Notorious for its heavy use of manual processes and large amounts of data stored in different places, the logistics industry has perhaps the most to gain from implementing new technologies. Today, the COVID-19 pandemic has caused direct or indirect changes in logistics industry. The unprecedented impact of COVID-19 and the subsequent need for social distancing have accelerated the pace of digitalization in the logistics sector which has been considered a slow adopter of modern technology.
Increasing technology innovations like AI, IoT, cloud, blockchain, and robotics etc., are making big waves across industries, and logistics industry is one of the most impacted sectors. To note, the most critical technological trend like radio frequency identification (RFID) technology is increasing its adoption in logistics sector. On location data can be shared by RFID tags through a secure cloud connection enabling tracking of freight in a real-time milieu. And augmenting inventory accuracy levels and enhancing inventory tracking mechanisms in warehouses can be accomplished through the deployment of RFID technology, offering substantial cost optimization of the process. Additionally, IoT is also gaining momentum in the logistics sector. IoT can provide businesses with a credible tracking interface enabling them to monitor the movement of their goods from the warehouse to the final destination. On the front, advances in asset tracking technologies coupled with IoT-enabled solutions are set to revamp the functional paradigms of the logistics industry completely.
With all these new avenues are increasing the demand for more tech-based solutions for optimizing and enhancing logistics operations is resulting in the mushrooming of innovative and independent startups that offer the solutions for a multitude of industry-specific needs.
At this juncture, many logistics tech startups are entering the domain with advanced and integrated offerings. To help the logistics sector strengthen its operational capabilities and simultaneously enable growth in the industry, Logistics Tech Outlook has compiled a list of the 10 Logistics Tech Startups. The list comprises prominent organizations in the industry that address issues pertinent to the logistics sector by implementing current trends. Besides, the magazine also includes insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you Logistics Tech Outlook’s “Top 10 Logistics Tech Startups - 2021.”