A Look at the Future of Retail Logistics
Retail logistics is a constantly evolving field, and firms that want the upper hand need to stay on top of the latest developments and become adept at recognizing when to adopt them. Here is a look at a few of the key trends that will help shape retail logistics in the next few years.
Robotics and AI
While automated equipment is nothing new in warehouses, the latest advances in artificial intelligence (AI) are bringing efficiency to unprecedented heights. Not only can intelligent robots be used to pick and pack material, but they can then make use of AI to compute the quickest route or cheapest way to deliver it and make arrangements for pickup.
Self-driving cars make the news constantly, but self-driving delivery vehicles will be the real headliners in the world of logistics. These vehicles are expected to play a big role in last-mile delivery and long-haul trips alike. Amazon has already filed a patent related to controlling self-driving vehicles that navigate roads using lanes that switch directions, while a self-driving beer delivery truck recently made a successful 120-mile trip.
3D printing, or additive manufacturing, is giving customers the ability to download patterns and create parts themselves on site. The aerospace industry is already using it to print spare parts right where they are needed instead of keeping them in a central warehouse and shipping them out. In addition to saving money, it helps to keep planes up in the air.
Supply Chain Visibility
Supply chain executives are always looking for ways to increase visibility. In a recent survey of supply chain officers, 85 percent of those questioned said they were planning to boost supply chain visibility with a control tower approach. Better visibility brings about improved customer service and quicker decision-making, along with lower costs. It also allows you to respond quickly to changes in demand.
This blog post was based off of an article from Multichannel Merchant. View the original here.