Applying artificial intelligence in the logistics sector of Lithuania: prospects and opportunities

Nikolaj Ambrusevič () and Živilė Gomienė ()
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Nikolaj Ambrusevič: Vilniaus kolegija / Higher Education Institution, Lithuania
Živilė Gomienė: Vilniaus kolegija / Higher Education Institution, Lithuania

Entrepreneurship and Sustainability Issues, 2024, vol. 11, issue 3, 176-188

Abstract: Logistics has been one of the most important sectors of Lithuania's economy. However, recent economic, social and political challenges significantly impacted sector development, making its representatives search for new ways of business development by changing conservative models with more advanced ones. For instance, changes in the logistics sector affected by the implementation of remote work opportunities have created possibilities for providing logistics-related services across the globe. Most of the attention is being paid to solutions based on the application of artificial intelligence, and the future of logistics sector development is closely dependent on it. The paper aims to discover new prospects in applying artificial intelligence in the logistics sector by bringing forward an overview of the main sector's activities, performing historical economic data analysis and conducting a survey with representatives of leading companies from the logistics sector in Lithuania. The multicriteria method is used in data analysis, helping establish the main prospects in the sector's development.

Keywords: Artificial Intelligence (AI); Internet of things (IoT); logistics; Multi-Criteria Analysis (MCA) (search for similar items in EconPapers)
JEL-codes: M10 O32 R40 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:11:y:2024:i:3:p:176-188

DOI: 10.9770/jesi.2024.11.3(12)

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