Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Transportation logistics field has experienced a number of significant changes in recent years due to innovations in technology, and there are a number of emerging concepts that have surfaced over the past 1 to 2 years as a result. To determine the facts, this paper provides a review of the relevant literature to identify several of these emerging concepts, including a detailed discussion concerning their respective importance in the transportation logistics management (TLM) field. An analysis concerning the direction these emerging trends will take in the future and their potential future impact within the TLM field is followed by a summary of the research and important findings concerning these issues in the conclusion.
Review and Analysis
The concepts that are emerging in the TLM field today may have appeared as so much science fiction just a few years ago, but concepts such as 3D printing, drone deliveries and driverless vehicles have become reality over the past 2 years to the extent that they are being adopted by a growing number of enterprises. For example, according to Robinson (2015), "Today, the industry is cautiously adopting these technologies to provide faster, cheaper, more reliable and sustainable delivery" (para. 3).
Three-dimensional printing, or 3D printing, appears to hold...
For instance, according to Grace (2014), 3D printing has been characterized as a "third industrial revolution" that will "allow for tremendous efficiency gains in the areas of rapid prototyping and supply chain management" (p. 264). These technologies use various materials such as plastic, steel, ceramics or even food ingredients instead of ink to fabricate bespoke or production level three-dimensional objects, layer by layer (Grace, 2014). Although the process is time-consuming, further innovations in these technologies are expected to reduce the time required for fabrication (Grace, 2014).
Although the use of drones for commercial applications such as consumer deliveries remains in its infancy, current signs indicate that this may be a viable alternative in the foreseeable future (Rule, 2015). This emerging concept also holds enormous promise for the TLM field. In this regard, Rule emphasizes that, "For a fraction of the cost of an airplane or helicopter, drones can fly through treacherous areas without endangering human lives, soar past traffic jams to make urgent deliveries, and provide valuable birds-eye views of happenings below" (p. 156). Despite these advantages, this emerging concept is still faced with a number of regulatory issues that will require resolution…
References
Frey, T. (2012, December). Creating cars that talk to the roads. Journal of Environmental Health, 75(5), 38-40.
Grace, J. (2014, Fall). The end of post-sale confusion: How consumer 3D printing will diminish the function of trademarks. Harvard Journal of Law & Technology, 28(1), 263-271.
Robinson, A. (2015, January 14). The future of logistics: Are 3PL companies ready to adopt these four emerging technologies? Cerasis. Retrieved from http://cerasis.com/2015 / 01/14/future-of-logistics/.
Rule, T. A. (2015, January). Airspace in an age of drones. Boston University Law Review, 95(1), 155-160.
Highway Funding Structure: Wal-Mart's Innovations in Logistics The United States has one of the most complicated road systems in the entire world. These complexities have a number of head aches, but also some serious luxuries that allow American motorists to enjoy traveling in a more streamlined manner than anywhere else on the globe. As more and more cars get on the road, there is ultimately more pollution. As such, companies like
Logistics in Aviation Aviation logistics: Competitive advantage and technological innovation Prelude In the modern era, the worldwide logistics and supply chain is very cut throat and keeping an edge over others is important for all the firms in operation. Worldwide competition in aviation logistics business is cut throat with numerous firms. Firms in this business survive only when they maintain an edge over their rivals in the business in order to keep the
1926, Yellow had been in the transportation industry. The deregulation of the transport industry saw the company decline in revenue because of the introduction of smaller and flrxible competitors. As an old company, it followed a non-viable method of operation and was run like a family business, with a degree of autocracy. The company had no vision, a narrow focus and lacked customer-orientation. To counter the declining business opportunity as
Innovation Distribution Company: A Total Cost Approach Understanding Supply Chain Risk Case The initial purchase cost per unit paid to Dong Hai Supply is calculated as follows. The current exchange rate is 1 CNY China Yuan Renminbi = 0.14646 U.S. Dollar. As pointed out, the price per unit in Dong Hai supply is 547 ¥. Therefore, the price per unit is 547 x 0.14646 = 80.11362. The initial purchase cost per unit in
21). Conversely, Michman and Greco (1999) point out that, "Some department stores have failed because many have provided a stale and unexciting physical environment to customers. Another reason has been that some department stores have been unable to implement effective inventory management systems, thereby lowering costs to either match or at least approach the prices offered by discounters" (p. 4). Effectively managing inventory also requires the ability to monitor current
From the year 1991, environmental considerations have come to be an important standard with regard to Nestle's renovation and innovation of packages and that of the packaging materials. Reduction with regard to the amount of packages and packaging materials which are required for a product and at the same time making conditions for protecting safety and quality is an ongoing important primary objective and priority. Nestle's 'No Waste at Work'