PULSE 2023 Final (1) - 3-12-4-10

OVERVIEW
Logistics management involves assessing supplier efficiency and accessibility.

A strong logistics sector can significantly impact country's exports and provide it a
competitive edge.
The global logistics market is driven

$ 380 Value of Indian logistics
billion industry by 2025 by the significant growth in the
online retail sector.
The advancements in technology
constituting automated material
4.5% Growth of logistics
handling, GPS, and biometrics are
CAGR industry by 2025
helping organizations to work
competently, thereby stimulating the
growth of logistics market in the
region.
$ 13.8 Value of Global Supply The logistics industry comprises of
trillion Chain Market by 2025 transportation, inventory
management, flow of information
and customer service. It determines
Contribution to Indian the success of not only the country’s
14.4%
GDP supply chain but also influences it
on a global scale.
On the basis of mode of transport, the market is divided into railways, airways,
roadways, and waterways. On the basis of end use, it is categorized into healthcare,
manufacturing, aerospace, telecommunication, government & public utilities, banking
& financial services, retail, media & entertainment, technology, trade &
transportation, and others. On the basis of the model, it is classified into 1 PL, 2PL, 3
PL, and 4 PL. Region-wise, it is studied across North America, Europe, Asia-Pacific,
and LAMEA. Asia Pacific is the leading regional market for logistics across the globe.
2
LOGISTICS INDUSTRY TRENDS IN 2023
Robotics Data & Operations Analytics

When compared to human labour, The data obtained from monitoring position
robots have a higher level of and weather along with fleet schedules help
availability and a higher overall optimize routes and delivery planning.
productivity. Robots, on the other The analysis of market data supports
hand, do not replace humans in the further optimization of supplier pricing,
workplace; rather, they augment inventory levels, and generation of risk
human productivity by working in management reports and offer predictive
close collaboration with humans. maintenance solutions with efficiency.
Warehouse Automation Blockchain

Pick and place technologies such as Blockchain brings traceability and
automated guided vehicles (AGVs), transparency of transactions to the
robotic picking, Automated Storage logistical processes. Moreover, smart
and Retrieval (ASRS) increase contracts based on decentralized ledger
warehouse productivity. system allow for quicker approval and
Warehouses require a combination of clearance by reducing the processing
efficient automation technologies in time at checkpoints and carting.
order to control their logistics costs.
Elastic Logistics Artificial Intelligence

Elastic logistics enables companies to The use of AI algorithms in conjunction
handle supply chain operations with with machine learning enables businesses
more efficiency during periods of to take preventative measures against
fluctuation. It tackles the challenges variations in customer demand. AI tools
faced by logistical segment of making the process easier and convenient
organizations including for logistic industry by providing the data
underutilization of vessels, constraints and sorting it directly
on warehousing, and overstocking.
"EMBRACING AUTOMATION, DATA-DRIVEN INSIGHTS,

AND SUSTAINABLE PRACTICES: THE ROADMAP TO
FUTURE-PROOFING OF THE LOGISTICS LANDSCAPE"
3
IoT : LOGISTICS
INTEGRATION
Internet of Things (IoT) refers to the network of
physical objects ("things") which contain
technologies to communicate and exchange data
with other devices and systems over the Internet,
such as various types of sensors.
IoT is causing a technological revolution around

