Welcome to the November 2018 issue of “Across Logistics” Innovation News Release, where we are presenting you the latest innovative technologies and important news in logistics that happened over the past month.
Every month we select one logistics startup which represents a positive example of innovation in Logistics and Supply Chain and has the potential to alter the way the industry operates. This month, Transmetrics selected FreightBro, the easy-to-install platform for freight forwarding digitization, as the November “Logistics Startup of the Month” for its outstanding approach to innovation in Freight Forwarding.
In order to learn more about FreightBro and what they do, we talked with Raghavendran Viswanathan, CEO of FreightBro, about their business and how it digitizes the freight forwarding operations.
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.
Robots, automation, computation, wearables: warehouses are no longer big storage spaces. Technology has invaded the warehouse to significantly improve efficiency and speed, and it was only a matter of time. Think about it: online spending is up 15.9 percent year-on-year. That is many more orders and fulfilments, and gigantic operations such as Amazon or DHL would simply not be possible without smart, tech-based techniques.
Warehousing is the act of storing goods that will be sold or distributed later, and several major elements of this important supply chain step can be disrupted by technology. The first obviously, is robotics. Along with humans, it is also robots roaming around distribution and fulfillment centers. Including automated conveyors and equipment that assists staff with faster fulfillment processes, robotics is fundamentally changing the way warehouses operate. The second big element is how the warehouse space is distributed – it should be easy for everyone to access it and this is where on-demand warehousing comes into play.
However, there are many more ways technology can improve the operations in warehouses. Machine vision, wearables, and smart platforms can enhance the work experience while also bringing safety and helping employees to take more proactive and data-driven actions.
The following are some of the best and brightest warehousing startups that are focusing on efficiency, technology, and automation:
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