EV Cargo Technology’s Chief Commercial Officer Duncan Grewcock has revealed the top five up-and-coming trends in the LogTech sector.
Duncan presented a keynote webinar to industry professionals at the GSCC LogTech Hybrid Asia virtual summit.
He highlighted the importance of keeping supply chains up to date with the latest technology, and shared examples of how to implement technology to ensure the best possible outcomes and the fastest, most streamlined service for customers.
Duncan said five key digital trends to look out for in the logistics and technology industry were:
- Internet of Things: Automated Pallet and Container Pictures
- Artificial Intelligence: Delivery Sensing
- Big Data & Analytics: Optimising Stock Flow
- Transparency & Traceability: Packaging Compliance
- Digitalisation: Digitalisation of Origin Processes
Substantial investment in technology has been a common theme for many businesses over the past 12 months, with digital strategies fast-tracked to embrace the evolving digital world and to keep up with customers’ expectations.
The world’s leading research and advisory company, Gartner, has found 63% of enterprises expect they will achieve financial payback in three years for their innovative technology projects and it is predicted that throughout 2024 50% of supply chain organisations will invest in applications that support artificial intelligence and advanced analytic capabilities.
With 87% of senior business leaders saying digitalisation is a company priority, there has never been a better time to enhance a business’s current offering and provide technology-led solutions.