Numerous technologies have evolved in the
recent times that look to radically alter the working of the logistics and
supply chain industry. From 3D printers, workplace automation, and AI to big
data all look like a promising tool to substantially increase efficiency and
save costs. Autonomous vehicles or self-driving cars are amongst the latest
technological innovation that seems set to impact the field of logistics
widely. Sophisticated computer navigation, GPS technology, camera technology,
and sensor technology together has made it possible for vehicles to be driven
without human intervention. Apart from the automobile companies, technology
giants like Google and Apple have also invested heavily in this
technology. So how exactly will autonomous vehicle impact the logistics
industry:
Improved Safety:
Although earlier in the year Google’s
autonomous car crashed in Mountain View, people began to jump to the conclusion
that using such technology
in the logistics industry is unsafe. But people fail to
address the success rate where it had already driven more than 1.4 million
miles without a single incident. For comparison, the accident rate for cars
driven by humans stands almost at two crashes per million miles. By eliminating
driver related errors, autonomous cars significantly improve vehicle safety and
ensure that the goods reach the destination safely
.
Increases Efficiency:
Self-driving cars are highly efficient and
can make a split-second decision which humans can’t possibly perform. With a
little assistance from AI technology, an autonomous vehicle can crunch
mountains of data to come to a decision, that too in a matter of a fraction of
seconds. The autonomous vehicle can efficiently identify best travel routes to
minimize time on-road, avoid traffic jams by following lanes rules, and drive
at optimum speed and employ platooning to maximize fuel economy. Considering
the savings in fuel and quicker delivery times, autonomous vehicles can vastly
improve the performance of logistics companies.
Cost Savings:
It is already
evident that with advanced decision-making capabilities autonomous vehicles can
save fuel and time costs. Additionally, improved safety will also avoid damage
costs as well as insurance costs. As a result, insurance companies would be
willing to accept a low premium amount for autonomous cars in the future due to
their low error rate. Also, logistics companies will also save on personnel
costs which is currently a significant part of the transportation costs.
Thank you!!!
Thank you!!!
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