The timeline of past two decades indicates that logistics industry is continually evolving with state-of-the-art technology. Labeling this industry as one of the chief stakeholders of digital and smart technological advancement will not be an overstatement. Considering the technologies in pipeline, one finds that upcoming decade will be as revolutionary as the preceding and ongoing ones for innovation in logistics.
One factor that is mutual between every successful and persistently growing industrial leader is the utilization of advanced technologies. This fact pushes us to share the upcoming innovations which will further improve logistics industry.
Forthcoming Innovation in logistics industry
Researchers are bringing innovations in the industry for years. Although there are tons of devices and software systems, yet some of them have the capacity to make larger-scale impact.
The experts at Deliv Agent forecast following technologies to make significant influence in the logistics industry.
1. Augmented Reality for Improved Driving
Google Maps and Waze have incredible accuracy in locating a vehicle and finding routes. The GPS utilization enables these software systems to share locations with an error of not more than a meter.
Taking a step further, the drivers can have AR glasses which visualize a wide range of information on windshield. This information includes current speed, remaining distance, estimated arrival time, and distance from nearby objects while parking.
Besides, the screen may also share info about temperature of cabin, containers, and surrounding environment. Thus, the breadth of information can be as big as owners wish.
2. IoT for Vehicle Intercommunication
While traveling in platoons, trucks can ensure increased fuel efficiency by enabling connected acceleration technology. Using this feature, the leading truck controls the speed and braking system of rest of the fleet too.
This ability ensures a remarkable reduction in fuel consumption because the trucks can travel with lesser inter-vehicle distance. The smaller gap between every subsequent truck causes a far lesser frictional effect resulting in improved aerodynamics. Connected braking also increases safety by significantly minimizing human error.
This Innovation in logistics and supply chain management is optional for drivers. They can take over the control of brakes during inclement weather or another unusual situation.
3. Marketplace and Crowdshipping for Enhancing Efficiency
Empty trucks pose one of the major challenges of logistics industry. The trucks need to supply goods to distributors and retailers within the deadline. There are frequently occurring occasions when a considerable portion of vehicles remains unloaded. Besides, each vehicle has to cover the assigned docking points for unloading. Most trucks travel with mostly unfilled containers after unloading a major part of goods.
Technology provides a couple of solutions. First is to develop a marketplace of logistics companies. Various fleet owners can collaborate to outsource the task to another supplier with capacity. Without technology, this plan will be highly inefficient because managers will have to develop feasibility study before every trip.
With a purpose-built mobile app, managers can find out the remaining capacity and vehicle destination of other service providers. The exchange of goods can occur at cross docks or other places of mutual consensus.
The second solution is to enable crowdshipping. This approach is at the forefront of gig economy allowing common citizens to ship goods and earn money in return. A company can outsource the task of delivery to a citizen traveling to the destination of parcel.
Both marketplace and crowdshipping allow fleet management companies to ensure not only same day but same hour delivery too.
4. Blockchain for Instant and Safe Transaction
The transaction between manufacturers, distributors, suppliers, and retailers is often a cause of trouble. Each of them relies on third-party payment channels. The transaction authentication takes days because such a payment system is centralized.
Blockchain offers a distributed ledger technology which enables fleet owners to pay via cryptocurrency. The technology eliminates the need for centralized authority. The metadata including timestamp of each transaction gets stored in a block located in the decentralized mesh.
Every new transaction between two same entities adds another block which is connected with the previous block. Stakeholders can access entire transaction history at any time. Blockchain has remained an innovation in logistics for 2018, and it is likely to go well beyond.
5. Automating vehicle rest schedule
It is a tough ask to maintain operational records of trucks. The managers have to ensure that trucks give uniform efficiency in terms of fuel consumption and tasks completed. However, the lack of effective management disallows maintenance of some trucks.
By employing new innovations in logistics, fleet owners receive the operational details of entire fleet on their mobile phones. If the underlying software offers interactive user experience, users can instantly determine the shortcoming in rest schedule. Besides, they can also redefine the schedule from anywhere in the world by their smartphones.
Moreover, managers can determine the dropped efficiency caused by inappropriate driving. Many fleet owners have already incorporated these technologies.
6. Reducing Carbon Footprint
Biodiversity preservation holds a crucial value in both B2B and B2C environments. Regulatory bodies also support the companies with decent track record toward reducing carbon footprint.
A technology enables mobiles with IoT devices to display amount of emitted carbon connected. This ability does not only assist in fulfilling social responsibility. It also allows fleet owners to enhance their reputation in the industry and become the primary choice of customers.
Deliv Agent – Your Logistics Innovation Partner
At Deliv Agent, we think a decade multiple years ahead to capacitate fleet management businesses with most suitable technologies. Our product offers a wide range of features to optimize your business efficiency. There are pre-built features including real-time route optimization and tracking, impregnable security, and separate panels for drivers, customers, and admin.
Moreover, you may scale up by increasing more features. Our cloud-based system frees you from worries of security, management, and system maintenance. Investing in our systems enables you to reduce costs and boost profits significantly.
Deliv Agent understands your concerns regarding the efficiency of software. Thus, you may evaluate the system by using the free trial before incorporating it. Let us innovate together!