As and when IT grew as the fundamental driver for business, regardless of sectors, priorities started to shift and T&L saw an increased use of technology in streamlining the supply chain, increasing productivity and asset utilization.

Real-time economy is accelerating and hyper-connected reality is increasingly raising the bar for competition. Transportation and Logistics sector has been shifting legacies to embrace transformation with all its might to satiate growing customer and stakeholder expectation.

Technology did not seem to fit very well into the foundational principles of the transportation and logistics sector. Well, who would have thought technology could bring in any difference to goods or objects being transferred from one place to other in a vehicle that is driven by someone, on a specific route, to a specific destination. But as and when IT grew as the fundamental driver for business, regardless of sectors, priorities started to shift and T&L saw an increased use of technology in streamlining the supply chain, increasing productivity and asset utilization.

According to Mckinsey, Supply Chain 4.0 – the application of the Internet of Things, the use of advanced robotics, and the application of advanced analytics of big data in supply chain management: place sensors in everything, create networks everywhere, automate anything, and analyze everything to significantly improve performance and customer satisfaction.

One of the strongest factors for driving this trend has been the rapidly growing urbanization. As more and more people started moving to urban cities, demand rose for innovative solutions to induce more flexibility into the delivery and shipping models.