Technology Trends in Logistics and Courier Industry in India in 2020

CIOReview India Team | Friday, 03 April 2020, 11:22 IST

Technology Trends in Transport

Faced with a sector, now fully committed to the challenge of flexibility imposed by an E-commerce. It is about to grow exponentially also in India. There are many ideas to understand the direction that a courier service https://wefast.in/ is going to make.

In India, there is a rapid growth in the E-commerce field. People are getting more and more inclined towards the courier service. Hence, it is vital to make changes accordingly. Therefore, there is an essential revolution in technology trends in logistics and courier industry in India.

There are many and diversified scenarios for logistics specialists and couriers looking for a new type of efficiency in the delivery business. Let's see together which trends are preparing in as many technological scenarios.

We are in the full digital age. We are always between smartphones, artificial intelligence, big data, and virtual assistants. Technology has now invaded any sector of our life and any industry, even of the business.

Who offers us services, which provides us with products, has to deal with this transformation made of algorithms and chips. Which direction to take - how to understand if the road is the right one to avoid falling behind - is the challenge that everyone is preparing to win.

If technology invades, it must also be digested and exploited in the right way for those who create and for those who use it. Here in this text, you are going to know about the various technology trends that are in the logistics and courier industry.

Moreover, you are going to have a deep insight into the technology trends in the logistics and courier industry in India in 2020.

What Are The Factors Affecting Technology Trends In Logistics And Courier Industry In India In 2020?

Digital Trends

It was not only market trends but also technological developments that forced businesses to rethink their logistics network in terms of upgrading. Thanks to them, logistics has gone from being a cost center to an enabling factor for company growth, to being recognized as a differentiating element for the entire supply chain. Innovative, it is possible to identify some critical areas that today represent, at the same time, a challenge and an opportunity for growth.

Platforms like Uber

The market worldwide is seeing a mounting number of organizations looking for pioneering ways to deal with the increasing costs of courier service. In this perspective, the opportunity of having competitive prices visible in real-time, absolute bazaar lucidity, and rising technology that, in an extraordinary way, connects supply and demand in the logistics market, offers a level of efficiency and benefits too great to be ignored. The first big reason why we felt the need to build platforms on the Uber model lies in need to develop solutions for empty travel.

Product Traceability

One of the biggest challenges in the logistics and transport sector is the protection of loads and goods; the movement of goods imposes, in fact, the obligation of a high level of transparency and more considerable attention towards timely delivery.

The solution, to minimize risks and disputes arising from the failure to transmit transport data, is a cycle of transactions. These are digitized through the use of IoT technologies and certified by the use of the Blockchain. Hence, it allows for obtaining greater visibility and access to the flow of information with more excellent reliability, speed, and security.

First of all, by digitizing this process through IoT technologies, it is possible to record a vast amount of information relating to changes in temperature, humidity, pressure, altitude, but also info about movements, bumps, and tampering.

The trend here is to exploit and reapply to logistics the sensors used and designed for other economic contexts, making the cost of these instruments paltry and minimal.

Understanding Technology Trends in Logistics and Courier Industry in India in 2020

As we are talking about the latest developments and the technology trends in logistics and courier industry, India is a significant card. India is a country with a large number of populations.

Moreover, the growth that India is showing as a nation is tremendous. Therefore, it is one of the most suitable and profitable marketplaces for all E-commerce companies.

But, there is a significant challenge that lies upon them. What technologies can be successful in India, and what cannot? Here you are going to find some of the latest trends that are working well in India.

Although there is a vast scope for the development of these technologies, they are still doing well in the market.

Digitization

The digital revolution, which has been going on for years, has shown even to the most skeptical. It is that by implementing new technological solutions. These processes can be in change on the run according to customer requests or needs. Therefore, in the future, it will become increasingly common. In the logistics sector, most companies do not yet have systems capable of doing this. But the number is rapidly increasing.

In this sector, an innovative tool is the so-called DFM (Digital Freight Matching), a digital platform - generally an app - that using GPS combines the customer's request (to send the goods) with the courier's offer (the truck capacity). In this way, transport is optimized, avoiding that trucks travel empty, with indirect benefits also on traffic and the environment.

Use of Artificial Intelligence

Although organizations are still far from using it, artificial intelligence in the supply chain has several applications. In essence, it can be used to study the shortest routes during transport. It can also help in avoiding traffic and using less petrol. Moreover, even to decide on positioning and movement of stocksin the warehouse.

Thanks to AI, robots will be able to move autonomously, thanks to sensors and IoT, and, in the future, deliveries will also be carried out by vehicles and trucks with autonomous driving.

Conclusion

In India, there is a rapid growth in the E-commerce field. People are getting more and more inclined towards the courier service. Hence, it is vital to make changes accordingly. Therefore, there is an essential revolution in technology trends in logistics and courier industry in India.

Therefore, these trends are rapidly boosting. Soon there is going to be a high relevance of them in the Indian market.

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