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.
This story is from the January 2020 edition of Maritime Gateway.
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This story is from the January 2020 edition of Maritime Gateway.
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