Currently, the logistics industry is rapidly evolving. New technical solutions enter everyday use in accordance with market trends. Innovation may take the form of new products or processes, but this may not always be a major breakthrough. Nevertheless, the logistics industry implements new tech trends faster than any other domain. In this article, we will consider the top trends in custom logistics software development.
The most popular trends in logistics software development
Logistics companies that implement the latest trends have the opportunity to benefit from them, regardless of where this transformation takes place: warehousing automation, supply chain logistics, vehicle tracking, or any other. Below are the top 5 technologies that allow the logistics industry to keep power.
Logistics, like no other industry, needs to be digitalized, because outdated methods such as paper payments lead to long delays in receiving cash by carriers. The introduction of online payment systems is a good example of how digitalization facilitates transactions between carriers and customers. Digitalization greatly simplifies business processes, reduces risks and increases revenues by increasing efficiency.
Logistics companies generate a lot of unstructured data every day. All the data collected from daily operations can inform about upcoming peak needs or fluctuations and, more importantly, provide information on supply and demand forecasts, route optimization, fuel consumption and turnaround time, each can enhance the competitive advantage.
The blockchain technology is used in the field of logistics more often. This technology provides greater transparency in the management and tracking of documentation throughout the supply chain. Blockchain also allows you to manage accounts and payments, speed up the process of processing orders and delivery times, and quickly receive any information about products.
Internet of Things (IoT) is a large network of artificial and natural physical objects that are associated with the use of sensors and APIs for sharing various data over the Internet. In logistics, the Internet of things is used to accurately monitor resources and workflow, analyze real data for correct decision making, improve customer service, reduce manual data processing, and other valuable tasks.
Computer vision (CV) can completely eliminate the human factor because it is pure automation. CV can be utilized to classify vehicle damages and save a lot of time by speeding up the fixing process. For warehouse automation, this effective tool is very useful in the barcode reading process, warehouse area monitoring, and employees tracking. It ensures the prevention of theft and recognizes any violation of safety rules. The computer vision system can also identify those who enter and leave the warehouse.
We have mentioned just 5 trends in custom logistics software development, some of them are improving but the majority are innovative. Business owners should keep up with the technology progress and always be aware of all the trends in the industry and follow them.