Autonomous vehicles and AI coming to disrupt logistics industry, says chief

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The global logistics industry is "unsophisticated" and due for a major shake-up, according to the boss of a cargo-handling giant. Mika Vehvilainen, chief executive of Finnish company Cargotec, expects autonomous vehicles and artificial intelligence to disrupt the market in coming years. "But it's also, from an operating cost point-of-view, clearly [beneficial] – about 40 per cent of port operating costs today in the Western world are labour costs. Meanwhile, the chief executive said his business had been negatively affected by the UK's Brexit vote last year.