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Logistics Management

Logistics industry has been slowly starting digital transformation as e-commerce has a significant increase during the pandemic and foresee to continue even after the pandemic due to habit changing and e-commerce trend. Currently, traditional selling in supermarkets and physic stores decreases, so logistics department and activities should be changed, adapting to new conditions and trends. The industry will be invested in digital and technology innovation, accounting for $1.72T by 2025 if it wants to survive. Innovation in logistics support to the flexible process, automation and maintain logistics in the market through smart devices and machines, social and business tendency and technology upgrading. As some logistic companies are successful and exist until now, they enable to reduce cost and increase revenue by adopted Artificial Intelligence. There are several trends in innovation that logistic companies should take into account such as Hyper Automation, Elastic Logistics and Green Logistics.

How technology advancement impact on innovation in logistics? In the technological era, every operation in life need technology to adapt to new environment and to catch new trends. Its power is covered in relation to the effective level of development in all industries. Top technologies will be becoming a priority in logistics such as Data Analytics, IOT, Cloud Computing, Drones etc. IOT solution helps the companies improve transparency on real time tracking, delivery, inventory management, storage conditions and so on while cloud computing helps consolidate analytics which decentralize data collection and accessibility and escalate based on market demand and situations. Furthermore, Artificial Intelligence (AI) and Machine Learning are good choices for applying them within the industry. According to recent statistic, AI in logistics assists to increase the profit of 10% per year, it seems to be saved time and money in future in market leaders’ opinions due to AI adoption. This positive effect is explained to the usage of AI in logistics, thanks to AI, companies enable to recognize the problems, have proper solutions then enhance operation functionality. Last but not least, Robotic Process Automation (RPA) is also adopted in logistics, its duty is to support in warehousing as well as offloading of inventory.

Upgrading technological advancement and considerable affordability bring humans precious value in operation and management. Innovation in logistics is indispensable for companies in order to survive in the huge market and assist humans to save time and money for other challenging tasks then building strategic plans for the sustainability of the industry and a better world of serving physical and mental health of human beings.