Logistics Startups Bank On AI and ML To Up Efficiency

With the advent of Industry 4.0, the global economy is fast embracing a series of smart new-age technologies that promise to revolutionise every field down to the last sector: from manufacturing, services to supply chain. Be it healthcare, retail, e-commerce or even legal processes, there is hardly any segment left untouched by the revolutionary impact of artificial intelligence (AI), machine learning (ML) and Big Data. The logistics sector that in many ways forms the backbone of the economy by ensuring seamless movement of goods and supplies is also experiencing sweeping changes with the advent of these smart digital technologies. Evidently, Industry 4.0 is not feasible without smart logistics and supply chain management which is crucial to building a better connected ecosystem across sectors. Retail bigwigs such as Walmart and Amazon are already investing heavily in supply chain automation starting with deployment of robots in fulfilment centres as well as warehouses.