We are living in a world that is changing and improving day by day – today’s revolutionary developments become tomorrow’s daily routine.
The internet could be the best example for this. Once the internet entered our life, it was a revolutionary development for the world and now it has long been an essential part of our life. With 5G technology, the internet will be more integrated to all aspects of our day-to-day life. A faster connection is not the only benefit of 5G – greater connected devices are, too, which will be revolutionary for the supply chain and logistics.
Information flow is essential for efficient and effective supply chain management and 5G will allow more data to be transferred faster and simultaneously, bringing visibility and flexibility to the supply chain.
Faster and more effective data transfers will increase the connection speed of devices, making the benefits of the IoT (internet of things) more visible and useful in the supply chain. More devices throughout the supply chain will be connected to the internet as the one of the most important benefits of 5G technology. This will allow faster and more effective processes in every part of the supply chain from warehouse management to transportation and production.
Implementation of 5G networks will also improve the route-optimizing ability of logistics firms, helping to avoid unnecessary voyages and inefficiencies.
Increasing usage of IoT technologies in the logistics industry will improve real-time data sharing and bring more efficient live cargo tracking during all points of transportation. The IoT will upgrade the ability to gather data at every step of cargo transportation and this ability will improve traceability of possible damages, robbery etc. during transportation.
5G networks will also improve communication through virtual reality (VR) and augmented reality (AR), providing additional support which includes remote controlling every aspect of transportation. Smart roads and smart and remote-controlled vehicles will be possible and accessible for every firm in terms of their costs. VR and AR technologies will be beneficial for the firm in term of remote support and more comprehensible technical support.