Emerging technologies in the transportation industry and impact on community development

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In a dynamic and competitive world, business organizations and government agencies must adapt to unprecedent changes that impact development in numerous dimensions. Many decades ago, technology had a less important role to play in transforming the way businesses are conducted. However, in today’s world the rapid pace of development continues to draw increasing support for faster and more accurate decisions using effective and reliable tools

As the freight industry becomes increasingly complex especially in a business environment ravaged by the aftermath of a global pandemic, a new technology that draws the attention of practitioners is the SCV (Supply Chain Visibility). An entire chain of cargo movements can be monitored constantly real time. The pandemic resulted in supply chain disruptions and unexpected delays, further exacerbating transportation costs for many carriers. In a study carried out by Accenture, it is crucial that immediate response, optimization, and monitoring is considered to stay ahead of the competition. Companies need to respond rapidly and execute short-term tactical plans to mitigate the risks. This will ultimately require the use of strong data and analytics like never before (Accenture, 2021)

The impact of COVID-19 has resulted in supply shortages, inventory placement challenges and reduced productivity. Procurement planners have been confronted with the increasing challenge of identifying steady-state models, fulfill urgent demands and mitigate supply chain risks against a backdrop of significant disruptions. With the SCV technology supply chain logistics can be further enhanced because of the possibilities of businesses or government agencies having the capacity to reset their operations to address unforeseen problems or issues more effectively. This renews the logistics model or operational efficiencies in a cost-effective manner while fostering a more resilient and adaptative supply chain system. With this solid foundation for establishing successful planning, community development is fostered, and economic growth promoted


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