How the Internet of Things is transforming the supply chain: Part 2, Future solutions
In the previous part we discussed about IoT applications. In this part we are discuss about the future solutions.
Autonomous Vehicles – There are already some interesting developments that could have an impact much sooner than people think. One example was the trial of unmanned delivery vehicles in Greenwich, London by Ocado and Oxbotica which delivered to over one hundred residential customers. Technology like this could become widely adopted for final-mile deliveries, but also for longer distance work. There should be significant cost savings from autonomous vehicles. Morgan Stanley estimates the potential savings to the US freight transport industry at $168 billion (€138.77 billion) annually from improved fuel consumption, reduced labour costs, improved productivity and reduced accidents. Keep an eye on WISE-ACT outputs for relevant developments across Europe. WISE-ACT is a network of experts exploring the wider impacts of such innovative technologies, says Dimitrios Spiliopoulos.
Drones (air and ground) – Drones have been touted as the next big thing for long time, despite space and privacy regulations severely limiting their scope. Already some companies (e.g., 7-Eleven, Wal Mart) test them for last-mile delivery and even in stores. Drones can bring significant cost savings and speed, but also can serve consumers in remote areas where access by roads or sea is not possible.