Use of digital twins in the freight forwarding industry

2. How Digital Twins technology is transforming the freight forwarding industry in 2022 The Digital twin (DT) technology which has made its way into several sectors is increasingly finding a place in the freight forwarding industry alongside Blockchain and Artificial Intelligence. The recent launch of Google’s Supply Chain Twin – a cloud-based solution that allows companies to create a digital twin- has finally heralded the full-fledged adoption of this relatively new technology.

3. The need for digital twins in the supply chain industry The innumerable disruptions in the supply chain sector over the last two years of the pandemic have highlighted the importance of predictability and resiliency for companies in the transportation and logistics sector. Digital twin virtually simulates the real supply chain of a company that can be used for analyzing supply chain dynamics and forecasting the success of operations. Supply chain digital twins use real-time data from sources such as IoT devices, transportation, and logistics databases, invoices, CRM data, operations databases, online user reviews and more.

4. The possible practical application of digital twins in the freight forwarding industry Even though the concept of the digital twin first came into the picture as early as 2022, it came into prominence with the widespread application of IoT technology. Let us now take a quick at the several ways in which this technology can be applied to the logistics business to appreciate the limitless potential of DT. ● ● ● ● ● Optimization of supply chain processes by performance prediction Identification of logistical bottlenecks Strategic planning Better supply chain visibility Optimization of inventory