Generative AI, cloud-based technologies to revolutionise logistics in 2024: Report – Times of India
Amidst global disruptions, including the impact of the COVID-19 pandemic, logistics and technology played pivotal roles in stabilising the situation. Now, businesses are re-engineering their supply chains for resilience and growth. According to a report by global logistics technology company Locus, a pivotal shift in the business landscape while embracing generative AI and cloud-based technologieswill revolutionise the global logistics landscape.Global research indicates a shift in the generative AI logistics market. This is poised to surge from its current valuation of $412 million to $13,948 million by 2032, which demonstrated a CAGR of 43.5%.How these technologies will improve logisticsGenerative AI promises a transformative impact on logistics, from minimising stockouts to optimisin...