It was only a matter of time until blockchain hit the logistics mainstream. The technology’s ability to record transactions between parties permanently and securely has a multitude of uses in logistics which are only now starting to be realized. But blockchain is being realized and in a major way by some of the world’s largest companies including Maersk, Microsoft, Alibaba, and Amazon. That’s a lot of money getting in on the blockchain action, and why wouldn’t they? The World Economic Forum estimates the integration of blockchain reduces the supply chain barriers to trade, giving businesses the potential to increase sales by almost 15 percent and increase the global gross domestic product (GDP) by 5 percent.
Amazon’s warehouse is perhaps one of the prime examples of how human and machines can collaborate to improve work efficiency. Employees no longer have to roam around scanning each item or search for the missing bar-codes. There are robots with built-in cameras and QR readers to quickly identify items accurately.
IoT is making supply chain management less challenging and more efficient, providing companies an opportunity to expand beyond bounds. In fact, logistics is one of the primary sectors to embrace IoT with such an open heart. And why shouldn’t it? With the ability to improve operational efficiency and enhance revenue opportunities, IoT has the power to revolutionize the supply chain sector within the next few years.
From improving healthcare to suggesting what movies to watch, big data is being used to improve our lives on a daily basis. Accordingly, businesses across the globe — and across industries — have spent extensive amounts of their marketing budgets on using this data to gain expert insight into both their businesses and their customers.
Nowadays, we often come across the news about small and large tech companies entering the logistics market with an idea to improve some parts of it through the latest technology, which pushes the current logistics players to keep innovating in order to stay competitive. Although many companies claim that they will disrupt the industry, which is estimated to reach US$12,256 billion in Global Market Worth by 2022, only a few of them actually have the power to do so. During the last year, Transmetrics Blog mentioned several innovations from Uber and Amazon and discussed what kind of value both of the tech giants could possibly bring to logistics.
Nowadays, we don’t get surprised when we hear about yet another company building an autonomous passenger car. The driverless car trend is already upon us – from Ford to Volvo, and to Mercedes-Benz, most car manufacturers name 2020 as the year when fully autonomous vehicles will be ready for regular use. The cargo industry is slightly behind the trend, but just last week Tesla unveiled their long-awaited Semi Truck. Tesla Semi has the 800-kilometer range and enhanced autopilot features that allow it to drive itself on the highway, stay in its lane and keep a safe distance from the vehicles and other obstacles around. With more automation examples coming to the transport and logistics industry, it is really interesting to see how this technology is evolving. While in-land automation is already being discussed and tested by the major players in the industry, the large autonomous ocean vessels is a new promising trend in the maritime sector. We would like to thank Freighthub and Dr. Michael Ardelt for providing us with the following article on Autonomous Ships. Enjoy!
We would like to thank Ken Lyon and Transport Intelligence for providing us with the following piece about Blockchain and the challenges for its adoption in the logistics industry. Blockchain is a relatively new concept in the context of the logistics industry, and right now its full potential is yet to be uncovered for this
We would like to thank Dr. Yingli Wang and Dr. Stephen Pettit for providing us with this article from their book E-Logistics: Managing Your Digital Supply Chains for Competitive Advantage. The increasing volume and detail of information generated by organisations, social media and the Internet of Things (IoT) has led to an ‘explosion’ in
About the author: Lisa is living and breathing corporate innovation and startup acceleration for years. As an editor of the CODE_n innovation hub, she keeps an ear to the ground of the CODE_n community. She is the one who puts ideas into words – words into stories. As a pool of content, Lisa keeps all channels up-to-date