By Pankaj Kumar, the Managing Director, Shard Center for Innovation
Down memory lane, many of us can relate drones only to sci-fi films. It is difficult to believe that now they are not only a matter of reality, but instrumental to crucial changes in various industries. Presently, as consumer expectations shift towards faster and more reliable delivery services, businesses are exploring innovative solutions to enhance their supply chain operations. Drones, or Unmanned Aerial Vehicles (UAVs), are emerging as key components in this transformation.
According to Mr. Pankaj Kumar, the Managing Director of Shard Center for Innovation, “One of the most interesting technological developments of the 21st century is the integration of drones in the supply chain logistics. Drones have the potential to completely change the way that goods and services are delivered by giving the businesses ability to lower logistical costs, boost productivity, and provide customers with faster product delivery. This revolutionary innovation not only redefines operating standards but also holds out the possibility of a time when supply chains will function more responsibly than ever before and also meet the evolving demands of global commerce.”
Works on increasing efficiency along with speed:
Integration of drones into supply chain logistics will enhance efficiency and speed. Traditional delivery methods are used to face challenges such as traffic congestion, lack of precision, lack of rail-road infra, and frequent human errors. The Use of drones in logistics services can overcome these challenges and improve delivery quality and proficiency. It can also optimize the utilization of delivery routes, by way of re-routing through AI on a real-time basis. This helps in last-mile deliveries, where speed and precision – both are important.
Helps in improving accessibility
Drones can revolutionize the logistics services in hard-climate, remote and inaccessible areas. Conventional transportation methods struggle to connect these regions, eventually leading to delays and increased costs. Drones can easily cross these challenging areas and deliver goods to locations that are difficult to access. This is particularly useful for delivering medical supplies, emergency aid, and essential goods to areas affected by natural disasters or without basic infrastructure.
Effective in improving safety
Drones have an important role in logistics and safety operations. They enable real-time tracking and monitoring of shipments, ensuring timely and intact delivery. By inspecting storage facilities and transportation fleets, drones uphold safety standards while handling regulatory compliance. They also conduct inspections in hazardous environments like mining sites, mitigating risks of accidents and fatalities. These are equipped with advanced sensors and can detect environmental issues such as temperature and humidity, ensuring optimal storage conditions for goods.
Future of drones in the workplace:
The future of supply chain logistics is closely linked to advancements in drone technology and AI. As AI-skilled professionals are becoming more widespread in today’s workforce. While the integration of drones in logistics is in the early stages, the growth potential is very vast. According to a MarketsandMarket report, The drone logistics and transportation industry is expected to increase from USD 0.9 billion in 2023 to USD 16.1 billion by 2030, representing a remarkable CAGR of 50.1% throughout this period.
By introducing drone technology at an early age, schools can provide students with the tools and knowledge they need to succeed in this highly competitive world. Companies adopting this technology will lead the industry, driving efficiency, reducing costs, and enhancing competitiveness. Drones and AI will revolutionize logistics, offering significant benefits and transforming how goods are transported, monitored, and managed. Embracing these technologies will be crucial for staying ahead in the evolving world of supply chain logistics.