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10 minutes read
Did you hear the new buzz-word in town? Well, here it is – Digital Twin Technology. It is one of the most cutting-edge technologies which is even being considered a huge breakthrough for the logistics industry. However, what is digital twin technology? As the name suggests, these are digital replicas of physical objects or systems.
8 minutes read
In today’s interconnected world, the logistics industry stands as the spine for the global economy. It plays a pivotal role in ensuring that goods and materials move efficiently across vast and intricate supply chains. As of 2023, the global logistics market continues to expand, with a projected worth of over $5 trillion. Now, in this
11 minutes read
Every year, millions of packages make their way around the world, from sprawling warehouses to the consumers. However, not every package completes its journey. In fact, a report by the National Consumer League says approximately 1.7 million packages have been reported as lost every quarter. It’s a logistical nightmare that costs the industry an estimated
11 minutes read
India’s logistics industry has shown great progress, moving up six spots in the World Bank’s Logistics Performance Index (LPI). I am sure you were aware of that! This advancement can be attributed to several factors, including advancements in technology, data-oriented decision-making, and the implementation of enhanced policies. One of India’s long-term objectives is to reach
7 minutes read
The logistics sector plays a pivotal role in a country’s economic growth, and India is no exception. With the National Logistics Policy (2023), India is not only striving to streamline operations but also emphasizing technology-driven solutions. It will enhance the economy by improving connectivity and facilitating seamless movement of goods in both domestic and international
6 minutes read
In today’s world, digital transformation is a top priority for logistics and supply chain professionals. According to a survey by Gartner, 61% of them consider digital transformation a top priority. The COVID-19 pandemic has accelerated digitization and businesses are re-evaluating their operations to remain competitive. Well, fret not, because I’ve got just the thing to
8 minutes read
From AI to automation– the rise of technology is creating a new era of innovation and progress. No matter what industry you are in, technology is a game-changer that cannot be ignored. So, Hello and welcome to an ultimate blog on tech trends in the Logistics Industry for 2023. Today, let’s talk about the most
9 minutes read
I believe you have already checked out our blog on Digital Twin technology. Now here’s the next part – In the context of Industry 4.0, Digital Twin Technology has emerged as a pivotal innovation for businesses. It serves as a predictive tool, providing valuable insights into future operations and outcomes. As the name suggests, these
9 minutes read
Just like GenAI, Predictive AI is also another subset of Artificial Intelligence (AI). It uses various statistical strategies and machine learning algorithms to identify patterns and trends in the data. Correspondingly, it predicts future outcomes based on the wide range of available data insights. This is very different from what GenAI does. [Meanwhile, to understand
8 minutes read
As you know – “Machine Learning” (ML) is a part of Artificial Intelligence (AI). It primarily focuses on the development of advanced computer algorithms. In a nutshell, these algorithms allow computers to study user behavior & provide tailored content through its experience & usage. This is exactly why it is crucial to understand the impact
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