Blog Post

How asset trackers can help companies achieve excellence with their contactless delivery options

Adapt Ideations • Oct 12, 2020

As the effects of Covid-19 continue to change consumer behaviours, businesses are implementing alternative purchase and delivery methods.

As the effects of Covid-19 continue to change consumer behaviours, businesses are implementing alternative purchase and delivery methods. Most notable in these changes is the rising demand for contactless delivery of goods, that arose due to stringent health measures. On-demand deliveries have become the new normal for many people, and this is reflected in the rising statistics. As found by Mckinsey in 2020, this year’s fashion sales are estimated to be 70% lower than last year due to the consumer inability to physically shop around. More than 40% of global luxury goods are manufactured in Italy, which due to the spike in Covid-19 were shut down. Due to the closure of factories, decreased working hours and tightening economic restrictions large online retailers have also seen a 20% drop in their sales as reported by Big Commerce in 2020. Businesses must take these evolving trends into account and strive for operational excellence in their contactless delivery options. As the face to face component of business services is reduced, companies must ensure they are still maintaining their relationship and loyalty with their clients. This can be achieved by implementing smart asset trackers that track and monitor valuable assets, thus ensuring they are handled correctly during transportation.

Companies have put into place contactless delivery options to abide by strict health measures to ensure widespread community safety. While this has enabled companies to continue their business operations during the pandemic it has also created some logistics challenges. Temperature deviations, mishandled and misplaced packages would all undoubtedly become more common as on-demand deliveries increase. Research into the effects of Covid-19 by PWC in 2020 projected that Australia’s household consumption levels are set to decrease by $37.9 billion over the next year due to tight economic restrictions. Therefore, companies that still have a viable consumer base cannot afford to make mistakes that would cause customers to stop purchasing. A report released by research firm IHL group for CBRE in 2018, found that replacing damaged products can cost e-commerce brands a 4.4% loss in sales, which is especially significant during the current pandemic era. With already irregular purchasing patterns, such trends can cause a business to collapse into voluntary administration. A report by Marketplace in 2018 projected that e-commerce retailers with more supply chain touchpoints can drop a package up to 17 times during the entire transit journey. This is reflective of consumer return rates, whereby 34% of all returns are due to broken and damaged products that were delivered to them, as found by Amcor in 2020. Broken packages not only reduce the quality of the goods but for high-value products such as pharmaceuticals and foods, it can lead to contamination. With contactless deliveries and increased e-commerce purchases, businesses projected to stick around long after this pandemic is over, the monitoring of valuables is imperative.

Adapt Ideations smart IoT enabled asset tracker KELVIN offers a suitable solution to companies striving for excellence in their contactless delivery options for high value goods. The smart asset tracker utilises location tracking & geofencing capabilities to provide companies with near real-time updates if the package leaves a designated location. The smart asset tracker is also fitted with location, light, shock and temperature sensors that relay valuable data back to the business if deviations from set parameters occur. This increased end-to-end visibility is vital for businesses that are aiming to maintain and expand their customer base, by ensuring consistent quality. The near real-time alerts that are sent out enable companies to interfere in the case of emergencies, thus reducing transport-related issues. Adapt Ideations smart asset tracker KELVIN assists companies by ensuring compliance and consistent quality is maintained at all times during transportation.

Enquire today at enquiries@adaptideations.com to find out how our asset tracker can enhance the operational excellence of your business.

< Older Post Newer Post >

Start Your Journey >

Powerful and reliable, asset tracking and monitoring solutions.

Innovative monitoring solutions for high-value & temperature-sensitive assets.

KELVIN

Real-Time Temperature Data Loggers
Button
PIXEL

Cold Storage Monitoring Data Loggers
Button

Share Our Post.

Awards & Recognition

A silver laurel wreath with the words india biologics and vaccines awards 2022 written inside of it.

Best Temperature Monitoring Solution Provider

Awarded by India Biologics & Vaccines Outstanding Industry Awards 2022

A silver leader recognition badge with a star and laurel wreath.

Adapt Ideations Recognised As A Supply Chain Leader

by Alcott Global on Supplify's Supply Chain Tech Map 2.0

Technology Excellence in Cold Chain

Awarded at the 15th ELSC Leadership Awards

elscconclave.com

Related Articles.

