Navigating Digital Transformation of the Supply Chain
Summary
And, anticipating this turn, the market flooded with a plethora of digital solutions that sought to either automate or optimize the labyrinthine processes that lie at the heart of our business. Trained on large pools of data, AI could be aware of the location of all the trucks in each fleet, optimizing for route, storage capacity, and hundreds of other variables that affect a company’s bottom line. It could also use historical data to forecast the most efficient way to plan a fleet’s deployment, freeing up excess capacity and ensuring that high-demand areas are served effectively. Logistics professionals are feeling the pressure for ESG reporting, as customers and businesses increasingly want their purchases (and partners) to have sustainable and ethical practices. While digital tech preceded the pandemic by many years, its explosion on its heels should give logistics pros pause, if only for a moment, to see whether some of these new tools could take their work to the next level, beyond “good enough.”