Logistics 4.0 and The Next-gen Delivery Solutions

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Logistics 4.0 and The Next-gen Delivery Solutions

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Every business relies on flawless supply chain
and logistics management. At the end of the day,
everything boils down to the efficiency and
capabilities of logistics. As Sun Tzu once said,
The line between disorder and order lies in
logistics. The next-gen logistics and supply
chain market is projected to grow up to USD 75
billion in 2030 from USD 32 billion in 2019,
suggested a latest study conducted by LogisticsIQT
M.  E-commerce is growing, rather, exploding. It
is on a double-digit growth trajectory that does
not seem to plummet any time soon. Online
shopping has indeed become mainstream. Today, if
a business is not online, does it even exist! The
biggest and the most important reason for this
exponential rise is the narrowing timeframe
between the purchase and the actual receipt of
the goods.  The penetration of digital across
every segment and vertical has led to the rise of
Logistics 4.0. The Amazon effect is
disrupting logistics and the future of supply
chain. One-day and two-day deliveries are
attracting more customers and further increasing
the demands. Logistics, supply chain, and
transportation are getting completely transformed
because of two reasons first, the rising demand
elicited by the Amazon effect, and second, the
advancing technologies that bestow the abilities
to fulfill those demands.  In this blog, well
dive into the technologies that will have the
biggest role in the logistics transformation and
the emerging next-gen solutions that are
empowering deliverability of the logistics
industry. 
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Add transparency, subtract variability  Last-mi
le delivery is becoming a prime focus of
retailers and Etailers across the globe.
Businesses are centering their attention on
transporting a product from the source hub to the
hands of the customers. User convenience is, as
always, at play here. Customers expectations are
changing as they strive for higher efficiency and
greater transparency.  Customers expect their
products to be delivered to them and delivered to
them fast. In order to uphold the speed of the
delivery process, there are two essential things
that businesses need to incorporate within their
logistics system  Add transparency By
providing customers the provision to track the
exact location of their product in the supply
chain helps businesses garner trust and develop
credibility. Customer want real-time
traceability, which eliminates any sort
of uncertainty and ambiguity from the process.
Knowing where their product is makes the
customers keep calm and trust their suppliers
better.  Subtract variability Again, this is
about establishing a trustworthy relationship
between a business and their customers. Lesser
the variability there is in the logistics cycle
or supply chain, more is the certainty of
products delivery date. This means that by
taking out the variable part out of the logistics
equation, businesses can very well build a
reliable and dependable image. 

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The logistics tech 2020  Digital is
inevitable. However, the digital status of
logistics is underwhelming. Only 28 of the
logistics and transportation companies rated
themselves as advanced on digitization in a
recent PwC study. As a matter of fact, 50 of the
companies lack a digital culture and the required
training to embrace the emerging
technologies.  IoT It is expected that IoT
technologies alone offer a 2 billion opportunity
for the logistics industry. Real-time end-to-end p
roduct visibility, efficient last-mile delivery,
inventory tracking and optimization, demand
supply synchronization all these things become
possible due to IoT. The advanced sensor and
communication devices enable accurate tracking of
assets and predictive maintenance, thus making
smart warehouses a reality. Physical internet,
based on IoT, supports efficient resource
planning by improving supply chain
transparency.  Automation and AI Autonomous
vehicles, drones, robots, and droids are taking
the load off the manual labors. With increasing
data analytics power, the industry will be able
to plan and execute more effectively.
Intelligent, data-driven automated solutions
minimize the possibility of errors and therefore,
improve cost-efficiency of the delivery and
surveillance processes.  Read Full Blog at
https//www.cigniti.com/blog/logistics-next-gen-de
livery/

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