high-end transportation management systems. The ROI for TMS cloud-based systems has consistently seen a definitive growth.
Trends Predicted To Excel In The Future
Some of the cutting-edge technological solutions that are in their infancy today could morph into popular strategies to upgrade supply chain performance. Some of these are listed below.
- Autonomous Vehicles and Drones
Establishments like Amazon and Intel have successfully used unmanned aerial vehicles or drones to deliver products in minutes. Although this technology is currently not viable for massive roll out, shipping entities are depending on the insurance industry to embrace this technology in the future.
- Robots in Warehouses, Loading, and Unloading
Robotic systems are being created to run the logistics industry more efficiently. 2016 was the year when this technology was increasingly adopted for use in warehouses, distribution centres and probably even at the customer’s doorstep!
Technological innovations dictate how the world does business today. This has also spilt over to the logistics industry function, making it an integral part of the shipping processes today.
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