Logistics accelerates the movement of goods and provides a boost to Retail markets. Logistics enterprises can ensure the smooth flow of commodities and finished products over land, sea, and air. These enterprises function in a borderless world, connect the dots between the central hub and spokes, streamline processes, and ensure that Retail business users are empowered to make timely and informed decisions for logistics to function with clockwork precision, writes “ET Retail”.
The catalyst for this synchronicity is the voluminous data harnessed during the journey of goods from origin to destination. However, enterprises face situations such as:
- Shipments those are misdirected
- Shipments stuck in transit, or that cannot be traced
Data and machine learning can convert these logistical challenges into an opportunity. In fact, the compounding effect of big data and AI can create hyper-efficient logistics enterprises operating in a smart ecosystem.