Developments 2021 that can shake the logistics trade – ShoeMoney

In 2020 the world changed drastically.

Technological innovation, unstable economies, the Covid-19 outbreak, and the transition to a socially distant society have had a huge impact on supply chains. The logistics industry had to adapt quickly.

In 2021, things are likely to continue to evolve and change quickly. Read on to find out which logistics trends to watch out for this year.

Mobility and flexibility

As we saw in 2020, there are things that are out of our control that have a huge impact on supply chains. The main example was the Covid-19 outbreak. This global pandemic disrupted mobility and connectivity everywhere.

As the World Bank Vice President for Infrastructure pointed out, mobility and flexibility were essential in responding to the pandemic. This enabled the logistics industry to adapt and make the necessary changes as quickly as possible in order to continue operations. You can Learn more about the World Bank view here.

This focus on mobility and flexibility is expected to continue through 2021 and beyond, allowing the logistics sector to remain robust and adapt to any social or environmental change.

The last mile

This affects the movement of goods, most likely from a warehouse or distribution center to the final delivery destination. This can be inefficient and costly 50% or more of supply chain spending.

These inefficiencies need to be addressed in 2021 to reduce delivery times and costs. Mobility is

This can be achieved through the introduction of electric or hybrid vehicles. Electric vehicles are becoming increasingly popular; in 2019, more than 2 million were sold.

There is also the possibility of increased use of drones. This would avoid delivery delays due to traffic jams and allow goods to get to remote areas quickly and easily.

The Internet of Things (IoT)

The IoT has seen the development of physical devices that monitor and transmit data over the Internet without human intervention. That means almost anything can be connected, making every step of the supply chain more visible and transparent.

That means people don’t have to take the time to enter this information. Instead, this happens automatically via the Internet, so that employees in the logistics industry can focus their attention and energy on value-adding tasks.

For example, deliveries can be tracked live. This means that if the shipment tracking shows that the goods have gotten stuck at a certain stage, someone can quickly intervene to solve the problem.

Artificial Intelligence (AI)

AI (and machine learning) will become increasingly important in 2020 and our new socially distant society.

Self-driving AI can lead to automation of delivery. Products and goods can be delivered by AI machines. This makes the process faster and more efficient, and human employees can devote themselves to other tasks.

AI-based forecast solutions can accelerate, simplify and plan supply chain processes. AI can potentially notify employees when inventory is running low. The necessary actions can then be taken to ensure that the supply chain is delivering the goods it needs.

AI-based cognitive automation technology can also handle administrative tasks. This automation reduces the risk of human error and means employees can focus on other issues that need to be addressed.

robotics

The use of robotics can increase the speed and accuracy of supply chain processes. Robots work with humans to increase efficiency and productivity. Robots will likely become more readily available and used in the course of 2021.

Physical robots can, for example, pick and transport goods in warehouses and storage facilities. Meanwhile, software robots can perform repetitive and everyday tasks. This means that human employees can spend their time and energy on other tasks, which increases overall productivity.

Logistics trends for 2021

Changes from 2020, the reality of 2021 and the advancement of technology will have a massive impact on logistics trends this year.

The logistics industry must adapt to these changes and requirements in order to ensure sustainable business success.

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