Inbound Logistics | 3 Innovations on the Fast Track

May 2020

View original post from Inbound Logistics on May 19, 2020 here.


COVID-19 Supply Chain Resources & Recovery Strategies

3 Innovations on the Fast Track

1. Delivery drones. Their deployment has been fast tracked to reduce the risk of exposure for drivers and bolster capacity to meet soaring demand for home deliveries. For example, UPS and CVS plan to use drones to deliver prescription medications to a Florida retirement community. Alphabet’s drone delivery company, Wing, has also seen a strong increase in demand for drone deliveries, with volumes more than doubling at its test locations in the United States and Australia.

2. Autonomous vehicles. In April 2020, the Mayo Clinic announced it would use self-driving shuttles to move COVID-19 tests from a testing site to a processing lab in Florida to speed delivery and limit potential exposure.

3. Robotics solutions. Retailers are increasingly adopting technology to combat supply chain disruptions caused by the pandemic. In its latest earnings report, Target notes accelerated investments in robotic solutions to rapidly replenish in-demand products and monitor pricing on the sales floor. Grocers Albertsons and Stop & Shop are testing the use of robotics to process customer orders at their warehouses.

Summary

Contributor

Meet our Senior Team in Business Services

Related Perspectives

Scale your Career: What Makes a Good Investment Banker Great?

For new analysts and associates, communication, collaboration and coordination are essential components of a successful investment banking career. Individuals who can communicate and collaborate effectively with colleagues across title levels… Read More

Career Path Options for Prospective Investment Bankers

If you are seeking an opportunity in a fast-paced environment where you can learn a wide variety of skills and advise clients on mergers and acquisitions as well as raising… Read More

From Corporate Social Responsibility to PE Impact Funds: Investor Interest in ESG and Sustainability Gains Pace

Institutional investors are increasingly accountable for how they deploy capital. More so than the widespread divestment from fossil fuels over the last decade, some capital allocators today are seeking to… Read More

E-commerce, Sustainability and Digital Capabilities Drive Consolidation

Following a rebound in the first half of 2021, the outlook for the economy remains positive for the second half of the year as vaccination rates continue to climb and… Read More