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Autonomous Vehicles for Effective Supply Chain

Companies of all different kinds are entering the autonomous vehicle market. Due to the potential in which autonomous vehicle can drastically improve situations in the companies, huge amounts of funds have been invested into this area for research.

The hype that self-driving vehicles will have an immense impact on individual consumer travel, but it will also greatly impact logistics and supply chain management as well. How will it impact supply chain as a whole?

Autonomous Vehicle Technology

There is a real possibility of fleets becoming totally autonomous as well. Truck platooning and autonomous trucks could be a reality by 2030. Rolls Royce has announced plans to launch autonomous cargo by 2030.

While replacing or aiding man was a critical criterion for autonomous technology in material handling, for fleets, the value of autonomy centres around fuel economy. Truck platooning, for example, could mean saving as much as 20 percent on fuel costs.

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Feremy Chua Yue Xuan, ADLSM
Feremy Chua has several years of factory management experience in the manufacturing industry. He is currently a department head supervising third party logistics operations in a leading food manufacturing company. Feremy holds an Intelligent Building Technology Diploma in Temasek Polytechnic. He is a qualified member of the Singapore Institute of Purchasing and Materials Management (SIPMM). He completed the Advanced Diploma in Logistics and Supply Management (ADLSM) course on July 2018 at SIPMM Institute.

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