Internet of things (IoT) with the latest in machine-learning backed algorithms are the way logistics would be optimized to meet all customer demands and requirements, right from fast shipping, live tracking and notifications, and on-time delivery with optimized final mile movement.
Gone are days of static analysis and planning. Deliveries are made not within charts and tables. They are made live, so should their scheduling and routing. All live. You know everything one glance, you can do everything in one click.
We are now well past the 1st April enforcement date for electronic logging device (ELD) implementation. Now if your trucks are stopped for a roadside inspection, how do you prepare to get through that without any violations? Here’s what you need to know to be violation free.
The World Bank has said logistical costs swallow up around a quarter of Indonesia’s gross domestic product, citing bottlenecks in supply chains, long dwelling times in ports and lengthy trade clearances. Indonesia’s e-commerce sales are set to rise from 3 percent of retail activity now to 19 percent by 2027, Morgan Stanley estimates.
According to the American Trucking Associations, freight tonnage hauled by trucks would increase by 27% (between 2016 and 2027). With global retail sales to touch $27 trillion by 2020, it just adds to the problems of high volume and restricted resources. Most of these companies would win or lose based on how they optimize their last mile deliveries.
Know where your drivers are at all times. A trucker was lost in snow-covered woods in Oregon for four days when the wrong address was plugged into the GPS. He managed to survive and walk back to more populated areas when his truck got stuck on small roads.
Technology has enabled us to record, plan, allocate, dispatch, track, validate, and analyze all freight movement from a single dashboard with clear and real-time actionable insights in an easy-to-understand format. This leads to an agile, reactive, and dynamic setup for a company’s transportation management system.
We recently integrated with Alexa, Google Assistant, Cortana, and Siri. Now, the manager can simply relax and instruct their personal assistant to fetch the information for them. Almost anyone can use the personal assistant without any hassle. It doesn’t matter if they are tech-savvy.
Polar Vortex can disrupt logistics movement pushing up freight rates due to a shortage of trucks and drivers. Shipments may be delayed either due to rerouting away from snow-blocked highways or, being detained due to traffic bottlenecks. Multi-modal transport via railroads and ports are also affected.
We saw last mile delivery being used as the key input in all omnichannel strategies. We saw localization in distribution strategies centered around making last mile delivery more effective. We also saw machine learning being implemented successfully in logistics and field workforce planning. These trends would be the greatest influencers in 2018 for logistics and field workforce management.