Internet of Things and Its Impact on Modern Supply Chains

Descartes

By 2020, over fifty billion objects will be connected by the Internet of Things and 5.8 million of them will be comprised of tracking devices. The IoT is a network of physical objects, embedded with sensors, electronics, and network connectivity, which allow them to collect and exchange data. How does the Internet of Things work? The IoT is enabled by the broadband internet, Wi-Fi and Bluetooth.

Internet of Things and Its Impact on Modern Supply Chains

Descartes

By 2020, over fifty billion objects will be connected by the Internet of Things and 5.8 million of them will be comprised of tracking devices. The IoT is a network of physical objects, embedded with sensors, electronics, and network connectivity, which allow them to collect and exchange data. How does the Internet of Things work? The IoT is enabled by the broadband internet, Wi-Fi and Bluetooth.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The Internet of Things and Supply Chain Operations

Enterra Insights

Connecting those links has been the essence of supply chain operations since trading first began. This focus sharpened and became even more important with the rise of e-commerce and omnichannel operations. As a result, they are leveraging innovations related to the Internet of Things (IoT) as a means of tightly merging the physical and digital worlds, optimizing supply chain operations and improving the customer experience throughout the value chain.”[1]

Internet of Things (IoT) in the supply chain – a jolt of creativity required?

DELMIA Quintiq

A couple of months ago, I went to an interesting event dedicated to creating a digitalized factory of the future. Given that it took place in Japan, I imagined quite an animated discussion around making another leap in the manufacturing of things. An automotive brake producer showed how sensors enable better prediction of product wear and tear, simplifying optimization of maintenance. To illustrate my point, I thought of an example from a year or so ago.

How has Internet of Things changed the lives of businesses worldwide?

Loginext

Internet of things (IoT) with the latest in machine-learning backed algorithms are the way logistics would be optimized to meet all customer demands and requirements, right from fast shipping, live tracking and notifications, and on-time delivery with optimized final mile movement.

Fine-Tune Your Supply Chain By Looking at Amazon

Savi

From there, it can move horizontally to deliver cargo and packages for others and compete with other logistics service providers. Does that mean to compete today, you need planes, trucks, ships and a global network of distribution centers? Often overlooked is that behind all of Amazon’s fleet assets run the best technology tools to manage schedules, performance, costs and customer satisfaction.

The Future of IoT in Manufacturing

BluJay Solutions

The Internet of Things (IoT) is quickly moving beyond being just a trendy, hyped technology to reality. The Current State of IoT in Manufacturing. Although IoT is already in widespread use in manufacturing and the supply chain, what it is used for is fairly limited and has only scratched the surface of what can be achieved. IoT to Protect Against Cargo Theft. Stolen cargo remains to be an issue in the United States.

Less-Than-Truckload Technology: Will Machine Learning, AI & Automation Solve Shipping Problems?

Cerasis

Freight shipping has relied on the same systems for years, ranging from manual entries to a constant struggle in balancing delivery windows with costs. Cassidy of the Journal of Commerce , truck capacity is not tight; it is simply hidden from view. Meanwhile, technologies, like machine learning, artificial intelligence (AI) and automation, will catalyze a reinvention of the transportation industry and less-than-truckload (LTL) shipping above all other modes.

The Smart Shipping Container Revolution

GTG Technology Group

Shipping containers are an integral part of the world’s supply chain. Simple yet vital, these containers are getting an internet of things (IoT) upgrade. With smart sensors on the rise and connectivity increasing, there is a bright new future ahead for the shipping container. High-Connectivity in Shipping. Complex management systems track shipping containers across the globe. Between each barcode scan, shipping containers go quiet.

2020 Freight Shipping Outlook: Advanced Technologies in Freight Shipping on the Rise

Freight Center

Like so many industries today, freight shipping is being transformed by advanced technologies. All these technologies share two goals: to make freight shipping more efficient and less expensive. In the world of freight-shipping technology, the concept of driverless freight-shipping trucks gets the lion’s share of the press, but it is still years away from being a major factor in freight shipping. Internet of Things (IoT).

The Hanjin Effect: The end of shipping as we know it

BluJay Solutions

Hanjin’s collapse could not have happened at a worse time, with cargo volume at near-peak levels ahead of the year-end holiday season. Without doubt, this is going to have a serious negative impact on the top and bottom lines of major retailers around the world. Hanjin Shipping is the 7 th largest container carrier in the world, with 98 ships and a 3.0% Moller-Maersk, the world’s largest container carrier, commands 617 ships and 15.4% Shipping Alliances.

