Technologies in Logistics 4.0

May 27, 2024 by
Technologies in Logistics 4.0
ABI-VNM - Abivin Vietnam, Phạm Nam Long
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Logistics 4.0 is the most recent evolution in logistics and supply chain management, distinguished by the incorporation of cutting-edge technologies such as Artificial Intelligence (AI), the Internet of Things (IoT), and blockchain. This new era of logistics is set to transform the way goods are transported, stored, and delivered to customers, resulting in increased efficiency, cost savings, and better customer experiences.

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Source: https://globelink-unimar.com/

Technologies

One of the key drivers behind Logistics 4.0 is the increasing use of AI in logistics operations. AI algorithms can analyze large amounts of data in real-time, assisting in route optimization, improving delivery times, and lowering costs. For example, AI algorithms can be used to identify bottlenecks in the supply chain, reducing wait times and increasing delivery speed.

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Abivin vRoute 4.0: AI Platform to Optimize Logistics

The Internet of Things is another key technology driving Logistics 4.0. (IoT). IoT sensors and devices can be installed on delivery trucks, shipping containers, and even individual packages to enable real-time tracking and monitoring of goods as they move through the supply chain. This not only improves delivery accuracy and speed, but it also helps to prevent theft and damage to goods in transit.

Another technology that is playing an important role in Logistics 4.0 is blockchain. Blockchain's secure and decentralized nature makes it ideal for use in the logistics industry, where transparency and accountability are essential. Blockchain, for example, can be used to create a permanent and unalterable record of all transactions in the supply chain, assisting in the prevention of fraud and ensuring the accuracy of data. Furthermore, blockchain can be used to create smart contracts, which can be used to automate many of the manual processes involved in logistics operations.

Logistics 4.0 entails a significant shift in the way logistics operations are managed, in addition to these technological advancements. Instead of a siloed approach to logistics management with separate departments for transport, storage, and delivery, Logistics 4.0 involves a more integrated approach that brings all of these areas under one umbrella. This helps to reduce costs, improve efficiency, and provide a better customer experience.

Benefits

Along with these technical developments, Logistics 4.0 also involves a fundamental change in how logistics operations are managed. Logistics 4.0 calls for a more integrated approach that unifies all of these sectors under one roof, as opposed to a fragmented approach to logistics management with distinct departments for transit, storage, and delivery. This contributes to cost savings, increased productivity, and better customer service.

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Source: asmag.com

One of the primary advantages of Logistics 4.0 is the increased efficiency it brings to the logistics process. With AI algorithms analyzing data in real-time and IoT sensors providing real-time tracking and monitoring, logistics operations can be optimized to reduce wait times, speed up deliveries, and reduce costs. This contributes to a more streamlined and efficient logistics process, resulting in faster and more reliable deliveries for customers.

Another advantage of Logistics 4.0 is the potential cost savings for the logistics industry. Companies can reduce the number of miles that delivery trucks must travel by using AI algorithms to analyze data and optimize routes (for example: Abivin vRoute 4.0), lowering fuel costs and vehicle wear and tear. Furthermore, the use of blockchain can aid in automating many manual processes, reducing the need for human intervention and lowering costs.

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Order Tracking using Mobile

Finally, Logistics 4.0 is assisting the logistics industry in improving customer experiences. Customers can see where their packages are at all times with real-time tracking and monitoring of deliveries, which helps to reduce anxiety and uncertainty. Furthermore, faster and more reliable deliveries result in higher customer satisfaction, which aids in the development of stronger relationships between businesses and their customers.

Conclusion

Finally, Logistics 4.0 is poised to transform the way goods are transported, stored, and delivered to customers. Logistics operations are becoming more efficient, cost-effective, and customer-focused as cutting-edge technologies such as AI, IoT, and blockchain are integrated. Companies that implement Logistics 4.0 will be well-positioned to stay ahead of the competition and provide the best customer experiences possible.

References:

https://www.researchgate.net/publication/235318339_The_Evolution_and_Future_of_Logistics_and_Supply_Chain_Management

https://www.sciencedirect.com/science/article/pii/S2351978917306807

https://www.smet.it/en/blog-en/what-is-logistics-4-0-and-what-are-its-advantages/

#abivin #logistics4.0 #supplychain #transportation #tms

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