1. The document discusses innovations in logistics including artificial intelligence, augmented reality, automation, autonomous vehicles, big data analytics, blockchain technology, cloud computing, computer vision, crowd shipping technology, elastic logistics, geolocation technologies, internet of things, last-mile delivery, on-demand warehousing, robotics, and drones.
2. It explains how each innovation can improve logistics operations by enhancing visibility, optimizing processes, reducing costs, improving efficiency, and enhancing the customer experience.
3. Key innovations include using artificial intelligence and machine learning to improve demand forecasting, automation to reduce manual labor and errors, and data analytics to optimize routes and resource allocation.
3. Logistic innovations are constantly
evolving and new technology is
moving fast to support on-demand
logistics needs. It refers to the new
technology, new services, new
processes, and new ideas, which are
used for improving logistics
operations. And it represent changes
and improvements in logistics
4. A lot of innovation in logistics has to
do with processes and operational
improvements. The best innovations
will not only make your operations
run more effectively but also make
your team happier. In the end, it is
your team that is performing the
actual processes. They say that if
you're not growing you're dying.
5. Why Innovation in Logistics
is Important?
Innovation in logistics means a whole lot of
things. New inventions, new technology, new
processes, and even new roads. Over the years
there have been many innovative milestones,
each one making the world more connected.
Everything from the invention of reefer trailers
to the development and implementation of new
systems. There are always new ways to make
6. Innovation helps logistics by improving
visibility in almost every aspect which leads
to better management overall. Another big
innovation in logistics has been using data
to a much greater extent. There are always
new innovative ways to use data in business.
In logistics, it’s all about using it to find new
insights that will help you and your partners
8. 1. Artificial Intelligence (AI)
Artificial Intelligence or AI is
genuinely everywhere. It is no
longer a thing of science fiction of
the past but a reality. In a highly
dynamic industry like logistics, AI is
more of a necessity than an
innovation. AI combined with
Machine Language (ML) allows
logistics companies to be proactive
in dealing with demand and supply
variations.
9. 2. Augmented Reality (AR)
Augmented Reality is a mixture
of virtual and real worlds
capable of simulating real-world
scenarios with extreme
precision. AR is beneficial in
cargo loading, last-mile delivery,
optimizing traffic, and
assembling products. Another
promising aspect of Augmented
Reality is enhanced customer
service. Customers can scan
10. 3. Automation
Potential
Logistics involves many
monotonous, time-consuming tasks
that don’t use human ingenuity.
Automation will reduce manual labor,
free up time for the employees to do
more productive work, and
significantly cut costs. This
technological innovation makes
everything smoother for logistics
companies. The power of automation
can eliminate the errors caused by
11. 4. Autonomous Vehicles
As the name suggests,
autonomous vehicles are vehicles
capable of operating
independently. Autonomous
vehicles reduce transportation
costs, optimize freight shipping,
and enhance product delivery.
Autonomous vehicles could work
24 hours a day and boost
productivity. Moreover,
automation can nullify human
12. 5. Big Data Analytics
Big Data refers to the aggregation
of data obtained from monitoring
factors such as weather, position,
traffic, etc., that determine a
logistics operation. Big Data
Analytics significantly improves
warehouse productivity and
performance and optimizes
logistical resources. Logistics
companies can use Big Data to
decide the best delivery routes
and achieve better fleet
13. 6. Blockchain Technology
Blockchain technology helps
decentralize the logistics industry
and thus eliminates the need for
third parties to verify the
transactions. The decentralized,
distributed model in logistics
eases the intricacies present in
global trade. Blockchain
technology improves the
transparency and traceability of
supply chains. As a result,
logistics operations have become
14. 7. Cloud Computing
Cloud Computing helps
businesses access, modify,
administer, use, and exchange
data from different locations.
Specific logistics software
facilitates cloud computing.
Cloud computing can
significantly make your
business global. Also, it allows
you to minimize IT
infrastructure expenses.
