The logistics industry around the globe is going through a technological revolution. Considered to be one of the world’s oldest industries, logistics has been among those industry verticals that were a bit hesitant to exploit the power of newer technologies. But, over the years, things kept on changing, and today this industry is going for a complete modernization with a feeling of retribution and vengeance. Today, almost all aspects associated with the industry right from container tracking to insights into container lead time and port lead time have been put on automation. Also Read: Variable Speed Signs And Standard Signs
Each aspect undergoing a technological facelift
Today, the logistics industry across the globe is going for innovative changes while exploring and implementing ultra-modern technology in all the areas or subdomains of the trade. Be it the process of knowing and evaluating container lead time, port lead time, or any other processes associated with ships, vessels, and allied services, everything is undergoing a never-before technological facelift. The efforts of some new startups occupied in hi-tech solutions are also fanning the digitization regimen of the logistics industry.
Laying stress upon harnessing the new-age technologies
The contemporary logistics industry is laying stress upon harnessing the new-age technologies to create an environment wherein import and export business operations can be carried out with increased safety, efficiency, and more productivity. With container lead time, port lead time, and many other aspects already on automation. Some of the technologies that have entered the orbit of today’s logistics industry include the following:
- Artificial Intelligence (AI)
- Machine Learning
- Internet of Things (IoT)
- Augmented Reality.
While numberless changes are occurring in the global logistics industry – all significant from the technological perspectives, this blog sheds light on some of the most important ones:
Robots resulting from mechatronics (a branch of mechanical engineering) have entered almost all types of industries today, and the logistics industry is also no more an exception. Various institutions and organizations occupied in research and innovation for automobile, transportation, and technology sectors are also striving hard to design and develop robotic solutions that can play a very positive role in better shipment management, safety protocols, servicing as well as inspection areas.
The firefighting robots being designed and developed by the United States Navy Research Labs are the finest example of the penetration of robotics in the shipping industry. Fires on logistics ships are the most common occurrences that can severely damage not only the cargo on board but also the environment as well as human life. While such unfavorable incidents on the sea are not possible to avoid completely.
In a world where we have everything smart around us including smartphones, smart homes, and even smart cities, the need for smart ships cannot be considered alienated. Smart cargo ships are no longer a distant dream, and soon they will be on the sea as independent entities power-packed with smart features and tech-savvy attributes. Yara Birkeland is an autonomous 120 TEU container ship that is under construction and due to be launched soon.
Such hi-tech and automated ships will give a never-before technological facelift to the global logistic industry. These ships will not only bring in a remarkable improvement in productivity and efficiency but also goods carrying capacity. Since the shippers will be managing these smart ships remotely.
There will be no fears and apprehensions concerning the loss of human lives and other premium assets. On the whole, just like shippers can evaluate container lead time and port lead time, and many other aspects remotely, smart ships will also provide them with the ease of remote manageability.
Today, blockchain is the most sought-after technology that a large number of industries are exploring and implementing to ensure safe and sound transference and storage of their high-value data. Not lagging behind, the global logistics industry is also all set to explore. And implement blockchain technology not only to integrate the supply chain throughout. But also to add more efficiency to all the processes involved.
By making use of blockchain technology, the shippers will be ensuring the transference of huge data easily while tracking. And tracing their vessels in real-time by the moment they reach their final destination in a safe and sound state. Additionally, blockchain technology will also help them in a better evaluation of the container lead time and port lead time.
Augmented reality (AR) is yet another technology that can prove to be very significant for the logistics industry. When implemented duly, augmented reality (AR) can help shippers with:
- Effective and efficient optimization of cargo panning
- Better management of inspection and maintenance-related aspects
- Establishment of better connectivity between the global teams
- Creation of awareness about the industry among people who are not part of it.
Let’s get clearer about it by an example. Any individual who is not part of the logistics industry rarely visits a port to see a cargo ship. With augmented reality (AR) in place, the outsiders can also be provided with a comprehensive view of the industry.
Port360, a virtual tour of the Port of Rotterdam can be a perfectly citable example here in which Augmented Reality (AR) is utilized not only for connecting people hailing from diverse backgrounds with the business but also for enlightening those who are clueless about how the logistics industry operates.
The technological changes the global logistics industry is undergoing these days are not only reviving this one of the world’s oldest industries. But also comforting those occupied in it with huge investments and resources. The ongoing period can be termed as the rebirth of the logistics industry for sure.
With a complete technological facelift, all aspects associated with it are undergoing automation providing the shippers not only with the ability to better streamline their business operations but also to evaluate other processes including container lead time and port lead time.