Container shipping transports 95% of all manufactured goods around the world. It is the industry that underpins the global economy – the quantity of goods carried by containers has risen from around 102 million metric tons in 1980 to about 1.83 billion metric tons in 2017, which is now worth over $4 trillion of products.
Wondering what’s ahead in the Post and Parcel industry in the next few years? Autonomous Vehicles delivering packages… robots handling warehouse tasks… IoT making the operations smoother… data analytics for managing contingencies… It all may sound a bit futuristic, but companies are already pushing the limits by bringing these concepts closer to reality.
The rise of the eCommerce and the growing demand for returns are driving exponential growth in the Post and Parcel industry. Trying to secure a niche in the market while adapting to ever-changing consumer behavior may seem overwhelming. But companies have a potent toolkit at their disposal: namely, digital technologies. The way Post and Parcel companies use artificial intelligence, IoT, robots, and other innovations will determine their relevance in the future.
Major industry players already get it: the digital disruption is an opportunity, not a threat. Forecasts tend to agree: Accenture found that Post and Parcel organizations could on average create more than $US500 million in annual value if they incorporate advanced digital technologies.
Modern technology and logistics infrastructure have made sending a package anywhere in the world easier than ever imagined. The most visible part of logistics – the last mile – is as important as ever, and yet it continues to be complicated.
In major cities, commonplace obstacles like road closures, construction, heavy traffic, and even parking restrictions make the last mile remarkably time- and energy-consuming. For example, London recently announced the expansion of its ultra-low emission zone, making the deployment of last-mile delivery vehicles even more complicated for logistics companies. On the other hand, in more remote areas, the infrastructure (or lack thereof) as well as a low volume of deliveries often render the logistics excessively inefficient.
2018 was rich for the discussions about logistics innovations. The industry demonstrated its readiness to move forward and try out new technologies in order to solve the long-going challenges of inefficiency, under-utilization of logistics assets, and limited capabilities of the IT infrastructure.
AI and Big Data, Autonomous Transportation, Blockchain and Predictive Logistics were just a few topics covered by Transmetrics Blog in 2018. The following articles proved to be the most engaging in 2018 among our readers.
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.
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:
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:
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.