Industry 4.0 started as a German government’s initiative to digitize the manufacturing processes and uplift their manufacturing industries. The world started adopting it, moving towards digitization and automation of processes, real-time data, and increasing operational efficiencies.
However, Pakistan was still thinking in 2019 if it was ready for the Fourth Industrial Revolution (FIR). The next year gave no one another chance to think whether they were ready for digitization or not. And we never know what could transform everything, next. According to the Institute of Policy Studies (IPS), Pakistan had been far behind, living in Industry 2.0 until 2017 while the world moved towards the 4th, keeping its eye on the 5th. The year 2020 came as a push for the entire world towards digitization and also indicated to us that Pakistan must work its way up to faster than ever before. While Industry 4.0 is said to transform the landscape by 2030, certain elements of it have already started making progress in the country.
What Industry 4.0 Means for Transport & Logistics in Pakistan
According to a study conducted in Pakistan, the logistics industry needs to improve massively to match the progress of neighboring countries like China, India, and Malaysia. That is where the role of futuristic startups like Lorryz comes in. Digitization of the freight network, real-time tracking of the carriers, route optimization, and adopting the ride-hailing model for transportation of heavy shipments are the main elements that these startups want to disrupt the industries with.
Ironically, these futuristic ideas are the need of yesterday. Although the lack of progress in Pakistani industries has been concerning, it is all about to change as we become readier for new technologies to transform how we process.
A digital freight network, readily available on an app, for any individual or business, is a much-needed revolution that is already changing how road freight is conducted and optimized.
On-demand freight availability maximized backloads, route planning, and optimized journey plans along with real-time tracking have been some of the major winning factors, helping the transport and logistics industry boost to the next level.
Businesses have the opportunity to outsource their freight processes to a specialized digital freight network and gain an edge over the competition locally and worldwide. As we know that Industry 4.0 is minimizing the time required in manufacturing and also the time to market, opting for a digital freight network is not only an opportunity but the need of the time.
What could be more convenient than opening an app, choosing the required truck size, and posting a request for the carrier that fulfills your requirements? It is almost as if you are hiring a cab from your smartphone to reach your destination.
How simpler and smarter can that get?
Real-time tracking also keeps you informed about your products in-freight. That heavily reduces the psychic cost involved in the transportation of valuable goods from one destination to another.
The entire world is moving towards Industry 4.0, raising the expectations of customers to a whole new level. They expect to be served immediately and like to have their say in the manufacturing of goods as per their personalized needs. Customer centricity, therefore, has become the key factor in the success or failure of businesses worldwide.
Fulfilling customer expectations is only possible when industries adopt the smart manufacturing transportation revolution and integrate technology deeply into their value chain.
The question is not if we are ready for adopting it, but the new question is why haven’t we and already?