In an ever-evolving world, logistics and material management continues to experience significant changes. As we step into 2022, the trends are even more advanced, offering a promising future for the industry. This blog will delve into the
advanced logistics and material management trends that are shaping the coming year.
Advanced Automation and Robotics
The emergence of advanced automation and robotics is a game-changer in the logistics industry. Companies are leveraging automated systems and robots to enhance productivity, reduce errors, and improve customer satisfaction. According to a study by Mordor Intelligence, the global logistics automation market is expected to reach $89.48 billion by 2026, growing at a CAGR of 12.3%.
IoT and Smart Warehouses
The Internet of Things (IoT) is revolutionizing the logistics and material management sector. IoT enables smart warehouses, providing real-time tracking of goods, predictive maintenance, and better inventory management. Gartner predicts that the enterprise and automotive IoT market will grow to 5.8 billion endpoints in 2022.
Sustainable Practices
The push for sustainability is influencing logistics and material management trends. Companies now prioritize energy-efficient transportation, waste reduction, and recycling. The World Economic Forum estimates that logistics companies can save up to $1.6 trillion by adopting sustainable practices.
Artificial Intelligence (AI) and Machine Learning (ML)
AI and ML are playing crucial roles in logistics and material management. These technologies offer predictive analytics, intelligent routing, demand forecasting, and more. According to McKinsey, AI can boost profit margins in the logistics industry by up to 15%.
Blockchain Technology
Blockchain technology offers transparency, security, and traceability in logistics and material management. It can prevent fraud, streamline transactions, and improve supply chain efficiency. MarketsandMarkets forecasts that the blockchain supply chain market will reach $3,314 million by 2023.
To leverage these trends and stay competitive, businesses need to upskill their workforce in advanced logistics and material management.
Koenig Solutions, a leading IT training company, offers certification courses in top technology courses, including a course in
Advanced Logistics & Material Management. This course will equip you with the necessary skills to navigate the dynamic landscape of logistics and material management in 2022.
