(Image Source: Parcel Monitor)
The logistics and supply chain industry is undergoing significant transformations in 2024, driven by technological innovations and the need for greater efficiency and sustainability. Several key trends are shaping the industry’s future, as pointed out by our media partner Parcel Monitor in their recent article:
- Generative AI in Logistics: Generative AI is revolutionizing logistics by optimizing demand forecasting, supply chain networks, and product design. Companies like SingPost and DHL are leveraging this technology to enhance efficiency and reduce costs.
- Big Data for Risk Management: Big data analytics are being used to proactively manage supply chain risks by assessing supplier performance, monitoring shipments in real-time, predicting equipment failures, and forecasting demand accurately.
- IoT for Supply Chain Visibility: The Internet of Things (IoT) is enhancing supply chain visibility by providing real-time tracking of goods, monitoring their condition, and automating tasks to improve efficiency and decision-making.
- Sustainability Initiatives: Sustainability is gaining importance in logistics and supply chain management due to environmental concerns, regulatory pressures, cost savings, and increasing customer demand for eco-friendly practices.
- Low-Code Platforms: Low-code platforms are streamlining application development in supply chain management, enabling faster problem-solving and collaboration between business users and IT professionals.
Check out the full article for more insights!
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Your gateway to real e-commerce logistics data worldwide.
Parcel Monitor is a trusted source of e-commerce logistics insights – powered by real consumer data. Leveraging proprietary data and the latest technologies, Parcel Monitor empowers businesses with actionable insights, while facilitating collaborations across the entire e-commerce logistics ecosystem.
