5 digital technology trends impacting freight shipping
- Artificial intelligence and machine learning.
- Autonomous vehicles
- The Internet of Things
- Freight shipping security
Getting what you need when you need it is crucial.
Downtime is a drag on your revenue and that’s never a good thing.
That’s why you must be aware of the latest digital technology trends that are impacting – or will soon – your freight shipping experience.
It’s also vital that you’re working with logistics experts who are up on the current developments that can make shipping faster and safer.
Here are five digital technology trends you need to know about.
1. Artificial Intelligence (AI) and Machine Learning (ML)
Artificial Intelligence and Machine Learning are two digital technology trends poised to make the freight shipping industry look a whole lot different.
Using algorithms, Machine Learning can help detect patterns that business owners can use to make decisions toward greater efficiency.
The best part is that this sophisticated analysis doesn’t require any human intervention.
ML pinpoints consistencies relate to:
- Inventory levels.
- Supplier quality.
- Forecasting demand.
- Production planning.
- Transportation management.
Here’s an example of how ML can benefit ground expedite services:
Machine learning can analyze the data from thousands of trucking runs and indicate the routes that are most and least productive, the conditions that cause issues, as well as spotting inefficiencies.
A blockchain is an ever-expanding list of records that are linked using cryptography, and it’s useful for the freight shipping industry.
Each “block” has a cryptographic hash of the block that came before it, as well as a timestamp and other data about the transaction.
Currently, you don’t have a way to know what goes on during each leg of your important item’s shipping journey.
But blockchain may be changing that with a level of transparency that you’ve never had before.
This digital technology trend will go a long way in building trust between all members of a supply chain.
3. Autonomous vehicles
Most modern warehouses are already using autonomous forklifts. Airports and other supply-chain locations have jumped on board, too.
Before long, your emergency freight shipment will be loaded by robotic arms, onto a truck that drives itself to the destination, where another robot is waiting to unload.
Platooning may also be on the horizon. This describes self-driving trucks traveling in a convoy, bumper-to-bumper.
The big selling point here is that it saves big on fuel, which is about 30% of a truck’s operating cost.
4. The Internet of Things (IoT)
Also referred to as, “radio frequency identification,” this digital technology trend is still in its infancy, but will likely have a huge impact on the future of freight shipping.
This type of technology uses a database, a chip, a reader and a GPS cloud-based method to not only track shipments but also to send reports on the condition of the product.
Shipments can be received automatically, with no need to scan a barcode.
5. Freight shipping security
Technology is changing so rapidly that logistics experts need to constantly monitor for vulnerabilities in their processes.
Using the latest in internet and cloud computing makes it easier to prevent cyber-attacks. Threats can be identified, observed and remedied before any damage is carried out.
Stay aware of digital technology trends
The technologies can make freight shipping faster and safer.
That’s good news for you – as long as you choose to work with logistics experts that stay at the top of their game.
You’ll get what you need, on-time, 24/7, 365 days a year.