Stephen Day, the CEO and president of Logistics Group International (LGI), has been working in the transportation and logistics sector for more than two decades. The previous partner at RLS International Transport, Stephen Patrick Day offers numerous transport and logistics services through LGI in Houston, Texas.
As with any industry, the supply chain and logistics sector is heavily impacted by continuing technological advancements, one of which is artificial intelligence (AI). AI solutions have been steadily implemented by many logistics companies over the past few years and are capable of generating anywhere from $1.3 trillion to $2 trillion a year by saving companies money and automating time-consuming actions. In fact, as trends toward AI adoption continue through 2020, the technology is expected to benefit many involved in the logistics sector, such as shippers and carriers, along with consumers.
In the logistics field, AI can be utilized to automate many warehouse operations, such as inventory processes and data collection. This improves the accuracy of demand predictions and helps with advanced logistics planning. The sector can also benefit from the increasing prevalence of autonomous vehicles, smart roads with solar-powered LED lights, and back-office assistance all made possible via AI technology.
Stephen Day 