Guiding the Analytics Associates Group, Sheldon Jason Burnett is a leader in the logistics and supply chain financing sphere. Providing data-backed operational solutions, Sheldon J. Burnett follows trends in his industry closely.
One emerging logistics tool is artificial intelligence (AI), which is used to identify complex patterns within massive data banks and perform calculations such as predicting near- and long-term demand. AI can also be employed in drilling through various global supply chain parameters and finding the best options when it comes to reliability, speed, cost, and other variables.
One way of amassing relevant data that goes into such calculations is through end-to-end Internet of Things (IoT). This involves the use of GPS and other sensors within shipments across various modes of transportation. Sensors in warehouses provide additional data critical to managing inventory and ensuring that the mandates of just-in-time delivery are met. The end result is increased efficiency and responsiveness to client queries, as well as minimized downtime, since resources are allocated optimally in real time.
Other ways in which technology is transforming supply chains include the use of blockchain for data and transactional security, and autonomous mobile robots within warehouse settings. Self-driving vehicles are popping up on the horizon, and drones are beginning to be used for lightweight door-to-door delivery.
