6️⃣Blockchain.
In the logistics industry, blockchain can make it easier for different carriers or shippers to share sensitive data; and companies could create trade finance and supply chain solutions.
7️⃣Data standardization and advanced analytics.
One of the biggest trends in logistics technology in 2020 indicates that data in warehouses will no longer be suitable for companies that want to keep up with the changing times. The mission is to create common information technology standards for digitization and interoperability to make the shipping sector more efficient for both customers and shipping lines.
8️⃣Autonomous vehicles.
Although autonomous vehicles – whether driverless trucks or drones – are closely related to the near future of logistics, we will probably only see it in the testing phase during 2020.
9️⃣Increased investments in logistics startups by venture capital funds.
Many venture capital funds have invested millions of dollars in new technologies developed by innovative startups, or even acquired them themselves. Thus, logistics companies can now leverage their capabilities by conducting research and development through their new partners.
🔟 Sustainable development based on technologies.
To reduce their negative impact on the environment, companies are using a variety of technologies, from real electric cars to artificial intelligence-based software that calculates the least-emissions route. These efforts are fundamental not only because of their direct impact, but also because they inspire the entire industry to adopt a more sustainable mindset.
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