The transportation and logistics industry plays a major role in directing the flow of goods from origin to destination. This industry is a part of supply chain management that operates and controls the productive, efficient, progressive, and exchange of goods & services, from manufacturer to storage space, to customers.
Nowadays, there is a vast growth in the logistics/ transportation industry, the worldwide net worth of this industry is over Trillion Dollars. There are several movers and packers Hyderabad, Bangalore, Delhi, and various other cities in India who offer logistics services for commercial and business purposes along with the essential end-to-end packing and moving services for household relocation within a particular city or to a different place across the country.
It is evident that the logistics industry is growing rapidly, and it needs advancement in terms of technological innovations to enhance this industry. Mentioned below are some of the technological innovations which helps enhance the growth of the logistics industry in India.
- Drones: Drones are a landmark in the logistics industry; it has done many promising deliveries and is a widely used technological innovation across the globe. Drones are especially helpful in the ongoing pandemic situation where the product must be delivered on time along with ensuring no spread of infection.
- Self-Driving Vehicle: This technological innovation is still under perfection as it has to overcome certain barriers, such as improving driverless software to managing heavy traffic as per Indian roads, and so on. However, it is one of the innovations which will be used in the near future in the logistics industry. From a long-term perspective, logistics companies must be prepared to adapt themselves to the upcoming technological improvements with the help of artificial intelligence, starting with self-driving trucks, self-navigation management systems, etc.
- Wearable Technology: This technology is going to become a ‘must have’ technology in the logistics industry in the near future. It reduces human errors and increases speed in the warehouse order picking processes. This technology is currently being widely used by big companies in Germany.
- Robotics: Just like any other technological innovation in the logistics & transportation industry, robots are the most broadly used innovation in all major countries across the world. To stay in competition with other companies in the market, the e-commerce industry uses robotic technology to improve speed, performance, and serve customers adequately.
- Automation: Unlike robotics, automation uses data-driven software that improves operational efficiency in any organization. It offers a wide range of solutions for the logistics industry from advanced packing and labeling to well-organized storage space sorting systems, etc. Computer programmed stacking technologies and Fully automated container terminals will be introduced in India soon, and will help increase production, improve handling performance, and reduce labor costs.
- Radio-Frequency Identification: These chips have promised real-time tracking information, soon they will be adapted not only in the logistics industry but also in the relocation field. However, when comparing Radio-Frequency Identification to barcode labels, the latter are well-established and the most preferred choice of people as they are much more affordable.
- Chatbots: This innovation is already adopted in several Indian industries such as e-commerce, logistics, food chains, and various others. Chatbots automatically answer and resolve the queries of the customers. Although chatbots are more popular in countries like the USA, UK, etc., in India, chatbots are not that popular, as people prefer talking to a customer care executive directly, rather than talking to a robot.
There are so many other technological innovations that have already been widely accepted and used in India like One-time password (OTP), digital money (UPI payment method), and many others. Technologies like anti-theft GPS system, cloud-based system, digital twin, etc., are under the testing stage in many countries and are not that popular. The moving companies partnered with directories like AssureShift, etc., also contribute to the growth of the logistics and transportation industry.
We hope that the points we have discussed above have provided adequate information about the future technological innovations to be adopted in the Indian logistics industry, which is going to have a huge impact on the growth and development of the logistics industry in India.