How 5G Networks Will Create a New Era of Connected Logistics

How 5G Networks Will Create a New Era of Connected Logistics

Since its introduction, 5G has quickly become the hot topic of every industry, and for good reason. By 2025, 5G networks are expected to cover one-third of the world’s population, and a 5G economy study found that by 2035, 5G could potentially enable up to $13.2 trillion worth of goods and services and create up to 22 million new jobs.

But what exactly is 5G, and why is it going to make such a difference in the way the world works? You might remember that with 3G, or the third generation of cellular technology, mobile data has been pushed forward, and 4G brought in a new era of mobile broadband. Now, 5G — the fifth mobile generation — will usher in the highest mobile connection speeds and lowest latency rates ever recorded. The new levels of connectivity created by 5G have the potential to impact nearly every industry, making fully-remote healthcare, smart cities, digitized logistics, and more into a way of life.

FedEx Surround – It Is All About Microsoft vs. Amazon but the Winner Is…. Logistics

FedEx Surround

In May 2020, the CEOs of FedEx and Microsoft announced a partnership aiming to “revolutionize commerce”, “transform logistics”, etc. The aim of this initiative seems to be not only to enhance the capabilities of both parties but also to rival a common enemy. Dimitar Pavlov, Head of Business Development at Transmetrics, discusses the implications of the partnership as well as the hidden potential for the logistics industry.

Disrupting Route Optimization: Last Mile vs. Line Haul

Route Optimization

In 1959, American mathematicians George Dantzig and John Ramser proposed a question: “What is the optimal set of routes for a fleet of vehicles to traverse in order to deliver to a given set of customers?”

We’ve come a long way in the past 60 years in solving this problem. While other mathematical questions remain unsolved, Dantzig & Ramser’s Vehicle Routing Problem lies in the core of the modern route optimization algorithms. Moreover, these changes are not just theoretical – companies with more optimal route times could cut overhead, idle time, delivery costs, and save on fuel, all while reducing delivery times across sectors.

Route optimization’s major benefits depend, at the highest level, on whether you’re refining last-mile or line hauling operations. Let’s look at how this works in each of these two sectors that reveal the power of optimization – but first, a primer on the terminology.

The Future of Fleet Optimization

fleet optimization

While innovations in data and technology solutions have the potential to completely transform fleet management operations, a whopping 85% of shippers and consignees believe their industry is still lagging behind others when it comes to implementing these new technologies. Meanwhile, the logistics companies who have been early to embrace tools like artificial intelligence (AI), predictive analytics, and Internet of Things (IoT) devices are realizing high ROI and improved efficiency for their businesses. Now, digital enterprise tools are becoming central to the monitoring, analyzing, and execution of sustainable fleet optimization.

Logistics Data Standards: Challenges and Benefits

logistics data standards

Just a few short decades ago, it was nearly unimaginable that we could ever turn vast amounts of data into actionable information for logistics providers around the globe. But fast forward to today, and data has become the cornerstone of any modern logistics operation. Improved operational efficiency, last-mile and real-time route optimization, strategic network and capacity planning, customer service improvement and more product innovation are just a few of the major benefits now easily produced by a data-driven business. 

There are both pros and cons that come with this access to massive quantities of information: While this data has the potential to inspire exciting business transformation, it’s often more difficult for logistics organizations to sort through it to discern what’s useful and what’s not. If your company has piles of data in various formats and systems which aren’t being used to create actionable insights, its storage will only become useful when a data-driven solution is implemented later on. This is why many organizations are starting to rely on industry data standards, which dictate how data should be recorded, stored, and shared. Standards may vary by industry, but the governing principle is that any crucial information must be exchanged in a common format that makes collaborating and extracting insights simple and straightforward.

10 Best Logistics Blogs You Should Follow

10 Best Logistics Blogs You Should Follow

When you are looking for news and expertise in logistics technologies and companies, where do you typically go? The truth is, there is such a big influx of articles and “expertise” that it can be difficult to find the relevant, actionable, and most importantly, up-to-date articles on logistics.

While logistics and supply chain publications with relevant information certainly exist, some of them are locked behind a paywall, making it hard to easily access valuable industry insights. Luckily, there are plenty of free logistics blogs that are just as valuable and filled with expert interviews, latest industry news and opinions, product highlights, and so much more. In this article, we have decided to make a list of the high-quality logistics blogs to help you get the information and news you need — without wasting any time or effort.

Technologies Disrupting Logistics Order Fulfillment

Technologies Disrupting Logistics Order Fulfillment

Today’s logistics providers are, by now, all too aware of the fact that e-commerce business is booming: Online sales are estimated to take up 24% of total sales by 2027. This rapid growth has, in turn, created huge challenges for order fulfillment and reverse logistics in recent years. Companies have been forced to redesign their warehouses and distribution centers in order to meet consumers’ demands for fulfilled orders as quickly as possible. These days, if a supplier can’t keep up with the quick shipping needs of consumers, it’s all too easy for those consumers to simply switch to a competitor who can meet their needs.

How to Improve Reverse Logistics in an Era of Free E-Commerce Returns

How to Improve Reverse Logistics in an Era of Free E-Commerce Returns

We are living in the era of e-commerce, which, as it turns out, could be both beneficial and challenging for today’s businesses. With online shopping more popular than ever before, RBC Capital predicts online sales will account for 24% of total sales by 2027. As free online shipping has become the predominant practice for e-commerce businesses and even brick-and-mortar stores with an online presence, consumers have been experiencing increasingly better customer service. Yet, e-commerce businesses are more strapped for resources than ever as they must ensure that all aspects from purchase to return are seamless and smooth.

The Evolution of Delivery Drones in Logistics

delivery drones

Over the past decade, drones have evolved from an underdeveloped pipe dream to being on the cusp of its own mainstream logistics sector. Drones, known more formally as Unmanned Aerial Vehicles (AEVs), are small, autonomous robots that can be controlled either remotely or by following an internal flight path on its own.

Let’s take a quick look at how drones have evolved in recent years. While drones have been used for military purposes for decades, the first US commercial drone permits were issued by the U.S. Federal Aviation Administration back in 2006, allowing drones to be flown for business purposes for the first time ever. Just a few years later in 2010, French startup Parrot released the Parrot AR Drone, the first drone to be controlled by Wi-Fi and smartphones — a huge step for drone development for both consumers and businesses. In 2013, Amazon swooped in with its concept for a drone-based delivery system, although the company is still yet to release details on when it will actually start making large-scale commercial shipments via drone. In 2016, DJI released its Phantom 4 Drone, the first to incorporate machine learning technology to intelligently track objects in place of following a GPS signal or programmed route. This brings us to today’s drone climate, with dozens of new drone startups popping up worldwide in an effort to bring drone delivery to everyday life.

Applying Digital Twins in Logistics

Digital Twins in Logistics

Continual advancements in the logistics industry have created new opportunities for disruption, but one of the most intriguing comes in the form of digital twin technology. If you haven’t yet heard about this innovation, there is no doubt it will be spoken about as one of the most popular logistics trends of 2020.

If you’re not already familiar with the concept, let us explain: Traditional computer modeling of parts and machines doesn’t currently take into account the way in which parts wear out and are replaced; how fatigue accumulates within different structures, or how often owners make modifications to adapt to their changing needs. However, the advent of digital twins technology is changing this process drastically: Parts and structures that were once inaccessible by computer models are now able to be included in the digital world, allowing us to engage with the digital model of a physical object or part just like we would with their physical counterparts. This means that any changes made to the physical object are now also reflected in the digital model — something that was never possible in this manner until now.