15. 8. Computer Vision
Computer vision is a field of
Artificial Intelligence that makes
computers “see” the world
around them. Computer vision
can replace traditional barcode
scanners to get a more efficient
billing setup. Computer vision will
be a hyper-productive catalyst in
an industry like logistics, where
bills increase with each passing
hour.
16. 9. Crowd Shipping Technology
Crowd shipping technology
assists in delivering a large
number of goods faster. Crowd
shipping technology uses a
network of local couriers to
enable last-mile delivery to
customers. It's most prevalent in
digital platforms as it makes it
easier for both online brands and
customers. It mostly comes with a
tracking option, allowing
17. 10. Elastic Logistics
Elastic logistics refers to the
flexibility in the entire supply
chain to adapt to the
fluctuations in supply and
demand. A new market trend
may change the demand for
your products. Elastic logistics
solves the problems of
overstocking, smaller
warehouse space, and
underutilization of containers
18. 11. Geolocation Technologies
Geolocation technologies allow
companies and customers to
know the location of the
products and track orders.
Knowing the delivery progress
satisfies customers and results
in fewer customer care queries. A
logistics company can better
optimize its supply chain with the
real-time status of its products in
transit.
19. 12. Internet of Things (IoT)
Internet of Things refers to the
objects capable of monitoring,
controlling, and transferring data
through the Internet. The IoT
considerably enhances supply
chain transparency by enabling
communication between
departments. IoT is a game-
changer for logistics management
as it improves the efficiency and
real-time monitoring of goods,
20. 13. Last-mile Delivery
Last-mile delivery is a great
innovation to enhance
customer satisfaction.
However, it can be costly. Use
effective shipping strategies
to minimize additional
expenses. By implementing
last-mile delivery, you can
elevate the customer
experience. The sooner
customers receive packages,
21. 14. On-demand Warehousing
On-demand warehousing is
tailor-made for people with
temporary needs. On-demand
warehousing allows companies
that need storage to connect
with other companies with
excess storage capacity. Its
fast and flexible nature
provides an affordable
fulfillment solution to
companies in need of storage.
22. 15. Robotics and Drones
Robotics can help warehouse
automation and enhance pickup,
delivery, and distribution
processes. With the aid of logistics
software, companies can
implement them in their business
processes. Drones are a great
addition to logistics providers as
they can reach anywhere. Logistics
companies can use them alongside
traditional transportation methods
24. QUIZ:
I. TRUE OR FALSE
1. Innovation in logistics means a whole lot of things.
2. AR is beneficial in transportation costs, optimize freight
shipping, and enhance product delivery.
3. Last-mile delivery is a great innovation to enhance
customer satisfaction.
4. Logistic innovation refers to the new technology, new
services, new processes, and new ideas.
5. Robotics are a great addition to logistics providers as
they can reach anywhere.
25. 6. Innovation helps logistics by improving visibility in almost
every aspect which leads to better management.
7. AI combined with Machine Logistic (ML)
8. Another big innovation in logistics has been using
technology to a much greater extent.
9. Automation will reduce manual labor, free up time for
the employees to do more productive work.
10. Cloud computing allows you to minimize IT
infrastructure expenses.
26. II. Enumeration
11. It represent changes and improvements in logistics
services.
12. It improves the transparency and traceability of supply
chains.
13. It can replace traditional barcode scanners to get a
more efficient billing setup.
14. It refers to the objects capable of monitoring,
controlling, and transferring data through the internet.
15. It allows companies that need storage to connect with
other companies with excess storage capacity.
27. 16. It could work 24 hours a day and boost productivity.
17. It solves the problem of overstocking, smaller warehouse
space, and underutilization.
18. It refers to the aggregation of data obtained from
monitoring such as weather, position, traffic, etc.
19. It allow companies and customers to know the location of
the products and track orders.
20. It assists in delivering a large number of goods faster.