DEVELOPMENT PROSPECTS OF DIGITAL TRANSFORMATION IN TRANSPORTATION AND LOGISTICS


Keywords: digitalization, supply chain, shipping, global platform, automation.

Abstract

Topicality. The supply chain of tomorrow will be leaner, faster and most importantly, self-orchestrated. This unprecedented pace of change will be driven by a few radical technologies that will be cautiously adopted by industry participants over the next 15 years.

Aim and tasks. The aim of this article to determine the level of implementation of digital technologies in transport industries, identify obstacles to their wide distribution, as well as assess the immediate prospects for the use of electronic document management, web platforms, artificial intelligence, large data in the field of transport and infrastructure.

Research results. This new era has seen several technological advances fuse, creating powerful new digital tools that will be used to dramatically reshape industries, including logistics, over the next few years. This slower rate of digital adoption brings enormous risks that, if ignored, could be potentially catastrophic for even the biggest established players in the business. There are benefits of using e-carrier to manage shipments and logistics, such as: easier planning of shipments; save time with web booking of transport; improved workflow with a document management system; direct access to statistics and reports; optimised order management and inventory overview. The purpose of bringing automation to ports and terminals is to introduce a whole new level of consistency when handling cargo, and the results are: reduced labor costs, minimization of human errors and delays, reduced carbon emissions compared to manually operated terminals.

Conclusion. The rapid evolution of new technologies and their affordable nature is driving people to adopt them on a massive level, making their lives easier. This forces entities and their ecosystems to transform in order to improve their competitive position and sometimes even to maintain it. Digitalization will help to deliver better business results and to better control trading and operational risks in one place. Timing is, of course, another opportunity as shipping and trading companies need to be able to react much faster today than they did in the past. Cloud technology within the digitalization wave will unleash those opportunities.

Author Biographies

L.V. SHYRIAIEVA

Doctor in Economics
Odesa National Maritime University

Mechnikova str, 34 Odesa, Ukraine, 65029

O.K. AFANASIEVA

PhD in Economics
Odesa National Maritime University

Mechnikova str, 34 Odesa, Ukraine, 65029

M.O. FEDORUK

Master of Management
Odessa National Maritime University

Mechnikova str, 34 Odesa, Ukraine, 65029

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Published
2019-12-20
How to Cite
SHYRIAIEVA, L., AFANASIEVA, O., & FEDORUK, M. (2019). DEVELOPMENT PROSPECTS OF DIGITAL TRANSFORMATION IN TRANSPORTATION AND LOGISTICS. Economic Innovations, 21(4(73), 189-198. https://doi.org/https://doi.org/10.31520/ei.2019.21.4(73).189-198