Fifth Generation broadband, better known as 5G, is being rolled out to a wide range of markets and is one of the latest technologies that is set to transform transportation logistics and supply chains worldwide.
5G enables very similar things to 4G, but around 100 times faster. This means the communication time between each stage of the supply chain process will be drastically reduced. While many logistics-based businesses are already digitised to a degree, ramping up to 5G opens a new world of possibilities.
Real-time data is already being accessed with great success across companies embracing quality logistics software solutions for their transport management system. The introduction of 5G will see this function amplify, with the ability to respond even faster to larger quantities of data streams at any given time. Efficiency from factory floor to customer delivery is going to be boosted to the next level with both the logistics industry and customers reaping the benefits.
3 Ways 5G Will Benefit Transport and Logistics
Today we’re exploring three key areas of the transport logistics industry that will benefit greatly from the integration of 5G broadband.
- Fleet Management
- Asset Tracking
- Customer Service
Benefit 1: Better Fleet Management
Data-driven decision making will be next level with 5G onboard. Real-time shipment information can be delivered on the job to drivers to enable rerouting as needed, along with powerful diagnostic data that can enable swift insights back at Head Office. These details could include fuel efficiency of each vehicle, driver performance, which routes are preferable at varying times of the week, along with mechanical monitoring so it is known in advance where possible when a fleet vehicle requires maintenance. All this data is accessible 24/7.
Vehicle to vehicle (V2V) communications aren’t far away with 5G powering direct digital contact between fleet members on the road – not just CB radio contact like the good old days. Auto-tech can also create and maintain a fixed distance between fleet vehicles travelling together over long haul routes, known as platooning, which can ultimately result in safer journeys, reduced drag and fuel consumption.
The more sophisticated capturing of data within transport software and interpretation of it will also enable fleet managers to optimise the routes and share these quickly with drivers on the road. Real time updates of traffic conditions, accidents and weather reports all empower fleet managers to provide the best journey routes possible to all teams on the road, around the clock. This increases the safety of drivers and others on the road and ensures the most efficient use of resources to get deliveries made on time.
Benefit 2: Improved Asset Tracking
A report from Gartner revealed that only 21% of industry professionals had no challenge with supply chain visibility. Leaving nearly 80% with question marks as to the whereabouts of their deliveries throughout various stages of the process.
While there are already impressive levels of tech that can track goods from the factory, through transit and to delivery, the introduction of 5G to the mix will enable even more accuracy and visibility. Some devices will be attached to goods on shelves, containers, trucks, and measure everything from temperature to location, with other devices being able to act as a digitally enabled ‘lock’ to sway any potential thievery or send real time reports of any tampering. This is good news for all goods, but particularly anything of higher value.
Benefit 3: Increased Customer Service
Any improvements to the supply chain inevitably improve the customer experience in some way. 5G is set to enable higher levels of automation across all stages of the supply process, which will save more time and increase efficiency of service.
Analysis of sales and logistics data will also be able to be meaningfully used, powered by AI and 5G. Results of this analysis will feed into the automated processes mentioned earlier, along with informing predictive planning, which can result in much shorter lead times and each step of the supply process being automatically activated.
Make the Most of 5G with Custom Transport Software
It’s clear that 5G is set to revolutionise the transport industry. To effectively maximise on this opportunity, it’s clear that having a data-driven mindset coupled with the best logistics software that will work for your set up is paramount. Selecting transport software that is fit for purpose and not generalised logistics software is vital and could save your business a lot of money and time in the long run.
At Infocomm we have over 30 years’ experience in design and delivery of purpose-built ERP software for the transport and warehousing industry. Don’t take an off the shelf logistics software option when you can have a customised system that will meet the unique needs of your business, be adaptable and grow with you, is easy to use and comes with top quality customer service support. Contact us today to discuss how we can transform your transport management system and your business with guaranteed dramatic savings.