With ever-evolving technological advancements, the possibilities for our future seem nearly limitless. Advances in the logistics industry, such as cloud logistics have demonstrated how technology can bring more and more flexibility and efficiency to the industry. We are only limited by our imaginations when it comes to picturing how technology could revolutionise and reshape life as we know it.
Logistics providers are moving towards the digitisation of logistics solutions for efficient management, performance, and growth. Around 98% of third-party logistics companies consider data an essential factor in the supply chain. Digitisation of logistics solutions offers many advantages, such as improved visibility across the entire supply chain network, automated processes to reduce error, and real-time tracking of goods. It also helps streamline processes and increase operational efficiency. Additionally, the digitisation of logistics solutions helps companies gain access to valuable data that can be used for enhanced decision-making, forecasting, and inventory management.
Big Data and Networking
Data is becoming increasingly crucial to logistics solutions along with the growing volume of available data. By leveraging the latest software and sophisticated hardware, logistics companies can collect and exchange more data than ever before. This data can then be used to make informed decisions about inventory management, efficient routing, and precise delivery locations.
The deployment of big data and intelligent networking among market players strive to guarantee stability throughout the supply chain, allowing for a proactive approach to potential interruptions or setbacks, such as shortage of manpower or issues with reverse logistics. In addition, data can be used to optimise transportation paths, thus improving efficiency. With these measures in place, logistics companies can meet their schedules better.
There can be multiple sources for gaining data — traffic or weather data, vehicle location information, vehicle condition, logistics numbers, and even economic or industry developments.
Networking can help manage risks effectively, and also facilitate transparency throughout the supply chain by providing comprehensive updates on the progress of each delivery.
Sustainability
Sustainability is the need of the hour globally — a trend which will have an impact over the coming years and decades. Logistics, in particular, can be critical in reducing greenhouse gas emissions and preserving our planet for future generations. 11% of global greenhouse gas emissions can be attributed to freight transportation alone — a figure that is expected to rise and make logistics the foremost contributor to carbon pollution by 2050.
The only way to reduce the percentage is through strong sustainable means. This includes the adoption of electric trucks for last-mile delivery and bio-LNG as fuel for long-distance transport with heavy trucks. The selection of fuel and further improvement of respective technologies are important elements to consider to help achieve lower emissions. It is also essential for companies to reduce dry runs, which can occur due to reasons, such as trucks with low-carrying capacity or the inability to locate an address. Companies need to leverage technology like geocoders to offer efficient logistics solutions to customers to save resources.
Bio-LNG is an innovative technology that holds great potential for the heavy-duty transportation industry. Compared to diesel fuel, using classic LNG from natural gas to power trucks can significantly reduce the overall carbon footprint.
The Indian government has also set an ambitious target of converting 30% of the country’s vehicle fleet to electric vehicles (EVs) by 2030. The Union Budget 2023-24 introduced initiatives, such as the Production Linked Incentive Scheme (PLI) and the Faster Adoption of Manufacturing of Electric Vehicles Scheme – II (FAME – II) to aid in the adoption of electric vehicles.
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Regional Focus for Supply Chain Stability
As global events become ever more unpredictable, companies are striving to make their supply chains as stable and secure as possible with the digitisation of logistics solutions. Companies are also looking to further protect themselves from industry disruptions, such as changes in customer demand, increasing competition, and sudden shifts in technology trends.
To combat these potential risks, many companies are introducing new strategies, such as diversifying their supply chains regionally with multiple suppliers or utilising agile manufacturing processes, which leverage the latest digital technologies to rapidly adjust production and delivery schedules. Such decisions can not only safeguard companies against disruption but also increase efficiency by streamlining processes with investment in regional infrastructure.
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The Future of Logistics Solutions
Logistics is an essential part of the modern business world, and efficiency and sustainability remain key goals. Companies must leverage data-driven insights and explore new technologies to create a robust, resilient supply chain that can weather any storm.
Porter provides efficient logistics services for enterprises to help them achieve cost optimisation, transparency and control. It offers end-to-end technology solutions including order management, optimised route mapping, and real-time tracking to ensure timely deliveries. Its experienced team of professionals provides guidance on best practices to maximise the efficiency of logistics operations.
Porter emphasises offering efficient services between businesses and their customers to reduce failed deliveries and increase customer satisfaction with their logistics solutions. Be it logistics solutions in Pune or any major city in India, Porter is here.
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