GLOBAL LOGISTICS PRODUCTS
Cowin Global Blog
Now 2020 is coming to end, it’s a good time to take a look and be aware of the expected trends within logistics over the coming months. Knowing what competitors are favouring is a great way to keep ahead of the pack and implement relevant changes to keep up with developments.
We’ve created a roundup of the top trends within the logistics and supply chain for 2020 to keep you up to speed.
Technology is constantly evolving and the use of AI within logistics is not new, from the use of route planning, demand planning and warehouse picking systems it is a vital part of the supply chain industry. The use of robots and other intelligent systems can be expected to benefit all from shippers to suppliers.
An exciting new development for logistics in 2020 is Digital Twins, a technology that allows the physical and the digital to become one. It offers endless possibilities for logistics, allowing for the collection of data to prevent issues and weak spots within the supply chain. Using digital twins enables users to create models and prototypes of areas such as warehousing or hubs and play out different scenarios to research better processes to increase efficiency.
A continuing hot topic is the environment. Sustainability continues to be a trending subject in all areas for 2020 and making eco choices within the supply chain is a top priority. Consumers are keen to prove they are being eco-conscious, which means transparency is key. In 2020 it will be important to show consumers how processes and warehousing are in line with the changing landscape. Notable changes include cutting down on wastage, using efficient energy supply and providing clarity on those changes that have been made and those intended to be carried out in future.
The world is changing its attitude towards delivery times, with expectations of speed and convenience taking over cost. Consumers are increasingly expectant of rapid deliveries and turnaround. With companies such as Amazon offering same day delivery options the pressure is on to deliver faster without compromising on quality. To gain an edge on your competitors it is important to ensure swift, efficient packing processes and open, improved communication lines for every step of the supply chain.
Planning and Risk
With Brexit comes a whole new era of uncertainty for the future of logistics and beyond, it requires a great deal of adapting and preparation for change. There may well be the need for restructuring and quick response to unforeseen problems. Many warehouses are putting effective risk assessment processes in place to prepare for possible alternative options.
Warehouse Management is becoming a priority in 2020 with systems that can forecast trends and receive real-time updates; warehouses using these kinds of management systems are often able to predict issues before they happen, which is invaluable in the current environment. A good system can make processes easier and more efficient by offering up to date instructions and routes to navigate the warehouse. Warehouse robotics are also fast growing, some of which are able to unload trucks and move boxes allowing things to run with efficiency and accuracy.
These are just a selection of trends growing throughout logistics this year and with constant changes to the environment with which they work it is good to know there are technologies and processes in place to keep the supply chain working at a structured and timely pace that matches demands.