Shippers who want to grow their fleet are in for a rude awakening when they go to order new trucks.
Currently, the backlog for big rig orders is longer than it’s been in more than a decade — with little indication that demand will slow or supply will increase anytime soon. As of this writing, most new orders will not be delivered for nearly a year.
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The widespread digitization of logistics is fueling the search for more efficient ways to ship, pack, and process goods. Companies all along the supply chain are finding ways to use big data and advanced machine learning technology to streamline processes and automate difficult tasks.
Here are nine ways AI is revolutionizing logistics:
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Why are companies being pushed to improve visibility along the supply chain? On some level, it comes from a desire to improve efficiency. Equally, though, pressure is coming from customers — both retailers and their end users — who want better information on the status of their shipments. They want to know the location of their package as near to real time as possible.
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The growing popularity of online furniture selling presents a unique challenge for shipping and logistics pros all along the supply chain.
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Technology has completely transformed shipping and logistics over the last quarter century.
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For most companies, the dream of a supply chain that produces actionable data, driven by sensors and tracked with RFID and barcodes, remains just out of reach.
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The shipping world is rife with complex job roles and dozens of acronyms. Often, supply chain companies hire help to take on jobs they can’t reasonably manage themselves.
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Warehouse management systems allow products to be tracked and moved with unmatched speed, efficiency, and transparency. These specialized software suites are designed to manage complex tasks along the supply chain, especially tracking product as it enters and exits warehouses.
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While the global supply chain has been transformed by software solutions and tech innovation, many of the systems that drive modern ports haven’t been updated since the start of the 20th century. Now, several major shifts in technology are revolutionizing portside drayage.
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Today, e-commerce companies face much steeper consumer expectations than they did even a few short years ago. Consumers expect their products fast, and that’s making it hard for some companies to compete with industry giants like Amazon. For these companies, better inventory control is the best tactic for cutting shipping times without driving up costs.
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