In an illuminating interview, Sudhir Dhavan, Chief Executive Officer, R. E. Rogers India, shares valuable insights on multimodal logistics. From cutting-edge tech like AI and IoT to overcoming challenges, this article navigates the evolving landscape of supply chains.
Multimodal logistics offers flexibility, using various modes and reach remote areas
Sudhir Dhavan highlights how the latest technological advancements are revolutionising multimodal logistics. Innovations such as Artificial Intelligence (AI) and data analytics provide predictive insights and real-time monitoring, enhancing efficiency and decision-making. Internet of Things (IoT) technologies, including temperature and GPS sensors, offer improved tracking of shipments, particularly those requiring special handling. Blockchain technology ensures secure data management, reducing costs and disputes. Additionally, automation in warehousing and transportation addresses labour shortages and boosts efficiency, while strategic supply chain collaboration fosters greater sustainability and operational effectiveness.
Smart multimodal logistics
Implementing multimodal logistics involves challenges like delays, high costs, and poor communication. Risks such as connectivity issues and shipment damage add complexity. Effective strategies to address these include using smart logistics platforms, leveraging automation and AI, and improving connectivity. Developing strong risk management and fostering collaboration among partners are also vital. These solutions mitigate risks and enhance efficiency, leading to more reliable and cost-effective supply chains.
Emerging trends shaping the future
The future of multimodal logistics will be significantly influenced by key trends such as increased automation and robotics, the integration of AI, blockchain, and IoT technologies, and a shift towards sustainable practices. Emphasis on supply chain resilience, advanced risk management, and enhanced workforce training will also be pivotal. Additionally, last-mile delivery and personalised customer experiences will gain importance. These trends are expected to improve operational efficiency, enhance customer satisfaction, and reduce costs. They will also lead to better real-time information sharing, proactive problem-solving, and increased transparency, while promoting eco-friendly solutions and sustainable practices within global supply chains.
Seamless integration
To ensure seamless integration and coordination between various transportation modes in a multimodal logistics strategy, consider these best practices:
- select the most suitable mode for each leg of the journey based on cost, transit time, and cargo needs;
- choose reliable carriers and plan efficient routes;
- implement effective warehouse management systems and consolidate shipments to cut costs;
- use real-time tracking and monitoring systems;
- develop a skilled workforce with expertise in multimodal logistics;
- prepare contingency plans for disruptions; and
- foster collaboration among carriers, forwarders, and customers.
These practices enhance efficiency, reduce costs, and improve overall reliability.
Debunking misconceptions
Misconceptions about multimodal logistics include beliefs that it is more expensive, complex, and inflexible, or that it lacks visibility and environmental benefits. However, multimodal logistics can be cost-effective through optimised routes, simplify operations with technology, and provide real-time tracking. It offers flexibility by utilising various transportation modes and it can reach remote areas. Additionally, it can be environmentally friendly by reducing the carbon footprint with efficient routing. To address these misconceptions, educate stakeholders on the benefits, use technology to streamline processes, highlight flexibility, and showcase extensive coverage and sustainability benefits.
