The Impact of Data Analytics, Automation, AI, and IoT on Vietnam’s Logistics Industry

Scott Douglas McDonald ()
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Scott Douglas McDonald: RMIT University

Chapter Chapter 4 in Transforming Logistics in a Developing Nation, 2024, pp 53-72 from Springer

Abstract: Abstract In the heart of Vietnam's dynamic logistics landscape, this chapter explores the transformative forces reshaping the industry. Focusing on Data Analytics, Automation, Artificial Intelligence (AI), and the Internet of Things (IoT), it explores their profound impact and promising potential. The chapter begins by elucidating the critical role of data analytics in optimizing supply chain operations, enabling actionable insights extraction and process streamlining. It then examines the automation wave sweeping through Vietnam's logistics industry, showcasing its benefits and societal implications. Artificial Intelligence emerges as pivotal, enhancing route optimization, demand forecasting, and customer service. Integration with IoT further advances logistics, enabling smart, interconnected supply chains. Emphasizing adaptability, the chapter highlights how embracing these technologies positions companies as industry leaders, encouraging growth and resilience. This narrative highlights the intricate dance between technology and logistics, promising increased efficiency, reduced environmental impact, and a brighter future for Vietnam's logistics industry.

Keywords: Data analytics; Automation; Artificial intelligence (AI); Internet of things (IoT); Logistics industry (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-97-7819-5_4

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DOI: 10.1007/978-981-97-7819-5_4

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