Cargo Insights engages with professionals in the cargo industry to delve into the significant dynamics at play. Advancements in digital technology and the increasing concerns about the environment are currently shaping the industry in a profound way. These factors bring with them substantial challenges that have the potential to bring about both favourable and unfavourable consequences for the cargo sector. Numerous stakeholders within the industry are actively committed to tackling the possible drawbacks. Consequently, conversations within the cargo sector are primarily focused on adeptly merging technological advancements with practices that prioritize environmental sustainability.
RAdm. (retd.) Mukul Asthana, Senior advisor, NITISARA, Spokesperson
The logistics industry is undoubtedly the lifeblood of the global economy, providing essential support for the transportation, storage, and delivery of goods. However, the industry has also had a significant impact on the environment, contributing to greenhouse emissions, waste generation, and other environmental issues.
There are companies like ours that are building the technology architecture to incorporate sustainability measures. Their ‘Cross-Border Logistics Solutions’ adapt emerging technologies such as AI and automation systems to effectively address the challenges of pricing visibility, cargo tracking, scope 3 carbon emissions, and trade compliance.
Vaibhav Vohra, Managing Director, Continental Carriers
The evolution of logistics, geared towards sustainability, has witnessed remarkable progress. Businesses are adopting eco-friendly transportation, optimising routes, and using energy-efficient technologies. Data analytics enhances supply chain visibility, curbing waste and carbon footprints. Circular economy principles gain ground, emphasising recycling and waste reduction.
Industry-government collaborations enforce stricter environmental regulations, compelling cleaner operations. Alternative fuels, electric vehicles, and last-mile innovations like drones cut congestion and emissions, showcasing a commitment to eco-friendly logistics.
This transformation balances economic growth and ecological preservation. Technology is pivotal in driving logistics’ sustainability. Data analytics and optimisation algorithms streamline routes, curbing fuel consumption. Digital platforms foster collaboration, optimise loads, and reduce trips.
Dr. Ankur Sharan, Supply Chain Manager, Hindustan Times
Logistics recently shifted from efficiency to sustainability, acknowledging its ecological impact. This has led to efforts to reduce emissions, reduce waste, and optimise resources. Businesses now prioritise eco-friendly strategies such as refining supply chains, adopting green transportation, and using technology for efficient tracking.
This highlights a stronger commitment to responsible resource management and combating climate change in the industry. Technology plays a pivotal role in advancing sustainability in logistics. State-of-the-art software and data analysis enable advanced route planning, effectively reducing fuel consumption and emissions.
Real-time tracking using IoT sensors enhances inventory oversight and prevents losses by ensuring meticulous shipment monitoring. Ultimately, technology empowers the logistics industry to adopt sustainable practices, boosting efficiency while simultaneously lessening its environmental impact.
Anirban Sanyal, Sr. GM, Supply Chain & National Logistics, CenturyPly
In recent years, mature organisations have shifted their focus towards Environmental, Social, and Governance (ESG) factors, emphasising sustainability. The logistics sector, a significant contributor to carbon emissions, bears a crucial responsibility for reducing its carbon footprint. To this end, the industry has initiated measures aimed at carbon emission reduction and holistic sustainability.
These efforts encompass optimised delivery routes, the integration of green energy sources, and the establishment of diverse, sustainable work environments, aligning with governmental policies like the National Logistics Policy. Technology serves as a catalyst for sustainability in logistics, acting on both the physical and digital supply chains. Agile supply chain management optimises routes, cuts inventory, and refines demand forecasting, effectively minimising waste.
Responding to consumer demand for carbon transparency, companies provide precise emission data on invoices, underscoring the industry’s dedication to transparency and eco-friendliness. The fusion of technology and logistics is reshaping the industry’s trajectory and driving it towards a sustainable future.
Manish Soin, Sr. VP, Export Control & Customs, Siemens Healthcare
Logistics, an age-old trade pillar, has undergone continuous evolution, but a pivotal shift occurred during the COVID-19 pandemic. E-commerce flourished, integrating data analytics and AI and compelling logistics to optimise supply chains, reduce costs, and enhance efficiency. Real-time tracking eased customer concerns.
This adaptable evolution, navigating operational dynamics, embodies sustainability, preserving critical value chains despite challenges. Technology’s pervasive influence extends to logistics, enhancing every aspect from raw material sourcing to end-product distribution. Sustainability is the common thread: optimising costs, embracing EVs, cleaner fuels, and resource circulation.
Technological infusion reduces carbon emissions, aligning with the triple bottom line: Profit, People, Planet. Logistics’ sustainable transformation hinges on technology, aligning economic prosperity with environmental well-being and promising timely deliveries in a cleaner, healthier environment.