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Insights for the Food and Grocery Industry

AI and IoT-powered supply chain automation is revolutionising Indian logistics

Because of the deployment of AI and IoT-powered robots in SCM, the Indian logistics automation market is predicted to develop at a CAGR of 16.2% from 2023 to 2028. These robots are small and compact, space saving, and increase sorting efficiency by 10X while decreasing error margins. These AI- and ML-enabled robots automate the whole process, from order picking, sorting, and storage to distribution and shipment, decreasing the need for human intervention. According to a McKinsey analysis, the primary impetus for supply chain automation is cost reduction. Accuracy, enhanced employee morale, productivity, dependability, consistency, compliance, and a low technical barrier are all advantages of robotic technology in SCM. Robots, according to 55% of supply chain executives, improve the quality of their everyday jobs, raise productivity through R&A, provide greater flexibility, assure safety for harmful operations, and relieve staff of strain. Autonomous robots will become commonplace in the next five years as a result of enhanced efficiency, reduced risk of harm, increased worker productivity, and a lower mistake rate. AI, machine learning, and robots are cutting-edge technology that the supply chain sector must use to deal with post-pandemic consumer behaviour changes.

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