The Indian logistics sector is at the cusp of transformation by eliminating all the inefficiencies and perennial issues to become digital savvy – in line with the global trend. When every other industry around the world is adopting digital technologies, the Indian logistics, supply chain and transportation sectors, however, are at their nascent stage of acquiring the fourth generation revolutionary technologies such as Artificial Intelligence (AI), Robotics, Internet of Things (IOT), Machine Learning (MI), 3D Printing, Blockchain and processes like Big Data Analytics etc. These 4.0 technologies are already reshaping the logistics landscape across the horizons. Companies like Amazon, Flipkart are either forcing or influencing other players to embrace to these innovative technologies to stay afloat. Emergence of e-commerce and exponentially growing consumer expectations towards quick delivery is squeezing the traditional logistics industry to become more elegant in efficiently handling their inventory, logistics and supply chain operations.
The technology once perceived as scientific fiction is now turning into reality in logistics industry. 3D printing, autonomous vehicles, delivery by drones were only imaginative in the past. But, all of them are slowly yet definitely becoming reality now. 3D Printing technology is helping manufacturing industry immensely by replicating all the specifications of a product for mass production. It will certainly cut down the supply chain and reduce cost of production while minimizing risks of safety etc.
Denne historien er fra January 2020-utgaven av Maritime Gateway.
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Denne historien er fra January 2020-utgaven av Maritime Gateway.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Impact Of Covid-19 On Shipping And Logistics
Industry stalwarts discuss threadbare the prevailing logistics and supply chain scenario and issues in clearing cargo during the COVID-19 lockdown
Digital Platforms Defy Lockdown
Digital trading modules such as eNAM are enabling farmers to move their produce from farm to market even during the lockdown
GARMENT TRADE TRAMPLED
As retailers face a shutdown in US and Europe, the cascading affect has caused mass cancellation of orders in Bangladesh
TRADE RESUMES WITH CHINA
While India has allowed uninterrupted movement of imports into Nepal even during lockdown, China is reopening its borders as it emerges from the pandemic
LESS HUMAN INTENSIVE, MORE DATA DRIVEN
AI provides transformational opportunity for logistics industry by improving customer experience, operational efficiency, faster turnaround time and lower cost while ensuring security and transparency. Macro environment requires industry to transform to be less human intensive, agile and data driven, all of which can be accelerated by AI adoption, shares Gangadhar Gude, Founder & CEO, atai.ai
SHAKEN AND STIRRED
The COVID-19 pandemic has partially paralysed the logistics and supply chain, but the industry is still deterred to ensure supply of essentials continues
TRADE STUCK, ECONOMY SLOWS DOWN
Sri Lankan economy slows down as trade deficit widens and supply chain disrupts amidst lockdown
LENDING INTELLIGENCE TO SUPPLY CHAIN
If you’re shipping millions of dollars’ worth of pharmaceuticals, high-end electronics, expensive seafood, or precious metals, what would you be willing to pay for the ability to ‘ask’ your shipment where it is right now and whether it’s ok? What would you pay for a freight smart enough to raise an alarm before it spoils? Artificial Intelligence enables that and much more…
CONTAINER LINES SIGNAL ‘SOS'
As the per-unit cost of operations increases many lines are forced to blank sailings which has hit their bottom line real hard. The Government and Terminal Operators therefore need to actively consider reduction in Vessel Related Costs
IMO 2020 And The Covid-19 Curse
The COVID-19 outbreak has shaken and stirred the already volatile bunker market. While the refiners adjust their capacities and shipping lines choose their path to compliance, the market dynamics are yet to reach an equilibrium
