The Evolution of Artificial Intelligence in Logistics

The Evolution of Artificial Intelligence in Logistics

AI in Logistics

This is the first article in a two-part series focused on the history and future of artificial intelligence in logistics.

AI in Logistics has come a long way. Who really could have imagined driverless cars, pilotless aircrafts or predictive capabilities other than from the pages of science fiction? But thanks to a whirlwind evolution of tech, AI has left the laboratory and evolved into an integral and ubiquitous part of our lives.

The industry knows it too, with Forbes Insights research showing that 65 percent of senior transportation-focused executives believe logistics, supply chain, and transportation processes are in the midst of a renaissance. Furthermore, a cross-industry study on AI adoption by McKinsey & Co. found that early adopters with a proactive AI strategy in the transportation and logistics sector enjoyed profit margins.

AI is here and it is here to stay. But how did we get here, and where are we going? Let’s dig a little deeper into AI and its evolution in the logistics sector.

10 Logistics and Supply Chain Events in Europe You Should Visit in 2019

10 Logistics and Supply Chain Events in Europe You Should Visit in 2019

10 Logistics and Supply Chain Events in Europe You Should Visit in 2019

Each year thousands of logistics and supply chain professionals are attending multiple supply chain and logistics events that are not only helping them to learn about the current industry’s best practices but also giving them the insight about the trends and technologies of tomorrow. Although each event has its highlights, unfortunately, it is almost impossible to attend all of the good logistics conferences due to the tight schedules, limited time and budget. In order to save your time, we made for you a list of 10 best Supply Chain and Logistics events happening in Europe in 2019.

We’ve selected the best conferences that have high-quality participants and provide you with actionable insights that make a real impact on your business based on the latest trends and technologies.

In case you want to stay updated about the topic of logistics innovations or receive updates about the logistics events in the future:

Amazon: Most Impressive and Futuristic Logistics Patents

Amazon: Most Impressive and Futuristic Logistics Patents

Amazon: Most Impressive and Futuristic Logistics Patents

There’s little debate that global E-commerce giant Amazon has shifted the perception of what is possible in logistics. Just look at the numbers: they are the world’s second-biggest company, shipping to 310 million active customers every year and hit an estimated valuation of $1 trillion this month – only the second ever company to reach this feat after Apple. And yet with that success and market-share, Amazon continues to stay ahead of the curve.

Case in point: Amazon’s patents. The US company has been lodging more and more patents every year, with almost 100 in 2017. These are patents with the simple aim of getting packages more quickly to customers. Their proposed methods, however – across air, land, sea and earth – are anything but simple. Here are some of the most impressive, futuristic and downright strange plans Amazon has for the oncoming decades of logistics:

Predictive Analytics in Logistics: Is Your Company Ready?

Predictive Analytics in Logistics: Is Your Company Ready?

Predictive Analytics in Logistics: Is Your Company Ready?

Amazon has long threatened traditional logistics companies with its advanced predictive analytics capabilities, sometimes even shipping products before customers place their orders. And now, legacy logistics companies are fighting to catch up. UPS, for example, is in the process of implementing a new predictive analytics tool that analyzes over one billion data points daily to estimate capacity, package volumes and customer demand.

Top 5 Technology and Innovation Trends Revolutionizing Trucking Now

Top 5 Technology and Innovation Trends Revolutionizing Trucking Now

Top 5 Technology and Innovation Trends Revolutionizing Trucking Now

Autonomous and electric vehicles, platooning, big data, integrated tech: trucking is sure not what it used to be. Smart solutions have inherently changed the way goods are transported around the world with analytics creating a more efficient supply chain – and the industry knows it. According to Supply Chain Management World research, 64 percent of executives think that big data and the insights it brings will have a disrupting power that can pivot the industry forever.

What Blocks the Full Potential of Blockchain for Logistics and Supply Chain?

What Blocks the Full Potential of Blockchain for Logistics and Supply Chain?

What Blocks the Full Potential of Blockchain for Logistics and Supply Chain?

“Blockchain” – one of the most popular buzzwords in logistics and supply chain industries these days.

During the first half of the year, we have seen UPS, BNSF Railway, GE and others joining the Blockchain in Transport Alliance (BiTA), which is putting efforts to develop the industry standards for blockchain. Meanwhile, IBM partnered with Maersk, the world’s largest shipping company, to establish their own blockchain joint venture.

But unfortunately, the progress is not as rapid as it seems. The logistics giants are testing the technology by backing closed, permission-based blockchain initiatives, which are bound to limit their effectiveness in the long-term.

10 Logistics and Supply Chain Events in Europe You Should Visit in 2018

10 Logistics and Supply Chain Events in Europe You Should Visit in 2018

10 Logistics and Supply Chain Events in Europe You Should Visit in 2018

Attending the best logistics and supply chain conferences can help your company learn about the industry’s best practices and stay ahead of the game. Even though each conference has its own strengths, unfortunately, it is almost impossible to attend all of the good conferences due to the limited time and budget. Moreover, it’s not always easy to decide which event is worth attending. We made for you a list of 10 best logistics and supply chain conferences happening in Europe in 2018. We tried to add the conferences that have high-quality attendees and are designed to make a real impact on your business, so that you can choose those that best fit your needs and your schedule:

Standing up to Amazon: Why Data Is the Key to Save the Logistics Industry?

Standing up to Amazon: Why Data Is the Key to Save the Logistics Industry?

Standing up to Amazon: Why Data Is the Key to Save the Logistics Industry?

As a means of cutting transportation costs from third party freight companies, eCommerce giant Amazon is rolling out its own fleets of air, road and sea vehicles. Amazon already boasts a 40 strong fleet of Boeing 767 aircraft, has registered for a license for sea freight and has had a patent approved for plans for a futuristic, high speed subterranean urban delivery system. The arrival of well funded, global tech players should set off warning alarms for traditional logistics companies, however, the real disruptive force isn’t from underground pipes, ships or planes. It is from effective use of data.

Survival of the Fittest: What can we learn from Amazon’s strategic prowess?

Survival of the Fittest: What can we learn from Amazon’s strategic prowess?

Survival of the Fittest: What can we learn from Amazon’s strategic prowess?

“I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve.” – Isoroku Yamamoto


 

This famous quote expressed by late Japanese General Yamamoto right after the Pearl Harbor attack is a great analogy to explain the Logistics industry today. More than 70 years later the fear of having awakened a sleeping giant is evident for executives inside incumbent transport companies.