How IoT Improves Consumer Packaged Goods Value Chain
OCTOBER 29, 2019
The pivot point has moved from production to customer delivery, and the primary constraint has moved from manufacturing to transportation. This shift is hard to handle because the CPG industry spends at least 5% of revenue on transportation. Plagued with driver shortages, theft, and delays, transportation undermines results from all other cost initiatives. Driver Shortages: It is estimated that by 2026, the industry will be short 175,000 drivers.