Blog Post


How Innovative Fleet Management Solutions Resolve 4 Major Issues Within The Logistics Industry

Adapt Ideations • Jan 11, 2021

Upcoming fleet management technologies and industry changes have seen the logistics industry grow significantly in recent years.

Fleet management comes with a lot of responsibility and stress. The effective management of vehicle fleets can be difficult with the ever-changing industry, upcoming technologies and subsequent issues that arise. The logistics industry is an important industry to the Australian economy, as it services a wide variety of sectors. The reliable, adaptable and continual operational processes of the logistics industry is imperative not only for logistics companies but for the economy as a whole. Upcoming innovative solutions and industry changes have seen the logistics industry grow significantly in recent years. The global logistics industry is currently worth USD $19.9 billion and is expected to reach USD $34 billion by 2025, demonstrating an annual growth rate of 11.3% as reported by Markets and Markets. This increase indicates a growing global demand for the logistics industry, and as a result a need for greater operational efficiency and efficient fleet management.

 

A growing concern amongst companies who have their own fleets, is having to deal with increasing amounts of information that arises from monitoring. Whether it be monitoring through digital devices or in-person checks, the information that is received can be plentiful and complex. As the logistics industry grows, the need for consistent monitoring increases, highlighting the greater need for innovative solutions to simplify monitoring. Upcoming IoT enhanced fleet management solutions offer the luxury of near real-time data to be relayed, and easy user interface capabilities. A report released by the Financial Review in 2019 discussed how better use of data collected could save logistics companies AUD $106 billion, increase supply chain optimisation and improve operational efficiency. With all the developments and changes facing the logistics industry, innovative solutions such as Adapt Ideations’ DRIVE assures efficiency of fleet management. 

 

A never-ending concern for the logistics industry is the volatility of fuel costs and the unnecessary trips that occur, leading to millions of dollars going to waste. As explained by Automotive Fleet in 2017, a well-managed fleet will reduce a vehicle’s fuel costs by as much as 40%. A study conducted by Entrepreneur in 2019 found that out of their surveyed businesses, 66% stated that fuel costs could be reduced to a great extent. This is indicative of how a large number of logistics companies believe that greater operational efficiency can be achieved through a well-managed fleet.

 

The management of teams located across various vehicles in differing locations is undoubtedly complex for the industry to manage. The ability to monitor and have insight into vehicle fleets will enable companies to perceive whether idle time is occurring and allow companies to monitor other key metrics. Automotive Fleet reports that idle and unsuitable driving behaviour is a major reason for high vehicle costs. Speeding, harsh breaking and rapid acceleration leads to a 15-30% increase in the usage of petrol used for each vehicle, as mentioned by Automotive Fleets. Through employing innovative solutions for fleet management, companies can understand key metrics of fleets in use.

 

Lastly, business downtime due to ineffective fleet management is an issue that can be alleviated through the implementation of an effective fleet monitoring solution. A study by ITIC Corp in 2019 found that an hour of business downtime can cost 98% of businesses over $100,000 annually. This can be due to idle employees, fleets that haven’t been serviced appropriately or simply the mismanagement of vehicles as a whole. The utilisation of innovative solutions for fleet management gives power to companies in the logistics industry as they will be able to have greater insight into their daily operations. Monitoring along with greater transparency is key for greater operational efficiency and effective fleet management. 

 

Adapt Ideations' digital fleet management solution DRIVE can assist the logistics industry to reduce costs and enhance their operational efficiency. The near real-time data gathered from DRIVE, enables the logistics industry to consistently monitor and track the location, distance and engine time of all their vehicles. The fleet management solution is also fitted with accelerator sensors that detects when violations occur. The deviations are met with near real-time alerts which enables businesses to take necessary action. Efficiency is key in achieving operational excellence, which is why all the data is easily accessible on our platform. By implementing an effective IoT enabled fleet management solution, logistics companies can reduce the challenges associated with inefficient vehicle management. Consistent and reliable monitoring of fleets is key for achieving operational excellence within the logistics industry. 

 

Get in touch with us today at enquiries@adaptideations.com to find out how you can revolutionise your fleet management. 

Powerful and reliable, asset tracking and monitoring solutions.

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

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

A silver laurel wreath with a star and the words `` technology excellence in cold chain ''.

Technology Excellence in Cold Chain


Awarded at the 15th ELSC Leadership Awards


elscconclave.com

Related Articles.

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
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.
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 .
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.
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.
Cold Chain
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.
Show More

Our Guides.

Logistical Transportation
By Adapt Ideations 26 Oct, 2023
Cold Chain Risk Management with our comprehensive guide. Learn to safeguard temperature-sensitive products and streamline your supply chain.
Master cold chain compliance in the US
By Adapt Ideations 18 Oct, 2023
Master cold chain compliance with our guide. Ensure seamless logistics in the US, optimizing temperature control for perishable goods' safety.
By Adapt Ideations 27 Jul, 2023
Unlock & master FDA perishable compliance effortlessly! Learn with the ultimate guide to easy traceability. Achieve end-to-end visibility! Read and act now.
Show More
Share by: