Rapidly evolving technology and innovation have changed the face of the shipping and logistics industry. Automation, artificial intelligence, and workflow optimization have affected the sector drastically, altering entire work mechanisms.
Here, we give you a low-down on the five most significant technological advancements reshaping shipping and logistics.
Artificial Intelligence (AI)
AI is taking over every industry, from banking and insurance to healthcare, shipping, and logistics. It has reduced the need for human interference to the minimum and has significantly reduced error chances. Businesses use it to conduct everyday operations such as managing bookings, tracking shipments, and handling customer support. AI reduces the cost of operation by about 70% while increasing accuracy and efficiency. The shipment tracking system is an excellent example of AI’s success when deployed right.
Internet of Things (IoT)
It uses Wi-Fi and the internet to run and manage everything remotely or from a distance via a controller. It deploys several tools such as sensors, navigation systems, GPS, and security systems to make it easier for businesses to track and control operations, significantly reducing associated costs and risks and improving overall efficiency.
Radio Frequency Identification (RFID)
It has made tracking inventory easier for shipping and logistics companies across the globe. It saves businesses a lot of labor as they no longer have to hire people to count, track, and manage. A company needs to add an RFID tag or sensor that sends out radio signals easily tracked by a device. So if something goes out without removing the tag, you will get to know about it immediately. Firms are also using RFID to monitor containers.
Autonomous trucks and drones
Companies like Uber are using autonomous trucks to deliver shipments and cargo. With COVID-19 bringing the world to a stop and the need for social distancing, using drones to deliver packages has become a lucrative idea. The day is not far when drones will make door-to-door deliveries. Amazon has already announced Amazon Prime Air, through which it will use drones to deliver things to your doorstep.
Global Positioning System (GPS)
Thanks to highly advanced GPS locators and radars, delivery systems can now locate and track every nook and cranny around the planet. High-quality GPS has completely revolutionized the shipping and logistics space. Companies no longer need road maps or directions to supply goods to a location. Most of them rely on GPS for timely and error-free deliveries.
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