Steer­ing down the Green road

Kushal Na­hata, CEO & Co-Founder, FarEye, talks about the grow­ing need for lo­gis­tics play­ers to in­te­grate ‘green’ meth­ods in their op­er­a­tions and how the lo­gis­tics in­dus­try is re­duc­ing its en­vi­ron­men­tal im­pact.

Cargo Talk - - Guest Column - (The views ex­pressed are solely of the au­thor. The pub­li­ca­tion may or may not sub­scribe to the same.)

Ever since the in­dus­trial rev­o­lu­tion, there have been sig­nif­i­cant changes in the en­vi­ron­ment due to hu­man ac­tiv­ity. Lo­gis­tics is one of the most im­por­tant seg­ments of a busi­ness’ value chain across all in­dus­tries. Trans­porta­tion of goods leads to ve­hic­u­lar car­bon emis­sion and ad­versely af­fects the en­vi­ron­ment. The adop­tion of digital lo­gis­tics has been a game-changer in this field. The use of ad­vanced an­a­lyt­ics and Ma­chine Learn­ing al­go­rithms are mak­ing lo­gis­tics op­er­a­tions more en­vi­ron­men­tally friendly. The key func­tion­al­i­ties help­ing the cause are:

Ca­pac­ity util­i­sa­tion: Digital lo­gis­tics helps in util­is­ing the full ca­pac­ity of ve­hi­cles in a fleet. This is achieved us­ing so­phis­ti­cated al­go­rithms. Higher ca­pac­ity util­i­sa­tion leads to a smaller num­ber of trips, and sub­se­quently leads to lower emis­sion of green­house gases and pol­lu­tants.

Auto-rout­ing: Al­go­rithm-based auto-rout­ing pro­vides the best route for transport of goods, thereby re­duc­ing the dis­tance tra­versed by the fleet. This helps in re­duc­ing fuel con­sump­tion and the emis­sion of car­bon diox­ide and other gases by a sig­nif­i­cant mar­gin.

Elec­tronic doc­u­men­ta­tion: Digital lo­gis­tics make the en­tire doc­u­men­ta­tion process au­to­mated and elec­tronic, thereby sig­nif­i­cantly con­tribut­ing to re­duc­tion in de­for­esta­tion by fore­go­ing the use of mas­sive amounts of pa­per.

The lo­gis­tics in­dus­try is set to be at the cusp of a tech­no­log­i­cal rev­o­lu­tion. New break­throughs in tech­nolo­gies and their rapid adop­tion would help in­dus­tries re­duce their car­bon foot­print and be more en­vi­ron­men­tally re­spon­si­ble. The key trends are:

Elec­tri­fied lo­gis­tics fleet: Lo­gis­tics ser­vice providers are ex­per­i­ment­ing with the use of elec­tric ve­hi­cles in their fleet. Some play­ers are us­ing e-bikes for in­ner-city de­liv­er­ies. The shift from hy­dro­car­bon ve­hi­cles to elec­tric ve­hi­cles will sig­nif­i­cantly lower the en­vi­ron­men­tal im­pact.

UAV/Drone: The us­age of UAVs (Un­manned Aerial Ve­hi­cles) in lo­gis­tics is at a nascent state. Drones are more ef­fi­cient as they need to cover a shorter dis­tance than on-road fleets and are bat­tery op­er­ated.

IoT: Cloud-based RFID chips, GPS track­ers, ad­vanced ve­hi­cle telem­at­ics, and sen­sors con­sti­tute IoT. It makes com­mu­ni­ca­tion pos­si­ble be­tween in­fra­struc­ture and ve­hi­cle, ve­hi­cle and ve­hi­cle, as well as in­fra­struc­ture and in­fra­struc­ture. The seamless flow of in­for­ma­tion would help in op­ti­mis­ing the en­tire net­work.

The lo­gis­tics in­dus­try is set to grow in both value and vol­ume in the fu­ture. Digital lo­gis­tics and the ap­pli­ca­tion of other emerg­ing tech­nolo­gies will be nec­es­sary to at­tain sus­tain­able growth in this sec­tor.

Digital lo­gis­tics and the ap­pli­ca­tion of other emerg­ing tech­nolo­gies will be nec­es­sary to at­tain sus­tain­able growth

Kushal Na­hata CEO & Co-Founder FarEye

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