IOT Application in logistics Industry

 

There has been a trend of implementing internet of things services (IoT) in industries with many moving parts like the logistics industry. Logistics incorporates several sectors like manufacturing, transportation and utilities and many more units within them. Both stationary and mobile assets are routed through one ecosystem wherein essential information is shared and interaction occurs. Movable assets like shipment vehicles such as trucks and ship vessels are now integral members of IoT networks. The data provided by these assets have a tremendous impact on the logistics and transport industry. 

 The combination of logistics, transport and warehousing was the primary difference-maker to finally establish a hub where all these vertices could be connected. Contact Skylo for affordable IoT solutions to secure your business' movable assets to one ecosystem that you can monitor from one place. The internet of things vertical in the logistics industry has wholly revolutionized it with advanced tracking capabilities and monitoring solutions. Due to the disruptive nature of the IoT market, it is causing the IoT logistics vertical to grow at a rapid pace.  The market's total value has quadrupled since 2016 and sported a cumulative annual growth rate of more than 32%!

 The introduction of internet of things services has been a blessing for the logistics sector. The implementation of IoT solutions has enabled businesses to adapt their method of working to be tremendously more efficient. 

 The logistics industry needs to track the status of its moving assets to mitigate any inefficiencies or delays. When internet of things solutions were introduced to logistics, they brought about four significant changes. They are: 

 1) Communications Systems: IoT solutions facilitate constant communication between logistics components and management even without a mobile network. Constant contact helps mitigate any issues that may affect the delivery of cargo.

 2) Vehicle Tracking: IoT solutions help monitor fleet assets for a business by tracking their location from the destination of cargo pick-up to the site of the cargo drop-off. Through GPS tracking, logistics businesses can track their fleet and provide estimated delivery times to customers. 

 3) Supply Chain Monitoring: The systems backed by IoT solutions help monitor every step of the supply chain process spanning everything from gathering raw materials to distributing finished products. 

 4) IT Security: Logistics verticals require robust IT security as they transition to digital platforms since they become more vulnerable to cyber-attacks. Valuable data information gathered from IoT solutions about the operations of businesses need to be protected. 

 As a result of all the benefits of IoT, these solutions in the logistics industry have gained a significant amount of traction. IoT solutions enable logistics businesses to monitor the location of their entire fleet in real-time from one place. Through GPS tracking systems and geofencing techniques, managers can monitor routes taken by fleets from anywhere without a mobile connection. The significant benefit this provides is that logistics companies can track driver activities and maintain punctual cargo delivery. 

 Constant communications enable the establishment of real-time alert systems so any anomalies in the fleet's journey, such as accidents or weather-related problems, can be reported immediately to the customer's device via push notifications. 

 In addition to tracking and fleet management solutions, IoT solutions also provide inventory management options for businesses. Storage facilities for goods and stock level tracking can occur. It dramatically benefits firms in the logistics ecosystem to have complete transparency in all operations, thereby enabling seamless inventory management. 

 IoT solutions in the logistics industry are expanding at a rapid rate. Through the integration of IoT in businesses, businesses can develop data processes quickly to generate actionable insights. This process increases the mobility of companies and the speed at which deliverables are sent. IoT solutions are a new pillar for the industry and enhance the challenging and rudimentary aspects. Using this new technology will change the game for operation management and distribution.