5G and Companion Technologies as a Boost in New Business Models for Logistics and Supply Chain

Abstract

The transport and logistics industry plays a crucial role in supporting the economy, but it faces various challenges, including high costs and the need for operational efficiency. To address these challenges, the industry is embracing digital transformation, and 5G networks are expected to play a significant role in this process. This paper explores the benefits of 5G technologies in the transportation and logistics sector, focusing on device density, low latency, network slicing, supply chain visibility, port operations, and enhanced communication. Additionally, the paper emphasizes the importance of stakeholder engagement and sustainability considerations in the adoption of innovative technologies. The research methodology involves an online survey administered to stakeholders in the port logistics sector, aiming to assess their knowledge and implementation of innovative technologies. The paper also reviews the relevant literature and highlights the potential of digital technologies, such as IoT, blockchain, AI, and 5G, in optimizing supply chains and port operations. The findings provide insights into the current state of knowledge and implementation of innovative technologies in port operations and the potential for market adoption and contribute to understanding the benefits and challenges of 5G technology in the logistics industry.

Critical Steps and Conditions to Be Included in a Business Model in Logistics, Seeking Competitive Advantage from the Perspective of the Modern Digital Age and Industry 4.0

“…By automating tasks, internal operations can save manual labor and lower logistics costs. It allows more time for the logistics team to find ways to optimize workflows using automation [98]. These innovative actions and the shift to the digital age are transforming the logistics industry, making it more flexible.…”