Logistics revolution in 2024 with Generative AI, Cloud Tech
RAILWAYS & METRO RAIL

Logistics revolution in 2024 with Generative AI, Cloud Tech

In the contemporary business environment, logistics professionals find themselves under unprecedented pressure to boost profitability and streamline operations amidst challenges in first, mid, and last-mile logistics. The emergence of cloud-based solutions is seen as a transformative force, bringing about a digital revolution in logistics. These solutions not only address inefficiencies and reduce risks but also offer advantages such as speed, cost-effectiveness, control, scalability, and security, ushering in a new era of efficient and resilient logistics operations.

According to a report, it is projected that within the next five years, 86% of companies based in the supply chain will integrate cloud computing into their operations. This marks a substantial increase from the current adoption rate of 40%, underscoring the growing recognition of the value of cloud-based solutions. Another research study predicts that the global cloud supply chain management market is expected to surge from $21.79 billion in 2022 to an estimated $71.93 billion by 2030, driven by a robust Compound Annual Growth Rate (CAGR) of 16.10%.

As the adoption of cloud-based solutions in logistics experiences a significant increase in 2024, opting for an in-house solution provides the advantage of customisation and complete control over data handling and storage costs. However, it also comes with notable downsides, including potential production delays, high maintenance and upkeep costs, and a lack of market expertise to facilitate upgrades.

On the contrary, an investment in a cloud-based logistics olution offers scalability in infrastructure to meet growing demand while remaining cost-effective by eliminating the need for hardware infrastructure. Importantly, businesses can seamlessly integrate these cloud-based solutions into their existing applications, avoiding the necessity of complete replacement.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

In the contemporary business environment, logistics professionals find themselves under unprecedented pressure to boost profitability and streamline operations amidst challenges in first, mid, and last-mile logistics. The emergence of cloud-based solutions is seen as a transformative force, bringing about a digital revolution in logistics. These solutions not only address inefficiencies and reduce risks but also offer advantages such as speed, cost-effectiveness, control, scalability, and security, ushering in a new era of efficient and resilient logistics operations. According to a report, it is projected that within the next five years, 86% of companies based in the supply chain will integrate cloud computing into their operations. This marks a substantial increase from the current adoption rate of 40%, underscoring the growing recognition of the value of cloud-based solutions. Another research study predicts that the global cloud supply chain management market is expected to surge from $21.79 billion in 2022 to an estimated $71.93 billion by 2030, driven by a robust Compound Annual Growth Rate (CAGR) of 16.10%. As the adoption of cloud-based solutions in logistics experiences a significant increase in 2024, opting for an in-house solution provides the advantage of customisation and complete control over data handling and storage costs. However, it also comes with notable downsides, including potential production delays, high maintenance and upkeep costs, and a lack of market expertise to facilitate upgrades. On the contrary, an investment in a cloud-based logistics olution offers scalability in infrastructure to meet growing demand while remaining cost-effective by eliminating the need for hardware infrastructure. Importantly, businesses can seamlessly integrate these cloud-based solutions into their existing applications, avoiding the necessity of complete replacement.

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement