THANK YOU FOR SUBSCRIBING
Logistics innovations are transforming the way logistics companies do business. Experts point out the following areas where technical developments are influencing eCommerce logistics the most.
Fremont, CA: The e-commerce business is expanding at an incredible rate. Customers are increasingly purchasing from internet retailers from any location, and the number of smartphone users is also increasing. As a result, eCommerce enterprises are doubling their efforts to accommodate the increased demand across worldwide sales channels.
Logistics also plays an integral part in optimizing sales and customer happiness in eCommerce. The trouble is, unlike a physical store, internet retailers often serve a vast number of customers from all over the world. As a result, supply chains in digital retail must improve, and it is also a critical aspect in assuring a successful business operation.
According to studies, worldwide logistics spending will hit 10.6 trillion dollars in 2020 and rise further by 2021. Let's talk about how eCommerce technology can completely alter the logistics business.
Ways technology is transforming ecommerce Logistics
Artificial Intelligence and Automation
Automation and artificial intelligence-powered technology are already employed in various modern logistics solutions, including warehousing, supply chain, and return management.
The value of artificial intelligence in logistics nowadays is that it enables the planning and prediction of supply chains using AI and ML algorithms. It is now possible to choose the best routes for shipping a product to a different place. Simultaneously, AI-enabled automation eliminates the requirement for large-scale eCommerce enterprises and other departments to manage everyday activities.
Internet of Things
The use of the "Internet of Things" in logistics is not a new concept. GPS-enabled devices are the greatest examples of IoT-enabled logistics automation, leveraging geolocation data to assist product shipping tracking. Businesses may improve their logistics operations by analyzing historical data.
RFID tags, low-voltage networks, and satellite trackers are just a few examples of how IoT is helpful in logistics. These IoT in logistics aspects enable data analysis, which is critical for any firm.
Enhanced GPS Accuracy
The days of supply chain firms printing out directives from the computer before leaving the warehouse are long gone. Almost everything can now get performed with GPS on their delivery vehicles or cellphones. The precision of these GPS devices in logistics has greatly increased over time.
Such technology not only assists drivers but also improves the supply chain process. By supporting increased GPS precision, it is possible to track delivery vehicle positions and improve access to real-time traffic data.