Innovations in Temperature-Controlled Logistics: A Global Perspective

02 May, 2024

Temperature-controlled logistics is a crucial aspect of global supply chains, particularly in the pharmaceutical industry. Maintaining the correct temperature during transportation is not just a logistical issue but also a critical factor in ensuring the safety and efficacy of life-saving vaccines and other temperature-sensitive products. As the demand for temperature-sensitive products like vaccines and biologics continues to surge, ensuring their safe transportation is paramount. Any deviation in temperature during transit can compromise the efficacy of these products, leading to significant financial losses and potential health risks. This blog delves into the evolution of temperature-controlled logistics, critical challenges faced in this sector, and groundbreaking innovations that address these challenges. With a focus on real-time monitoring through IoT solutions, we aim to showcase the advancements that contribute to the efficiency and compliance of global pharmaceutical supply chains. Evolution of Temperature-Controlled Logistics Temperature control has undergone a remarkable transformation in the last two decades. Stringent global regulations, customer demand for new temperature ranges, emerging markets with extreme temperatures, and the growing value of drugs like biologics have been essential driving forces. These factors have spurred the evolution of temperature-controlled logistics to meet the demands of a rapidly changing world. The landscape of temperature-controlled logistics is evolving, thanks to technological advancements. Trends include the growing availability of prequalified shippers simplifying the validation process, sophisticated supply chain services, a rising interest in reusable packaging, and advances in temperature-monitoring technology. These innovations contribute to the industry's ability to adapt and thrive in a dynamic environment. Temperature-controlled logistics involves managing the flow of products through a cold chain. Divided into food and pharmaceutical sectors, the global market size of cold chain logistics is projected to grow significantly. From USD 242.39 billion in 2021 to USD 647.47 billion by 2028, exhibiting a CAGR of 15.1%, the industry is expanding rapidly, reflecting its critical role in modern commerce. 3 Key Challenges in Temperature-Controlled Logistics Compliance Issues Stringent Regulatory Standards: Global temperature-controlled logistics operates within a framework of strict regulations set by health and safety authorities. Meeting diverse regulatory requirements across international borders poses a significant challenge for companies in this sector. Documentation & Reporting: Compliance involves meticulous documentation and reporting of temperature-sensitive shipments. Keeping up with the evolving documentation standards requires streamlined processes and robust systems. Validation & Qualification: Ensuring the validation and qualification of equipment and processes according to regulatory standards is an ongoing challenge. The need for continuous validation adds complexity and time constraints to logistics operations. Risks of Temperature Deviations Product Integrity: Temperature-sensitive products, especially pharmaceuticals and biologics, are highly susceptible to temperature deviations. Even brief exposure to temperature breaches during transit can compromise the integrity and efficacy of these products. Financial Implications: Temperature deviations can lead to significant financial losses for companies. Replacing or disposing of compromised products and potential legal repercussions contribute to financial challenges. Supply Chain Disruptions: Temperature deviations can disrupt the entire supply chain, leading to delays in product availability. This not only affects businesses but can have critical implications for healthcare providers and patients relying on timely access to medications. Security & Theft Concerns Value of Cargo: Temperature-sensitive cargo, such as pharmaceuticals, vaccines, and high-value perishable goods, can become a target for theft. The significant value of these products heightens security concerns throughout the supply chain. Vulnerability During Transit: The vulnerability of cargo during transit, particularly in unsecured areas, poses a constant risk. The potential for theft during transportation adds complexity to securing temperature-controlled shipments. Need for Tracking & Monitoring: Ensuring the security of temperature-sensitive cargo requires robust tracking and monitoring systems. Integrating security features, such as real-time location tracking and tamper-evident technologies, is essential to mitigate theft risks. In navigating the intricate landscape of temperature-controlled logistics, companies must address these multifaceted challenges to uphold compliance, safeguard product integrity, and ensure the security of valuable shipments. Innovative solutions, such as advanced monitoring technologies and comprehensive security measures, are crucial in overcoming these challenges and fostering a resilient and efficient supply chain.

Seamless integration of multiple transport modes ensures optimal resource allocation, reducing lags

Revolutionizing Last-Mile Delivery: Real-Time Visibility Solutions

22 Feb, 2024

Explore the transformative power of end-to-end visibility in last-mile delivery. Embrace efficiency, security, and sustainability with Adapt Ideations' IoT solutions.

Compliance In A Global Supply Chain: Navigating Complex Regulations With Technology

17 Jan, 2024

Navigate global supply chain compliance challenges with Adapt Ideations' IoT enabled KELVIN and PIXEL devices. Real-time visibility for efficient, secure, and sustainable logistics.

there are many different types of pills and bottles on the table .

Pharmaceutical Supply Chain Security: A Global Imperative

By Adapt Ideations • 14 Dec, 2023

Explore the imperative of securing global pharmaceutical supply chains. Discover real-time track and trace solutions with Adapt Ideations for enhanced efficiency and compliance.

Vaccine Distribution Strategies: Lessons From Around The World

By Adapt Ideations • 11 Dec, 2023

Unlock the secrets of global vaccine distribution! From US triumphs to South American innovations. Explore game-changing solutions for pharmaceutical challenges.

Transforming Cold Chain Logistics: A Global Vision For Sustainability

By Adapt Ideations • 06 Dec, 2023

Explore sustainable cold chain logistics with real-time monitoring solutions. Discover Adapt Ideations' IoT devices for efficient, eco-friendly, and compliant supply chains.