Digital innovation in logistics sector is the key to success

Digital innovation in logistics sector is the key to success

The past decade has brought about more changes in the logistics industry than in the whole of the previous century. The global logistics sector is in the midst of a transformational phase – accentuated by an exponential increase in e-commerce, massive technological disruption across the operations, and the Covid-19 pandemic. From cloud computing to collaborative robotics, big data analytics, artificial intelligence, and the Internet of Things, logistics professionals have had to make sense of wave after wave of disruptive technology, driving higher levels of digital maturity. Even as global e-commerce booms, blockchain continues to press as a significant supply chain and logistics enabler. A successful business in the logistics, supply chain domain has always been dependent on a high degree of collaboration and trust. In today’s dynamic world offering a mix of traditional and e-commerce, where artificial intelligence, machine learning, and digital supply chains are the name of the game, enabling and reinforcing trust at all levels – from a technology and human perspective – is critical to success. Particularly, artificial intelligence is critical to solve the most complex operational challenges in the logistics sector, like dynamic route optimisation, precise capacity & demand prediction, as well as intelligent physical automation.