Blog Post


IoT Technology Leading The Way Forward In 2022 By Helping Businesses Transform Their Everyday Operations

Adapt Ideations • Jan 17, 2022

Automate entire supply chains.



A key trend that has been highlighted in recent years, is the power of IoT connectivity and the ability to automate entire supply chains.

Fragile packages for distribution

The need to move towards greater automation of operations.


As we enter into another year, industries look towards embracing upcoming innovations to improve business processes in place. A key trend that has been highlighted in recent years, is the power of IoT connectivity and the ability to automate entire supply chains. The use of IoT is expected to grow even further, with the sector estimated to reach $1.8 trillion by 2028 at an annual growth rate of 25.4 making it one of the fastest growing industries in the current market.


This rapid growth in the need for IoT solutions is mirrored by the developing business landscape and the challenges that arise across all industries. Challenges such as increased asset waste and complex asset management have emphasised the need to move towards greater automation of operations, digital monitoring processes and enhancing logistics capabilities. Pharmaceutical, food & beverage, and cold chain logistics companies have experienced the transformation brought on by IoT solutions the most, due to global demands of their services. IoT capabilities and valuable data gathered can rectify many ongoing challenges and allow greater supply chain visibility to be achieved. 

 

Developing the cold chain sector.

Developing the cold chain sector to meet growing demands from various industries has become paramount. Challenges often experienced by the sector such as environmental excursions, damaged packaging, and limited insights into how assets are handled and stored can have a significant impact on products. High-value assets such as vaccines, pharmaceuticals, and perishable food all rely on the consistency of cold chain facilities.


The implementation of IoT solutions such as asset tracking devices has enabled the cold chain sector to identify temperature excursions rapidly, gain greater visibility into the supply chain and take prompt action to alleviate challenges. Data gathered through asset and warehouse monitoring solutions provides companies with data needed to reliably monitor their assets and take proactive action to rectify arising issues. 


Unlocking the power of IoT.

To ensure challenges such as supply bottlenecks, product degradation and missing assets are reduced greater monitoring must take place. Data gathered by asset tracking solutions can be used to gain visibility into the various aspects of the supply chain, including the cold chain to ensure optimised operations. By unlocking the power of IoT capabilities, the pharmaceutical industry can better service global needs. 

 


Global demands of logistics services.

Global demands of logistics services are expected to climb into the new year, due to growing consumer needs. The logistics industry services a wide range of sectors, and thus must ensure their operations are consistent and reliant. IoT solutions such as asset tracking devices can enable greater visibility into the supply chain. Companies can use the data gathered and the prompt alerts to make rapid businesses decisions to reduce supply chain challenges experienced. The benefits of IoT connectivity are boundless and must be taken advantage of to ensure companies understand the conditions experienced by their assets consistently. 

 

At Adapt Ideations, our solutions utilise the capabilities of IoT connectivity to deliver accurate and reliable data. With the use of our asset tracking and monitoring solutions companies across all sectors can gain insights into valuable metrics of their assets. IoT connectivity has revolutionised the business environment and will continue to make positive transformations for many sectors. 

 

Contact us today at enquiries@adaptideations.com for further information on the benefits of our innovative IoT solutions. 

Powerful and reliable, asset tracking and monitoring solutions.

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

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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


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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.
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