Moving products from point A to point B is the main focus of supply chain management and logistics.
In a perfect world, keeping track of those items isn't really challenging. You know everything will be fine when you transfer shipment X from warehouse Y to client Z, right?
Wrong! The environment is chaotic, fluid, and dynamic. There are problems. Global maritime lines can be impacted by everything from weather catastrophes to piracy, which can lead to delays and monetary losses. Additionally, sometimes losses and delays are just the result of innately present inefficiencies.
A report described the supply chain inefficiencies that contributed to losses of over $2B in the UK alone in 2018 as "a game of Chinese whispers" as parcels zigzagged across the globe. "Supply chain participants are connected—just not to each other or at the correct moment," claimed Ericsson in a recent post on IoT For All.
The Internet of Things can help with that. Cargo containers, trucks, port utility equipment, and, most significantly, data pipelines and digital ledgers for securely tracking shipments as they travel the globe and change hands are "things" in IoT for logistics and supply chain applications.
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