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Future Dynamics and Forecasts in Logistics and Transportation through Digital Transformation – A Study w. r. to Manufacturing Industries

In: Proceedings of the International Conference on Digital Transformation in Business: Navigating the New Frontiers Beyond Boundaries (DTBNNF 2024)

Author

Listed:
  • N. Aniruddhan

    (B.S. Abdur Rahman Crescent Institute of Science & Technology, Research Scholar, Department of Commerce)

  • K. Soundarapandiyan

    (B.S. Abdur Rahman Crescent Institute of Science & Technology, Associate Professor & Head, Department of Commerce)

Abstract

The current scenario of business both B2B and B2C had a tremendous impact in models of operation due to outbreak of the COVID-19 pandemic. However, this has also enabled the industry to overcome the same with new technologies and business model orientation. The resilience could be achieved by analysing the trends and forecast based predictions of the business and technological advancements. So, it is necessary for all the business to embrace the future trends and technology. The recent trends in AI have improved to aid the manufacturing business in their logistics and transportation operations. The introduction of predictive maintenance will certainly benefit the financials of the company. On the other hand, the customer satisfaction levels will reach new heights in delighting them with various services offered. The dependencies on Manpower and the error reduction will definitely be a concern and those can be addressed in the Logistics and Transportation through Industry4.0. This paper showcases the literature concerning technological advancements in Logistics and Transportation business and also discusses the disruptive technology embodiment in the mentioned sectors.

Suggested Citation

  • N. Aniruddhan & K. Soundarapandiyan, 2024. "Future Dynamics and Forecasts in Logistics and Transportation through Digital Transformation – A Study w. r. to Manufacturing Industries," Advances in Economics, Business and Management Research, in: N. V. Suresh & P. S. Buvaneswari (ed.), Proceedings of the International Conference on Digital Transformation in Business: Navigating the New Frontiers Beyond Boundaries (DTBNNF 2024), pages 460-464, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-433-4_34
    DOI: 10.2991/978-94-6463-433-4_34
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