Cargo 60

Ocean Container Tracking & Port Terminal Operations: Maritime Supply Chains and the “Visibility Paradox”

3rdwave

As a non-technologist working in supply chain management, I live in awe of the human mind and its ability to develop applications that create visibility into the international movement of goods. Of course, the paradox lies in thinking that upon arriving to the U.S.,

Supply Chain Technology Trends to Watch Out For

AFFLINK

As we enter the last half of 2019 (and cast our eyes on 2020), there are a number of developments that need to be watched. Many of these trends are evolutions of trends we saw developing through 2018, and as they build momentum, they become notably disruptive. Supply chain technology is advancing at a fast pace, and supply chain companies need to keep their finger on the pulse of the industry. Are you ready to take advantage of these new technology trends?

The Day a Cyber Attack Brings the World’s Supply Chains to a Halt

Talking Logistics

“FedEx and UPS have ground to a complete standstill today due to what they say is a virus in their logistics shipping software…blaming the hacking group Anonymous after they declared their intention to punish shipping companies for halting shipments of flu vaccines into China. By mid-afternoon, the airline had operated 2,340 flights, less than half of its daily average of about 6,000. There have already been incidents of hackers accessing port systems.

How Blockchain Could Create the 'Autonomous Container'

Supply Chain Brain

Indeed, the very notion of applications that “talk” to one another is merely an extension of a system that shippers and carriers have deployed for years, albeit in a more primitive fashion. There’s nothing new, for example, about a carrier’s ability to monitor the interior temperature and humidity of a shipping container while in transit. The technology features chips that monitor temperature and humidity within a 500-meter range of an air-freight container.

Top 3 Supply Chain Planning Buzzwords

Kinaxis

But are they just creative marketing spin (after all, developing them is kind of part of the job), or is what they stand for actually making a difference in your supply chain planning? Internet of Things – HYPE. Ok, ok, I know a lot of folks may disagree with me on this one. The Internet of Things, often referred to as simply IoT, is hard to ignore. And sensing on its own doesn’t do a heck of a lot of good.

Omnichannel Logistics Solutions Takes the Supply Chain To The Next Level

Cerasis

Over the last year, huge strides were made in machine-to-machine connectivity, as foreseen by our predictions, ranging from the greater use of automated identification and data capture (AIDC) and stronger resolve for more omnichannel logistics solutions. Many of these advancements were expected to bring substantial investment into supply chains, and they did just that. But, the amount of investment being poured into machine-to-machine connectivity is surpassing expectations.

Predictive Analytics in Supply Chain Management

EV Cargo Technology

On 25 th May EV Cargo Technology spoke at the Supply Chain Innovation Summit 2017 China Focus (SCCN2017) in Shanghai, China. On both the days there were few panel discussions who covered various topics such as supply chain digitalization, revolution and success; the Internet + Supply Chain; overcoming challenges on maintaining visibility, transparency and real-time information in multi-layered supply chains and more.

Digitalisation of Logistics Industry and its Impact

20Cube Logistics

With rapid growth in technology, the logistics industry across the globe is experiencing a paradigm shift with fast track development driven by unique innovation and sturdy growth in the evolution of technology. The recent study by IMARC Group, entitled “Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the global logistics market reached a value of US$ 1,171 Billion in 2017 and is estimated to register a CAGR of 2.7%

Cargo 43

The advancement of “Virtual Logistics” team

20Cube Logistics

Industries are always looking forward to new technologies that would make their work easier by replacing the traditional way of working with extremely efficient and streamlined technology-driven process. With the workforce prepping themselves further move away from traditional ways of working, virtual logistics is unfolding its wings, particularly in the last few years. A virtual logistics team is also made of logistics planners but they perform their job remotely.

Cargo 40

The Digital Transformation Journey: The Alignment of Industry, Company, and Technology

Talking Logistics

Ports are having to off-load cargo onto the new mega-ships offshore from multiple smaller ships because they don’t have the capacity to handle the bigger vessels. Technologies such as the Internet of Things, artificial intelligence, big data, machine learning and the cloud are changing the way people and companies interact and do business. The rules of business are being rewritten with these new digital technologies.

Five Technology Patents that Changed the Supply Chain

Freightos

The Shipping Container. Amazon Anticipatory Shipping. Sick of the how long it took to prototype plastic objects, Charles Hull came up with 3D printing in the earlier 80s. ” Today, almost 20% of manufacturers and retailers use 3D printing in some way, shape or form. Either way, the result played a huge role in the rise of the truck. The Shipping Container, 1958. The shipping container changed shipping forever. Freight is changing.

