5 Autonomous Vehicle Technology Uses in Shipping and Logistics
From reducing freight and logistics costs to improving fuel efficiency and reducing delivery times, autonomous technology can be a game-changer for the shipping industry.
Autonomous trucks and vehicles promise significant benefits to an industry that struggles with rising labor shortages and demand for delivery time. The American Trucking Association estimates the shortage of most 174,500 drivers by 2024, due to an aging workforce and the difficulty of attracting younger drivers.
Meanwhile, the rise of e-commerce and shorter delivery times is driving a need to overcome restrictions on hours driven and capital utilization.
According to McKinsey, The United States, 65 consumer goods taken to market with fill sovereignty operating output will decrease by about 45% saving. That would save Americans between $85 and $125 billion in the rental Trucking Industry. In addition to improvements in operational efficiency, autonomous trucks and vehicles reduce freight costs, improve truck use, reduce logistics costs, improve blindness efficiencies, and obviously, reduce delivery times.
However, the thought of large trucks driving themselves on highways or in busy urban areas gives rise to several concerns – and reasonably so. while progress is being made in understanding the benefits of autonomous vehicle technology, manufacturers’ right safety technology is in place and society is ready.
Here are five ways that autonomous vehicles and trucks will be used for shipping and logistics.