In the basis of past few years, it has been stated that technology solves global supply-chain issues. With the advancements of technologies in today’s time, every industry is implementing technologies to overcome its challenges. In this blog, we’ll let you know how technology solves global supply-chain issues.
How 5G Technology Solves Global Supply-chain Issues?
5G is the fifth generation of mobile communications, and it offers the fastest connection speeds and shortest latency times yet recorded. A higher level of connection with 5G has an impact on a variety of businesses, transportation and logistics management is no exception. As 5G opens up new options for supply chain automation and resulted in new freight delivery use cases. Consider trucks fitted with sensors that respond to humidity and air temperature, knowing the conditions required for the transportation of a certain cargo they will warn the app if there is a variation from the usual by sending the 5G alert.
Also read our blog on “How Technology Is Changing The Future Of Logistics”
Impact Of Electronic & Autonomous Vehicles On Global Supply-chain
In the past years, the scarcity of truck drivers has become one of the most pressing issues. According to statistics from the logistics industry, the global shortage of truck drivers peaked in 2021 with over more than 80 thousands jobs openings. There are various reasons for this, and self-driving cars could be a win-win situation for the logistics and freight workforce dilemma.
Considering the active development of self-driving automobiles, the problem is unlikely to be solved before 2023. According to experts, this will take at least five years. However, major cooperations implement autonomous trucks into their logistics system, allowing them for speedier delivery and a better user experience. Electric automobiles technology solve global supply-chain issues as it will be popular in coming years, delivering more cost-effective and environmentally friendly transportation.
Implementation Of Eco-Friendly Warehouses
The eco topic has become more relevant in more sectors of human life as more attention is paid to the pollution problem. Logistics is no different, as a result, eco warehouses will be one of the most important technology development to watch in coming years. They aid transportation and logistics organizations by lowering storage costs and improving profits and minimizing a company’s carbon impact. For example, deploying robots to sort and pack goods in warehouses can drastically reduce wage expenses. Another benefit is that robots give an extra layer of cleanliness by reducing the number of human interactions, making logistics safer. Furthermore, can also work in the dark reducing power usage, and they don’t require rest or lunch breaks, allowing firms to achieve or surpass KPIs.
Warehouse management systems or WMS further aids green warehousing. They make better use of resources like plastic, paper, power, gasoline and so forth creating less environmental damage. For example, WMS could aid warehouse staff in synchronizing their actions for product packing. A logistics cloud software would show real-time information about where commodities are located, and help managers enhance the packing process. Solar panels, recycling facilities, low emitting paint, drought tolerant plants, energy efficient lighting, and other green warehousing developments are just some of the few examples.
Blockchain Technology Solves Global Supply-chain Issues
Blockchain is a distributed database that is held on multiple computers connected to the internet at the same time. Organizations can gain better visibility into their inventory levels by utilizing blockchain technology for the supply chain management. This can be accomplished by providing customers with timely updates on where their orders are shipped and delivered, because of this transparency businesses may provide real-time updates on when things will be restocked after being sold out.
Blockchain for example can be used to manage the complete supply chain from production to consumer. Each container is labeled with a unique identity that includes information about the product’s origin, such as manufacturer, the lot of numbers, expiration date, and delivery date. This enables the tracking and authentication of a product at any point in its life cycle. Few companies are already using a method to track and verify the validity of pharmaceutical supplies.
Another way blockchain technology solve global supply-chain issues is that it allows for speedier and more cost-effective delivery. Smart contracts which automate logistical processes can save billions of dollars each year. Furthermore, the distribution registry may help eliminate errors, shorten delivery times and uncover fraud. Blockchain is being used in supply chain management by many top-notch companies today.
The logistics sector overview shows how modern technologies are becoming more prevalent in the supply chain. Modern businesses automate transportation and leverage new forms of communication to track products at all delivery stages. Implementing technologies and these new trends will solve plenty of problems in the supply chain. Are you looking to implement technology into logistics? If yes, so, please feel free to contact us at email@example.com