10 Interesting Trends of The Logistics Industry to Look Out for in 2021
As years change, trends and innovations change as well. With technology being introduced to most of the industries, many industries have seen a lot of growth in their operations and the betterment of those too. If we talk about Dubai, then we find that almost all industries are depended on the logistics industry.
If you are interested in the logistics industry or you have been working in the industry, you should look out for its new trends. As today is the digital era and we believe in trends. So, everyone always tends to go with the updated version. 2021 is a year we hope a lot of things in many industries. But we should focus on the new trends of that industry worldwide.
Below, we have made a list of the 10 interesting trends of the logistics industry to look out for in 2021.
#Trend1 – Blockchain
Blockchain has been a difficult concept to grasp and understand. However, it has many uses, which makes it a trend to be anticipated in logistics. A blockchain refers to an open ledger consisting of transactions that are distributed among computers in each of the given networks. It usually aims to provide total transparency as the ledger will be open, and all the transactions will be on a single network. Dubai is known as the blockchain capital in the logistics industry.
#Trend2 – Digital Twins in Logistics
The digital twin is an interesting trend in trucking. Digital Twins is a concept that aims to make products the exact copies of the digital model. Many firms struggle with creating the same product as their vision. It is because of how products wear out or need replacement. Thus, a trend of digital twins is made just to sort that issue out. As a result of this, a firm will be able to remove the difference between digital products and physical products.
#Trend3 – Real-Time Supply Chain Visibility
The supply chain is one of the key components of the logistics service provider. Real-time supply chain visibility has been in demand for quite a long time. Even consumers of today look forward to this trend. Developers have been working to develop a quick response to change by allowing companies to use real-time data.
#Trend4 – Artificial and Augmented Intelligence
The rise of artificial intelligence is expected to change the way logistics work. It is said that the work will be reduced in half as there will be a cut in manual labour. It may also lessen the requirement for the number of personnel working in such forms. From truckers to the management level, everyone does their works with AI. Artificial Intelligence basically involves the sensor reading concept. For example, from eye sensor attendance to fingerprints, everything is based on AI now.
#Trend5 – The Growing Importance of Industry Newcomers
The logistics industry is focused on the significance of newcomers. It is not only focusing on employing more people itself but also connecting to other industry newcomers. It will allow them to enlarge their scope and work with different fields. Technology always helps to make professional in logistics. And a techno-logistics company always focus on newcomers along with old ones.
#Trend6 – Data Standards and Advanced Analytics
People are working to abandon the way data was previously stored. As a result, new standards are arising to solve the issue of data inconsistency. As a result of which, firms will become better at demand forecasting, planning, maintenance, etc. Data mining and binding trends are the main key things in the logistics industry. If we talk about logistics, there are many data and information. A reputed logistics company always keep their data safe and organized way. They maintain their whole inventory and CRM system with the help of this advancement.
#Trend7 – Autonomous Vehicles is a Huge Level Scope
Another trend that will be affecting the logistic industry will be autonomous trucks. It will also be affecting the supply chain and changing the process completely. With the advent of self-driving cars, self-driving trucks have also been in consideration. In this, you can self-registered with the company and they track you. They give you a very smart amount monthly, daily, or weekly basis. You need to sign a contract with the logistics company.
#Trend8 – Sustainability Powered by Technology
The rise of technology should be met with the rise of sustainability. For that, sustainability Powered by Technology has been introduced. The older methods of logistics are being analysed to reduce any sort of environmental harm. The same is done with the supply chain. Right now, logistics companies are adopting new trends and sustainability.
#Trend9 – Increasing Investment into Logistics Start-ups from VCs and Enterprises
Venture capitals and other such enterprises are increasing their investment in logistics start-ups. As a result, logistics firms are looking to innovate more and expand more word wide. It induces the old logistics firm to upgrade and implement technology, so they are not run over by the startups. Almost everything is delivered by an executive or agent.
From food to clothes, everything can be ordered by a customer. While truck logistics are helpful for every single industry. The food industry can choose different food trucks as per their need and so on. Thus, there is a huge chance and scope of the logistics companies for such a purpose.
#Trend10 – Warehouse Robotics
Warehouse Robotics has been one of the most expected trends for 2021. These robots will remove the need for any workmen for unloading or loading the trucks. Boston Dynamics is a firm that has already created a mobile warehouse robot. Thus, we may witness a total change in warehouses nowadays.
That was all! Now you know which trends to look forward to in the field of logistics. There are many such reputed logistics companies are available in Dubai, you can select from. Trukkin is one of the best techno-logistic company in Dubai.