In today’s society, it’s quite difficult to look around you and find no sign of technology. Technology is everywhere you look, whether it’s the buzzing cell phones of businessmen on the street or the flashing billboard telling you where to grab a bite to eat. Without technology we wouldn’t have phone calls, emails, driving cars or even airplanes. The digital world has driven every single industry and over time, each industry is transitioning along with the journey. In terms of logistics, think – Automation and high-tech. The logistics industry and more specifically, air freight wouldn’t be where it is today without technology. Here’s how this constantly growing industry is transforming into a digital age.
Digitized Supply Chain
Digitization is a hot topic in air cargo simply due to the perspective of growth opportunities. Through proper execution, a digital supply chain opens doors for air cargo that wouldn’t exist without technology. With cloud-based systems and online databases, businesses in air cargo are able to track analytics, monitor inventory and shipment details, and more.
Competitive markets today demand not only agility but also flexibility in terms of the supply chain. Digital supply chain management is a next generation model that successfully combines automation with superior logistic services. In fact, 80% of respondents to MHI’s Annual Industry Report believe that within the next 5 years, the digital supply chain will become the predominant business model. Not only will this benefit businesses by functionality, but it will also give them complete predictability for supply chain trends and movements.
Agility, Speed, and Tracking
Technology drives time. Although we can’t possibly fast forward time, the significant demand of the supply chain highly relies on not only speed and agility, but also on the ability to track shipments. At the touch of a button on a smartphone or tablet, consumers can track their shipments from each location it meets until it reaches the final destination of delivery. This form of service highly satisfies consumers by giving them a piece of mind knowing exactly when their items will arrive, both business owners and their orders, as well as the everyday individual placing an order.
Enhanced Data Ecosystems
Prior to the 21rst century, payments online were almost non-existent. Today, e-commerce is a driving factor of sales. Digital sales are made everyday through electronic payments, all through the touch of buttons. Digital ecommerce empowers companies with increased growth opportunities. Although it’s a work in progress, these enhanced data ecosystems are major benefits to the industry. From tracking shipments to offering high-speed sales and shipments, technology is continuously transforming air cargo.
Check out Part 2 of this blog, How Logistics Companies Can Utilize the Digital Transition