Innovation in the Logistics Industry Will Improve the Way Precious Cargo is Handled

A complex, convoluted industry...
(Pixabay photo)

Freight and logistics is a complex and convoluted industry. Professionals dedicated to logistical operations must have a meticulous and error proof nature among their characteristics.

Artificial intelligence (AI) software is needed merely to keep pace with changes in the industry. The question becomes, not if an organization will employ AI, but how?

What may work one day becomes quickly antiquated. Logistically dependent organizations are currently in a race to employ emerging innovations for a satisfactorily, reliable, and long-term solution.

For precious cargo, these aspects are magnified. As the value of cargo increases, so do the stakes. Special procedures and impenetrable security practices become necessary because every point of the supply chain reported missing cargo.

There are unique challenges to ensuring the delivery of things like precious commodities.

Important Factors of the Logistics Industry

Logistics professionals must account for:

  • training

  • preparation

  • security

  • geography

  • regional events

  • variable business practices

  • cultural differences

Operations within the freight and logistics industry must be well prepared. In terms of precious cargo, one cannot be overly prepared.

While this might seem cliche, the multitude of variable and intangible factors demonstrates how important preparation is to successful operations. Training personnel in loss prevention practices can be considered an aspect of preparation.

Programs that companies choose for training must account for the different environments in which they operate. Factors like geography, culture, and current events of a region can quickly make established practices outdated. These regional factors will likely also impact the practices of business partners.

Logistics professionals are limited by what they can ascertain about a region from afar. This is why, when it comes to precious cargo, business relationships need to be much closer. Companies must work together to ensure the supply chain that runs through each of their operations.

It becomes quickly apparent that ensuring precious cargo incurs highly variable events.

This is why the freight and logistics industry is taking a proactive approach to employing cutting edge technology like artificial intelligence and blockchain technology.

AI is recognized by more than 70% of business leaders as having significant advantages for logistics operations. The AI market expects to surpass $100 billion by 2025.

Clearly, AI is no longer taking anyone in the business world by surprise. What organizations are realizing is the shear magnitude of its potential for the freight and logistics industry. AI provides revolutionary tools for data management. Its ability to diagnose, automate and find logistical solutions is far and away a better than anything else available.

When AI is combined with blockchain technology, it provides the level of security and incorruptible data that enables logistics operations to achieve their full potential.

1SHIFT shows live capacity by lane to quickly understand the market. Review historical pricing information, partner ratings, and current factors such as fuel prices, weather, and backhaul capacity to make informed pricing decisions real time, “ said Ashik Karim of LiteLink Technologies.

He continued: “We modernize business to business transactions with the power of artificial intelligence and other leading-edge technology by driving down cost, increasing visibility into decision making and adding a deeper layer of predictability.”

1SHIFT Logistics is a software that LiteLink Technologies developed to improve all the areas of the Logistics Industry, enabling a level of operational efficiency that has not before been possible: increasing t understanding, speed, and end-to-monitoring of supply chains through a transparent and immutable platform.

The 1Shift Logistics software also reduces costs and eases the burden of everyone involved. Business partners now have a practical, secure, and healthy ecosystem to entrust their logistical vigour.

 

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