A Coronavirus Supply Chain Success Story: Public-Private Team Effort to Get Logistics Tech to 1st Responders

Savi

As the CEO of a supply chain visibility technology company, I am well aware of the irony of my own firm becoming a victim of supply chain disruption. But as the world deals with the immense and unprecedented impact of the coronavirus, even Savi was not able to avoid supply chain issues. Here’s the story of how Savi, our suppliers and the DoD teamed up to work through coronavirus chaos to get asset-tracking technology to the Army National Guard.

Connect Big Data with Predictive Analytics for Increased Visibility and Control Over Global Supply Chains

Supply Chain Network

The age of digital transformation is now fully upon us and from a business perspective one of the most active areas of change, impact and opportunity is in supply chain management. With maritime transport growing at an average rate of over 8.5 percent per year, over 90% of the world’s trade is carried by sea for a total of 23 million tonnes of cargo traveling by ship every day.

Experts Reveal Top Transportation Trends to Watch

Supply Chain Opz

James Winebrake, Dean of College of Liberal Arts, Rochester Institute of Technology There are a number of important trends happening in the freight industry, spanning all modes of transportation: trucking, shipping, rail, pipeline, and air. The impact of these new regulations will be substantial and combined with low oil prices may affect how companies operate. Each full “truckload” equivalent of freight moved by rail reduces C02 emissions by 66%.

Trends 130

Eliminating Food Waste in the Agricultural Supply Chain

AFFLINK

We’ve all been guilty of letting our leftovers hang out a little too long, but a worse feeling is when a relatively fresh batch of fruit or vegetables gets moldy or slimy just before you’re about to make a nice dinner. Now imagine that feeling, but with an entire shipping container full of post-harvest foodstuffs. Almost 20% of all fruits and vegetables intended for human consumption in the US are lost during harvest, processing, and distribution.

Food 52

Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. As we draw toward the end of each year, I like to start collating information from our experiences at Logistics Bureau, along with anything I find in the supply chain industry media, about industry trends that look set to compete for business-managers’ attention in the year to come. The Death of the End-to-End Supply Chain.

Chill Pill Has a Whole New Meaning for Pharma Supply Chain

Aera Technology

It’s estimated that this will easily cost biopharmaceuticals somewhere in the ballpark of a cool $17 billion by 2020. Meanwhile, pharma companies are still trying to iron out distribution and inventory complexities that cause another $25 billion in excess inventory – in a nutshell, the new drugs are complex proteins and if they’re not properly handled every step of the way to market, they’ll go bad! “At least eight Hanjin ships have been seized as of Friday.

What’s Ahead in the Logistics Arena?

Enterra Insights

The global economy was built on the shoulders of trade and the legs of supply chains. Yet, the supply chain industry has been accused of being slow to adapt to changing circumstances. 1] Kaushal Dave ( @KDplan ), vice president of cognitive solutions at Aera Technology, adds, “The modern global supply chain is defined by scale — billions of transactions and terabytes of data across multiple systems, with businesses generating more every moment.

26 logistics professionals reveal the biggest trends in logistics technology

6 River Systems

Logistics can be traced all the way back to the Greek and Roman empires , but it’s undergone several major transformations as new technologies provide opportunities to more efficiently manage the movement and storage of goods. To learn more about the biggest trends shaping the logistics industry today, we reached out to a panel of logistics professionals and asked them to answer this question: “What are the biggest trends in logistics technology?”

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. The total cost of ownership is defined as the combination of the purchase or acquisition price of a good or service. It also provides a context for all stakeholders to see the total picture of their organization’s costs.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. The total cost of ownership is defined as the combination of the purchase or acquisition price of a good or service. It also provides a context for all stakeholders to see the total picture of their organization’s costs.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. The total cost of ownership is defined as the combination of the purchase or acquisition price of a good or service. It also provides a context for all stakeholders to see the total picture of their organization’s costs.

What is Supply Chain Technology and Why is it Important?

CH Robinson Transportfolio

With so many options and varying levels of service, understanding supply chain technology may seem overwhelming—especially if your organization is growing. Overall, the supply chain technology you choose should make logistics simpler for you—whether you’re a supply chain manager, dock worker, or vice president—while also enhancing the shipping experience for your customers. The importance of technology in supply chain management. 5 essential uses of supply chain technology.

Transport Drones & Autonomous Vehicles: The Transportation Mode Dance Card is Getting Full

Cerasis

A little more than a year ago, Audi created a parody of transport drones in the sUVA commercial, but the ideas behind these “Terminator-like” actions actually represent very real possibilities for how extensive the network of drones will grow in 2016. Take a moment to watch this video, and think about what types of technologies must be employed if the scenario in the video were real. Transporting goods by ocean was once thought to be the only means of international trade.