Technological development achieves revolutionary growth in logistics productivity

AI in logistics is an exciting prospect – its potential to transform the industry seemingly knows no bounds.

AI in logistics

AI is having a transformative effect throughout the supply chain – on predictive forecasting, parcel sorting, customer service, the overall ability of a business to adapt to challenges.

The statistics speak for themselves: research by Accenture found that 36% of large, mid-size, and small businesses have successfully implemented AI for supply chain and logistics processes, whilst 28% were on the verge of doing so.

As a result, it’s estimated that AI will boost logistics productivity by more than 20% by 2035.

AI’s far-reaching scope makes it hard to pinpoint just one or two delivery and logistics trends it will influence in 2024, but here’s a snapshot:

Computer Vision: this applies artificial intelligence (AI) algorithms to analyze digital photos and videos. Applications include maintaining safety procedures – during the pandemic, for example, the tech ensured workers adhered to social distancing regulations; and inventory management – counting items and sending alerts when it’s time to restock.

Smarter inventory management: not only can AI algorithms help retailers better predict demand – thus avoiding over-or under-stocking products – voice-activated systems will allow them to track stock levels without having to manually scour a spreadsheet.