Industry 4.0 has been partially defined by its use of machine-to-machine communication and Internet-of-Things (IoT) devices to create factories that operate like smart homes: an array of appliances and machines are brought into constant communication in order to create a cohesive, highly visible system. Logistics 4.0 operates under these same principles, but with a different set of component parts. Specifically, it makes use of “smart” containers, vehicles, pallets, and transport systems in order to create a fully networked supply stream that offers supply chain managers, shippers, freight forwarders, and others the necessary visibility to route transport and perform other logistics tasks in an optimal way. The concepts of Logistics 4.0 are becoming popular as logistics management evolves. Industry 4.0 impacts the corporate world through digitization both horizontal and vertical supply chains, products, services, business models, and customer relations.
How much this will affect the Third-Party Logistics (3PL) providers?
3PL may be disappeared because Blockchain is P2P then no need for 3PL.
Blockchain technology (Distributed Ledger Technology is more appropriate )may help support smart contracts between Industry 4.0 manufacturers and their third party logistics suppliers. Logistics is physically needed, its management could be automated, but it's needed.
what about the issues of speech/face recognition and the development of 5G within the ecosystem?
Zeyad Mohammad Renaud Di Francesco Abdullahi Arabo Thank you all, for your great inside. If you also find any good academic sources, please share it here too.
An interesting issue. Information technologies, ICT and advanced data processing referred to as Industry 4.0, including, among others: Big Data database technologies, cloud computing, machine learning, Internet of Things, artificial intelligence, Business Intelligence and other advanced data mining technologies support the processes of both logistics management as well as Data Analytics analytics used for the improvement of logistics processes. In addition, e-logistics has been developing particularly intensively in recent years. The development of e-logistics is determined by the development of electronic online banking, including mobile banking and e-commerce, the development of e-commerce on the Internet, the development of online stores. The security of electronic transactions is improved by blockchain technology. Traditional, physically existing stores create their own online stores and logistics centers are transforming or extending to e-logistics centers, i.e. logistics, which will support the development of online stores and will coordinate the development of e-logistics systems. Information technologies, ICT and advanced data processing, referred to as Industry 4.0, also contribute to the dynamic development of e-logistics.
through block chain and AI the security , speed and accuracy of information sharing will be key element of i4.0 in 3PL..
This is an exciting time for well funded 4PL/3PLs. Well funded applies strategic and end customer focused!
Many thanks John Wilkerson Muhammad Faraz Mubarak and Dariusz Prokopowicz for sharing.
SC efficiency can be achieved by three independent segments of coordination such as:
· Information System Coordination
· Logistics Process Coordination
· Contractual Coordination (Financial trade off's)
If we want to improve the efficiency of Logistics Process through Information System Coordination (via Blockchain, RFID...) in serves level of a SC the cost factor will show its power. Accordingly 3PL will face price, quality and time competition.
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