SUSTAINABLE INNOVATIONS AND SOLUTIONS IN BUSINESS LOGISTICS

Abstract

Logistics businesses are developing day by day. However, those organisations have been facing many challenges to implement many advanced technologies in logistics. This article examines the innovation and solution of business logistics by discussing the various advanced technologies that can be implemented in logistics, sustainability of these technologies, challenges and solutions for the innovation in logistics business. Innovative practices such as automation, predictive analytics, Internet of Things, block-chain technology, and last mile delivery innovations have been discussed in this article. The article points out, high cost of the technologies, lack of adapting capacity of employees and manageable issues are the main challenges of applying innovative technologies in logistics. By researching many scientific articles, this article highlighted the solutions of these challenges as continuous evaluation of these technologies, collaboration with employees and stakeholders, proper investment, training of employees and proper communication. There are many companies applying the newest technologies in logistics. Albeit, there are many organisations who are still facing many challenges. This paper narrates everything about the innovation and solution of business logistics.