The innovation of technology is exceeding the boundaries and changing the world. People are habituated to do everything online and everything right at the fingertips for immediate access. Amazon and Alibaba, both held conferences in the United Stated appealing to small and midsize businesses to choose their platform. According to Q2 LogTech Report, the orders appeared to be transporting goods in bulks via ships and trains to enterprise forwarder and carriers.
In the near future, Amazon will dominate half the U.S. e-commerce market increasing its current market share to 34 percent. Amazon has also planned to expand its private label offerings, signing for Amazon-controlled manufacturing, to establish as a legal authority for on-demand clothing manufacturing. Amazon has formed a task force to identify how driverless vehicles can be helpful to improve the business which has no plans for the internal development of capabilities. Alibaba has currently planned a $1 billion IPO in New York, hoping to increase its market in the Chinese logistics industry. Cainiao Network has planned to deploy over one million smart vehicles, containing artificial intelligence which reduces time and distance traveled in courier delivery.
The technology has to be improved where the delivery of products will not be moved via regular transportation mediums. Automatic cars can replace the trucks which make a computer drive from one point to another. Embark and Uber already came into existence, and Tesla released a truck which pulled back both. Tesla is not completely driverless, and there would a person assisting the computer which has the potential to increase the efficiency in the delivery process. Amazon has announced a drone, called as Amazon Prime Air which helps to deliver the packages right at the doorsteps. Drone deliveries have not come into existence due to regulatory measures and high expenditure, but the thought of waiting just for an hour’s time is attractive. GPS also helps maintain accuracy and improves the supply chain products delivery. The advancement of GPS accuracy allows an increase in productivity and satisfies customers, by tracking the exact location of trucks and accessing the updated local traffic data.
The logistics industry is highly benefited with the addition of latest technologies that improve efficiency and help businesses stay competitive. Furthermore, the supplementation of the latest technologies will continue to grow with advancements.