According to a recent report from logistics and supply chain association MHI, digital supply chains that are always “on” will be predominant worldwide within the next five years. If supply chains go digital, trucking will need to go digital, too. Is trucking ready?
Optimized digital networks combined with changing consumer habits could upend the trucking industry we know today if truckers aren’t prepared for the new trends.
The report identified nine key areas of digitization. Trucking companies should already be using or preparing to start using these technologies to keep up with the digital supply chain. Technologies include:
- Inventory and network optimization
- Sensors and automatic information
- Cloud computing and storage
- Robotics and automation
- Predictive analytics
- Wearable and mobile technologies
- Autonomous vehicles and drones
- 3-D printing
- Internet of Things
According to MHI’s report, 92 percent of supply chain industry leaders believe that at least one of the nine technologies listed above will provide a competitive advantage or create a disruption within the industry in the next 10 years if trucking companies adopt them.
Technology improvements in trucking and logistics will improve carrier and shipper relationships through faster shipping times and increased transparency. Digital supply chains will also bring these benefits:
- Forward-looking planning
- Connected system
- Data visualization
- Improved collaboration
- Digital products and services
Digitizing trucking and supply chains is important to keep moving the industry forward. Fortunately, many trucking companies are already implementing digital technologies to match the increasingly digital supply chain. If you would like to learn more about digital supply chains and trucking, please contact us.