The implementation of digital twins will significantly improve logistics operations according to DHL’s trend report on Digital “Twins in Logistics”.
The technology enables companies to better understand and manage physical assets using digital models. Digital twins can reveal insights from the past, optimise the present and even predict future performance. According to DHL the technology is already well established in some industries and has the potential to significantly change logistics operations.
“The market for digital twins is expected to grow more than 38 percent each year, passing the $26 billion mark by 2025,” said DHL senior vice president, global head of innovation and commercial development Matthias Heutger.
“Digital twins offer unparalleled capabilities to track, monitor, and diagnose assets. They will change traditional supply chains, with a range of options to facilitate data-driven decision making and collaboration, streamlined business processes, and new business models. We are keen to work with our customers and partners to jointly explore applications in our industry.”
DHL Customer Solutions & Innovation vice president, innovation and trend research, Markus Kückelhaus added: “Powered by IoT, cloud computing, artificial intelligence and advanced visualization tools, digital twins are becoming a more attractive and accessible option for companies.”
The Trend Report: “Digital Twins in Logistics – A DHL perspective on the impact of digital twins on logistics” is available here.