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Logistics 4.0 and The Next-gen Delivery Solutions

#Logistics 4.0 is all about #digitization and advanced innovative solution, but is the industry ready?<br>#softwaretesting #qualityassurance

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Logistics 4.0 and The Next-gen Delivery Solutions

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  1. Logistics 4.0 and The Next-gen Delivery Solutions

  2. Every business relies on flawless supply chain and logistics management. At the end of the day, everything boils down to the efficiency and capabilities of logistics. As Sun Tzu once said, “The line between disorder and order lies in logistics.” The next-gen logistics and supply chain market is projected to grow up to USD 75 billion in 2030 from USD 32 billion in 2019, suggested a latest study conducted by LogisticsIQTM.  E-commerce is growing, rather, exploding. It is on a double-digit growth trajectory that does not seem to plummet any time soon. Online shopping has indeed become mainstream. Today, if a business is not online, does it even exist! The biggest and the most important reason for this exponential rise is the narrowing timeframe between the purchase and the actual receipt of the goods.  The penetration of digital across every segment and vertical has led to the rise of Logistics 4.0. The ‘Amazon effect’ is disrupting logistics and the future of supply chain. One-day and two-day deliveries are attracting more customers and further increasing the demands. Logistics, supply chain, and transportation are getting completely transformed because of two reasons – first, the rising demand elicited by the Amazon effect, and second, the advancing technologies that bestow the abilities to fulfill those demands.  In this blog, we’ll dive into the technologies that will have the biggest role in the logistics transformation and the emerging next-gen solutions that are empowering deliverability of the logistics industry. 

  3. Add transparency, subtract variability • Last-mile delivery is becoming a prime focus of retailers and Etailers across the globe. Businesses are centering their attention on transporting a product from the source hub to the hands of the customers. User convenience is, as always, at play here. Customers’ expectations are changing as they strive for higher efficiency and greater transparency.  • Customers expect their products to be delivered to them and delivered to them fast. In order to uphold the speed of the delivery process, there are two essential things that businesses need to incorporate within their logistics system:  • Add transparency: By providing customers the provision to track the exact location of their product in the supply chain helps businesses garner trust and develop credibility. Customer want real-time traceability, which eliminates any sort of uncertainty and ambiguity from the process. Knowing where their product is makes the customers keep calm and trust their suppliers better.  • Subtract variability: Again, this is about establishing a trustworthy relationship between a business and their customers. Lesser the variability there is in the logistics cycle or supply chain, more is the certainty of product’s delivery date. This means that by taking out the variable part out of the logistics equation, businesses can very well build a reliable and dependable image. 

  4. The logistics tech 2020 • Digital is inevitable. However, the digital status of logistics is underwhelming. Only 28% of the logistics and transportation companies rated themselves as ‘advanced’ on digitization in a recent PwC study. As a matter of fact, 50% of the companies lack a digital culture and the required training to embrace the emerging technologies.  • IoT: It is expected that IoT technologies alone offer a $2 billion opportunity for the logistics industry. Real-time end-to-end product visibility, efficient last-mile delivery, inventory tracking and optimization, demand & supply synchronization – all these things become possible due to IoT. The advanced sensor and communication devices enable accurate tracking of assets and predictive maintenance, thus making smart warehouses a reality. Physical internet, based on IoT, supports efficient resource planning by improving supply chain transparency.  • Automation and AI: Autonomous vehicles, drones, robots, and droids are taking the load off the manual labors. With increasing data analytics power, the industry will be able to plan and execute more effectively. Intelligent, data-driven automated solutions minimize the possibility of errors and therefore, improve cost-efficiency of the delivery and surveillance processes.  • Read Full Blog at: https://www.cigniti.com/blog/logistics-next-gen-delivery/

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