Smart Logistics and Technology Shaping the Future of Supply Chains
Without a doubt, the fast-paced evolution of technology and innovation has played a significant role in our daily lives and the transformation of global supply chains. Technology is rewiring supply chains, but we are only at the beginning of this journey. There are multiple factors at play in driving the latest supply chain innovations, including increased demand and complexity, multi-leg shipments, rapid fire replenishment, final mile, and the overall trend of urbanization.
The U.S. Department of Transportation (DOT) projects that freight volumes in the United States will increase by more than 40 percent over the next 30 years. Mid-sized cities are expected to grow three times faster than the rest of the country over the next three decades, adding to the pressure to develop better ways to manage logistic flows.
These pressures are by no means confined to the United States. Mega cities with 10 million or more people are growing in both number and size across the globe. Estimates project that by 2030, 60 percent of the planet’s population will live in cities up from around 50 percent today. The logistics of moving goods between sprawling urban centers is a major challenge. Groundbreaking approaches to logistics management are being developed in major cities around the world. Commonly called “smart mobility” projects, the work aims to improve both the safety and efficiency of transportation, balanced with improved environmental sustainability. New technology and connectivity is providing important tools for developing mega city freight transportation services, such as vehicle or road-based sensors that track delivery patterns in cities and better manage the movement of in-transit inventory.
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