News

Top Trends That Will Reshape Supply Chain And Logistics In 2021

Posted on by Hòa Hòa

The global logistics sector has had a remarkable decade. Because of digitalization and breakthrough solutions in supply chain and logistics, the industry has developed enormously over the years, and there have been substantial advances in logistics infrastructure globally.

Artificial Intelligence

Artificial intelligence (AI) is causing a revolution in the way packages are transported throughout the world. Many organizations have begun to use artificial intelligence (AI) in their logistics operations in order to improve speed, increase supply chain productivity, and reduce operational costs. AI will continue to alter the world of logistics in 2020 and beyond with novel services such as machine learning algorithms, enhanced geocoding capabilities, route optimization, demand forecast, warehouse automation, and more.

Real-Time Visibility in Supply Chain

Traditional logistics has a lot of blind spots in supply chains since they are multilayered. As cross-border commerce grows and online sales expand, traditional logistics systems are no longer adequate for tracking products as they move through the supply chain. Technology is closing these gaps by increasing openness and visibility at every level of the supply chain, from manufacturing through warehousing, transportation, and delivery.
More and more organizations are understanding the need of using smart technology to track the flow of commodities. Real-time freight tracking software, active tracking devices, sensors and location-based intelligence will dominate the logistics industry in the near future, enhancing supply chain visibility and improving customer experiences phenomenally.

Supply Chain Digital Twin

The idea of a digital twin has been around for a while. A digital twin is often a virtual duplicate of a real-world business process, model, or function. Network optimization is the way to go in today’s dynamic and highly competitive supply chain market.

Enterprises in the supply chain may use a digital twin to efficiently plan delivery routes and networks, prepare for issues before they arise, speed up operations, and even plan activities for the future. Digital twin technology will play a significant part in modeling new-age supply chains and optimizing logistical operations with maximum precision and little waste in the future years.

3PL Collaboration

If supply chains weren’t already complicated enough, the era of express delivery is about to make them much more so. Today, moreover 40% of goods are delivered the same day, compared to fewer than 5% four years ago. Convenience is the new king, and the desire for time-defined delivery and cargo monitoring is driving supply chain companies to collaborate with 3PL service providers and tech start-ups for efficient warehousing, packing, shipping, and last-mile distribution.

Green Logistics

Traditional logistics systems significantly contribute to carbon emissions and the disposal of toxic and hazardous waste. To assist reduce the environmental effect of conventional logistics operations, modern supply chain companies must embrace environmentally responsible and sustainable procedures. Companies all across the world will embrace green logistics in the next years.
Some green logistics strategies that supply chain firms are already doing include buying from ecologically responsible partners, minimizing energy usage in transportation, and reusing and recycling durable packaging materials.

Digitization and technology advancements will continue to redefine the supply chain and logistics landscape in 2020 and the years to come, streamlining every activity and transforming the way goods travel worldwide.

Rate this post
Hòa Hòa