All in a Day's Work

Ah you have arrived at the beginning.

The Largest, Busiest Ports of the World

China (Shanghai, Ningbo, Shenzhen, Guangzhou, Qingdao, Tianjin), Singapore and Hong Kong see the majority of the world's traded goods pass through their ports everyday. It is a mind boggling array whose precision could not be possible without information technology.

Many of the world's biggest names you've never heard of belong to this industry of Logistics, content to be behind the scenes. But as innovations in this field advance due to the Internet of Things (IOT), this formerly routine world has suddenly become far more interesting to everyone, especially after this pandemic forced us to look at where everything comes from and how & when they finally arrive at our doorstep.

Here are a few of the more impressive innovations in this world:

  1. Driverless planes, ships, trains, trucks

  2. Drone Deliveries

  3. Robot Deliveries

  4. Automatic AI Sorting Machines

  5. Blockchain Supply Systems to ensure Integrity

future-of-the-logistics-industry.pdf

How do you predict the future?

Some people say you need to dig into the past. If you can see the trends (cause) that led to today (effect) then you can try to do the same for the future.

Ancient Chinese philosophers do not believe in the idea of "cause and effect" though as the effect can just as easily be the cause. Instead they believe in the cyclical nature of events, i.e., things are bound to repeat themselves and that's how you can tell what will happen in the future.

Either way, history seems to be the guide.

In this exhaustive review by Price Waterhouse Cooper (PwC) they look at what they believe are the factors (cause) that will change (effect) the logistics industry:

(1) Changing customer expectations, (2) Technological breakthroughs, (3) New entrants to the industry, and (4) New ways to compete or collaborate.

Look through the diagrams below (15 minutes to digest) and if you're still interested, read the document on the left to find out more.