the globe. One of the industries that IoT has had
a significant impact on is logistics, with the global
market size for IoT in logistics reaching $34 billion
in 2019. Other estimates project industry's value
to reach $63.7 billion by 2026, expanding at a
CAGR of approximately 12.4%
Intelligent logistic systems constructed on IoT platforms analyze vast quantities of logistical data
& make decisions using modern technologies such as cloud computing.
4
APPLICATIONS
OF IOT IN THE
LOGISTICS
INDUSTRY
WIRELESS DEVICES
RFID identifiers, eSIM, and GPS sensors enable
logistics companies to monitor container
temperature, relative humidity, and other variables
in real time. Using IoT technologies, AI algorithms
can process this data to enhance route
management, security, and maintenance
prediction in order to prevent errors.
INVENTORY MANAGEMENT
Utilising RFID tags on warehouse shelves, logistics
companies can monitor the location of products
and inventory levels in real time. Smart cabinets
and Internet of Things sensors can collect inventory
data automatically to enhance forecasting and
stock optimisation.
PREDICTIVE MAINTENANCE
The data from Internet of Things devices, such as
sensors, can be used to identify patterns, predict
equipment failures, and schedule maintenance.
The prevention of equipment failure will
significantly reduce supply chain delays and save
companies millions.
5
LOGISTICS
WITH
AUTOMATION
FLEET MANAGEMENT
Fleet management facilitated by IoT provides
real-time vehicle location, weight management,
status, and speed. This assists businesses in
optimising routes and scheduling, reducing
idleness, and increasing fleet performance. These
solutions can reduce petroleum costs and monitor
drivers for unsafe behaviour.
LOCATION TRACKING
When materials arrive at the factory, they can be
accidentally jumbled up, leading to incorrect cycle
times and production disruptions. Thanks to RTLS
(Real-time location system), it is always possible to
determine the precise location of tagged products
and ensure that manufacturing procedures are
followed correctly.
SELF-DRIVING CARS
The analysis and processing of data
corresponding to numerous shipment parameters
to develop intelligent driving routes and
directions. In light of traffic conditions, logistics
will be able to reduce their operation costs,
minimise vehicle accidents, and ensure timely
cargo delivery.
6
RECENT
DEVELOPMENTS
IN IOT
5G AND LOW-LATENCY NETWORKS

The development of 5G and low latency networks will help
revolutionize the Logistics industry, allowing for seamless and
instant transfer of data.
Shifting to 5G also results in improved security. The underlying
technology behind 5G is built with an emphasis on safety,
resulting in it being much safer than previously used 4G LTE
systems. End-to-end encryption support in 5G transmission
ensures that firms no longer have to spend on expensive hardware
based solutions to ensure privacy and can instead utilize
infrastructure already present around them.
AUTONOMOUS VEHICLES & DRONES

Autonomous vehicles and drones are here to revamp
the logistics industry in the next decade. Drones are
expected to become the facilitator of last mile
delivery, significantly reducing delivery cost and
expected time.
Autonomous vehicles will improve efficiency and
safety, leading to unparalleled speed in the transport
of goods. For instance, Autonomous Trucks would
reduce the need for rest stops and would minimize the
scope for error on the roads. According to McKinsey,
the application of automation technology in logistics
could reduce costs by up to 40%.
Despite such potential benefits, some major concerns
such as drones being hacked, losses of jobs, and
regulatory challenges need to be resolved.
7
AUGMENTED REALITY
While augmented reality (AR) technology the
technology is still developing, the concept of an AR
warehouse is not far from reality. In such a warehouse,
employees would be wearing smart glasses, which
would provide information to them such as, which
route to take, which package to pick up, where to drop
of the package, all in real time. This technology has
been adopted by companies such as DHL and Coca-
Cola, with both companies claiming significant
improvement in efficiency and accuracy.
AR is also extremely useful in training employees

without affecting operations. Immersive training
currently in use allows employers to train their
employees in using machinery such as forklifts, in a
non-invasive manner saving companies like DHL
millions of dollars despite heavy initial costs.
BLOCKCHAIN TECHNOLOGY
The single biggest impact Blockchain technology could
have on the logistics industry is to introduce the
notion of transparency. Blockchain provides an
alternative solution to tedious manual processes
allowing easy digitization of data, significantly
reducing delays and making the chain more
sustainable. It would also allow seamless tracking and
transfers of packages.
Blockchain can help reduce supply chain barriers
which could lead to the increase of the world GDP by
nearly 5% and the volume global trade by 15%
according to the World Economic Forum.
According to DHL, a shipment of refrigerated food
from East Africa to Europe goes through more than 30
people which uses up a significant amount of time.
With Blockchain, each stakeholder would be able to
easily track and deal with regulatory processes and
would allow for tamper-free sharing of information,
simplifying, securing and speeding up the process.

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OVERVIEW

Logistics management involves assessing supplier efficiency and accessibility.

The global logistics market is driven

Robotics Data & Operations Analytics

Warehouse Automation Blockchain

Elastic Logistics Artificial Intelligence

"EMBRACING AUTOMATION, DATA-DRIVEN INSIGHTS,

IoT is causing a technological revolution around

5G AND LOW-LATENCY NETWORKS

AUTONOMOUS VEHICLES & DRONES

AR is also extremely useful in training employees

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