Buzzwords such as Blockchain, Big Data and Internet of Things (IoT) are now an integral part of the technology adoption plans of most players in the logistics industry. With disruptive technology, the possibilities are endless. Imagine a next-generation logistics technology-enabled value chain in action. Declarations, if not documents, may still be required and critical documents will be issued using the Blockchain technology. When the driverless trucks would arrive at a shipper’s warehouse; smart tags can be placed on packages so that using the Internet of Things (IoT), devices can make the packages talk over a 7G network. With IoT, enterprises can connect all devices across a centralized cloud network, and capture and share their mission-critical data, allowing them to gain real-time visibility of their operations, and thereby accelerate productivity, profitability and operations. And, Big Data can be used to optimize routing, to streamline functions, and to give transparency to the entire supply chain, for the benefit of all stakeholders alike.
Wireless technology systems offer significant opportunities for minimising costs, eliminating manual processes and bettering compliance within the supply chain arena. Wireless technology also helps in eliminating many of the paper-based processes that slow down communications and add cost.
