How the Internet of Things impacts the logistics business
It’s always been the biggest challenge in the logistics sector to keep track of where everything is. While most transportation & logistics service providers are already using mobile technologies, a changing regulatory environment, rising labor rates, increased traffic, and the volatile nature of fuel costs continue to make operations challenging. On top on that, companies are also facing rising demand from the market with a growing need for more transparency.
Real-time tracking and remote monitoring solutions for smart logistics
Since the Internet of Things has a huge potential to keep almost everything connected (e.g., assets, trucks, etc.) using embedded sensors, it provides unprecedented visibility into personnel, operations, equipment, and transactions. With the right IoT solution in place, companies can connect all assets across a centralized cloud network, and capture critical data to make sure everything is in order. As it facilitates assets tracking and remote fleet management, companies can effectively ensure compliance, improve performance and agility, and reduce risk.
Asset tracking & management system that delivers major savings
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Once a proper IoT-enabled infrastructure is created and deployed, it enables organizations to easily locate and monitor key assets to optimize logistics, prevent quality issues, and maintain inventory levels. IoT-driven solutions allow fleet managers to monitor and manage everything from a single place, which helps them make informed decisions about how goods are monitored, stored, routed, and delivered to customers. A recent study suggests that companies who invested in IoT have observed a dramatic increase in their efficiency.
Through an increasing number of embedded sensors, connected devices, and analytics technologies, companies in transport and logistics can more intelligently exploit their rich and complex data asset base, optimize operations, and create new revenue possibilities.
What you can do with IoT in logistics:
Internet of Things will deliver $1.9 trillion boost to supply chain and logistics operations over the next decade.