The digital revolution has been a part of almost all sectors and industries worldwide. Characterized as a union of technologies that is blurring the lines between the physical, digital, and biological spheres, this technological innovation is boosting productivity, opening newer markets and driving economic growth. Thus, after sectors like education, agriculture, healthcare, automobile, etc. the latest domain to reap the benefits of this digital development is the trucking industry.
What digitization means for this business and how it is changing the heavy-duty commercial truck industry?
Digitized trucking systems comprise a comprehensive system controlled by technology. This includes autonomous communication, remote diagnostics, and a similar virtual supply chain through GPS tracking, SMS, and real-time data analysis. Through this technology, companies can also live-track the vehicle as opposed to the conventional method of knowing the whereabouts at the starting and the finishing point of the journey. This continuous monitoring and collection of data have resulted in increased efficiency, safety and savings for the sector. very few companies are making it happen like Mavyn.in which is the only digital organization in India.
- Paperless – Trucking companies are working paperless i:e without having any printed stationary from shipment booking to delivery to bill submitted to payments received. Every document is digitally prepared and is accessed through App.
- Faceless – Companies are providing services entirely faceless where no manpower is involved neither at origin nor at destination point.
- Digital Payments – In traditional trucking, advances need to be paid to truckers in cash for fuel, diesel and enroute expenses but now all transactions are made digitally.
Digitalization is changing Indian logistics industry but at a slow pace. It will take 5 to 7 years to move from unorganized to organized space.