New Technology Trends and Solutions in Logistics and Their Impact on Processes

Abstract

One of the most distinct characteristics of today’s world is technological advancement. Global Supply Chains and the Logistic industry are important beneficiaries of technological progress. This paper highlights the essential trends in logistics and supply chains in relation to technology and its very fast development all over the world. The Industrial Revolution 4.0 sees supply chains that are able to produce products from vast quantities to single items using flexible processes. Logistics companies should also be ramping up their investment in technology – to deliver Logistics 4.0. However we cannot stop changes. Instead of worrying about the new reality, we should know and understand its components. Already operating companies shall continually improve its effectiveness and implement the latest concepts and ensure business success. Authors except of trends and advantages of new technologies also indicate sample obstacles that limit application of Internet of things in logistics companies.