PANALPINAX focuses on innovative technologies with a potentially high impact on the freight forwarding and logistics industry, such as the Internet of Things (IoT), cloud computing, predictive analytics, artificial intelligence (AI) and blockchain.
In the short term, IoT can help us streamline our processes and create more efficient supply chains. The challenge will lie in deriving the relevant actions from the wealth of IoT data. Predictive analytics and artificial intelligence will optimize products and services and create new ones, as can currently be seen in Amazon’s recommendation engine. Blockchain technology, which creates a digital record of every transaction made in a decentralized and secure way using cryptography, has the potential to disrupt the industry in the long term by impacting contracts, freight payments, chain of custody, and other issues facing the industry.