DHL Trend Report: Implementation of Digital Twins to Significantly Improve Logistics Operations: Falling cost of key technologies is opening the door for widespread adoption given a variety of applications for digital twins in logistics. DHL invites its customers and partners to jointly explore full potential of digital twins.

WESTON, Fla., July 2, 2019 /PRNewswire-PRWeb/ -- DHL has released a new Trend Report on "Digital Twins in Logistics" which explains the concept and rise of digital twins and how this technology has the potential to significantly change logistics operations. Digital twins can help are to better understand and manage physical assets, their use is already are well established in some industries.

A digital twin is a unique, virtual representation of a physical object that monitors and simulates both the physical state and behavior of the object. The digital copy is continually connected to its physical counterpart(s) and updates itself to reflect real-world changes. Applied to products, machines and even entire business eco-systems, digital twins can reveal insights from the past, optimize the present and even predict future performance.

"The market for digital twins is expected to grow more than 38 percent each year, passing the $26 billion mark by 2025," explained Matthias Heutger, Senior Vice President, Global Head of Innovation & Commercial Development at DHL. "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...