Augmented Intelligence for Logistics Planning

Augmented Intelligence for Logistics Planning

Augmented Intelligence for Logistics

This article is based on the presentation by Asparuh Koev, Founder and CEO at Transmetrics, at the “Logistics meets Innovation” conference. The topic of the conference was “AI in Logistics: from Theory to Practice” and you can read the full overview of the event here: “AI in Logistics: from Theory to Practice” – Transmetrics’ Conference Summary.

Artificial Intelligence (AI) is already a widespread term in logistics, thanks to the implementation of exciting AI technologies like automated warehouses by Amazon, autonomous trucks by Einride, drone deliveries by Zipline, last-mile delivery robots by Starship, and more. These are the types of technologies that can potentially replace some manual jobs that don’t require complex skills (e.g. warehouse sorting, last-mile delivery person, truck driver, etc.).

However, the situation is different when Artificial Intelligence is used to deal with high-skilled positions like logistics planners. That’s where Augmented Intelligence enters the scene. By combining human intelligence with AI, companies can save time, reduce operating expenses, and eliminate manual errors, while human employees can focus more on analytical and complex duties. In this article, we will uncover what exactly Augmented Intelligence is and how it can enhance logistics planning capabilities.

How Predictive Analytics is Transforming Logistics and Supply Chain

How Predictive Analytics is Transforming Logistics and Supply Chain

Predictive Analytics

In an industry where time and resources can make or break a company’s bottom line, predictive analytics is no longer just a helpful bonus feature to have in logistics; it’s a necessity. The modern logistics market is more demanding than ever before: businesses across the supply chain are now expected to easily adjust to shipment patterns, predict customers’ buying behaviors, provide on-time deliveries through the most efficient routes possible, and reduce the risks of cargo inventory errors and miscalculations.

However, the introduction of predictive analytics is helping logistics and supply chain companies meet these increasing demands. In fact, the logistics industry has identified predictive analytics as having the biggest impact on the supply chain this decade. This movement towards anticipatory logistics is already widely accepted among industry decision-makers: A study by the Council of Supply Chain Management Professionals revealed that 93% of shippers and 98% of third-party logistics firms feel like data-driven decision-making is crucial to supply chain activities, and 71% of them believe that big data improves quality and performance. 

So what exactly is predictive analytics, and why has it become so important in logistics and supply chain? Predictive models use historical and transactional data to identify patterns for risks and opportunities within a particular set of conditions, which helps to guide decision-makers and anticipate specific future events. A predictive solution can serve a wide array of different needs but brings the most value when it’s tailored to a particular type of operations and based on a set of rules and restrictions made for that specific operation. These solutions can bring benefit to different levels, from a single warehouse to even an entire supply chain.

In this article we will go over a wide variety of predictive analytics use cases in logistics; deep dive into the predictive solutions developed by such logistics giants as DHL, Maersk, and UPS; and talk about the best predictive analytics tools offered by logistics startups.

“AI in Logistics: from Theory to Practice” – Transmetrics’ Conference Summary

“AI in Logistics: from Theory to Practice” – Transmetrics’ Conference Summary

“AI in Logistics: from Theory to Practice” – Transmetrics’ Conference Summary

One of the most exciting aspects of Artificial Intelligence (AI) in logistics is that there is a huge number of applications impacting the industry ranging from data cleansing, demand forecasting and price optimization to autonomous trucks, last-mile delivery robots, and more.

With the ongoing evolution in supply chain digitization, more companies are already trying to implement AI-driven technologies into their operations in order to become more efficient and cost-effective. 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 higher profit margins.

That is why Transmetrics decided to make the focus of this year’s conference on exploring both the basics of AI, machine learning and data science, as well as successful use-cases to show how some of the logistics industry innovators are getting benefits from AI already today. The fourth Logistics meets Innovation conference took place in Brussels on May 28th, 2019 on the Vlerick Business School campus. The event gathered 50+ senior executives from logistics and supply chain companies including Amazon, DHL, ECS, Kuehne + Nagel, LKW Walter, Lufthansa Cargo, NileDutch, Panalpina, Pfizer, Novartis, and many others.

Artificial Intelligence in Logistics: Two Approaches to Improve Planning

Artificial Intelligence in Logistics: Two Approaches to Improve Planning

Artificial Intelligence in Logistics: Two Approaches to Improve Planning

The real-world use cases of Artificial Intelligence (AI) are expanding rapidly: from e-commerce to healthcare to security and fraud detection, AI seems to have something to offer virtually for every industry. It’s a bit surprising that AI’s potential hasn’t become more realized in core logistics operations, but that time is fast approaching.

To best leverage AI in logistics operations, decision-makers need to understand the basics. Best to start with the two AI approaches with the potential to bring the biggest impact on logistics.

How to Solve Empty Container Repositioning Problem with Technologies

How to Solve Empty Container Repositioning Problem with Technologies

Empty Container Logistics

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.

Digitalizing Post and Parcel: A Peek Into the Future

Digitalizing Post and Parcel: A Peek Into the Future

Post and Parcel

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.

How Artificial Intelligence Can Improve Sustainability in Last-Mile Delivery

How Artificial Intelligence Can Improve Sustainability in Last-Mile Delivery

Sustainability in Last-Mile Delivery

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.

Best Logistics Articles of 2018 from Transmetrics Blog

Best Logistics Articles of 2018 from Transmetrics Blog

Best Logistics Articles 2018

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 Evolution of Artificial Intelligence in Logistics

The Evolution of Artificial Intelligence in Logistics

AI 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 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: