Remove 2023 Remove Cargo Remove Data Remove Inventory

Digitalisation of Logistics Industry and its Impact

20Cube Logistics

during 2018-2023, reaching a value of US$ 1,374 Billion by 2023. Implementing technologies like IoT, data analytics, sensors and robotics is changing the complete roadmap of logistics. Traditional process involving making calls and faxes to start a shipment order were not only a slow process but also lacked end-to-end visibility and up-to-date information to customers in tracking their cargo movement. This results in optimised routing and scheduling of the cargo movement.

Cargo 43

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

Adidas @adidas Adidas is expected to move nearly 20% of its production to more automated factories by 2023 , many of them potentially proprietary. In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year.