Blog Post
Revolutionising the supply chain using the internet of things
Adapt Ideations • Nov 10, 2019
IoT will affect nearly every global industry in existence from logistics, mining, retail, food and beverage, and even vehicles.
In recent years there has been significant amounts of articles written about IoT and its numerous benefits. IoT will affect nearly every global industry in existence from logistics, mining, retail, food and beverage, and even vehicles. One of the most discussed about topics of IoT is its potential to help automate the supply chain creating greater operational efficiency among other benefits. In our opinion, one of the most exciting areas of impact is the global supply chain.
So what is IoT? Essentially, it is the interconnection between devices and objects to the internet allowing them to communicate and exchange data between themselves vice versa. IoT is enabled by a host of features including devices, analytical tools, calculative mechanisms, and decision-making aids.
Connected technology means:
- Data can be harnessed from real-world objects
- The data can then be collected and turned into legible, digitised information
- This information can then be presented in a way that allows users to make smart decisions backed by analytics
IoT without a doubt will revolutionise the supply chain and change how companies do business. The technology will by far create greater operational efficiencies and revenue opportunities. The use of emerging technology is no longer simply about keeping track of your assets, it’s also allowing a host of benefits to be experienced such as the collection of analytics allowing inefficiencies to be identified and acted upon. In addition to this, incorporating emerging technology allows companies to be seen at the forefront of innovation and an industry leader. One particular area where we’ll be seeing the most advancement and change is asset tracking.
Simply tracking the numbers and barcodes of consignments used to be the standard method for managing goods throughout the supply chain. But with the IoT, those methods are no longer the most beneficial. New radio-frequency identification (RFID) and GPS sensors can track products from end-to-end in a product's supply chain. The RFID and GPS sensor technology enables companies to collect every day data allowing insights to be developed into the supply chain such as the temperature a product was stored at, and any delays in transportation. The type of data gained from the IoT can help companies get a tighter grip on quality control and on-time deliveries.
These days’ businesses heavily rely on the supply chain especially the food and bio-pharmaceutical sector where the slightest change in conditions can cause major problems in the cold chain. Tracking high value and temperature-sensitive cargo is an ongoing challenge, so how can we solve this problem?
Adapt Ideations’ smart asset tracker KELVIN
can detect unwanted threats and allow timely action to taken. Near real-time tracking with the device increases the transparency with your cargo. The device helps transform your everyday data into operational intelligence for predictive analytics. Not just that, once your cargo has securely reached the destination, simply recharge the device and use it for your next consignment.
Get in contact today to find out more about our smart asset tracking solution and how it can revolutionise your operations.
Powerful and reliable, asset tracking and monitoring solutions.
Innovative monitoring solutions for high-value & temperature-sensitive assets.
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Best Temperature Monitoring Solution Provider
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by Alcott Global on Supplify's Supply Chain Tech Map 2.0
Related Articles.
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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Our Guides.
Cold Chain Risk Management with our comprehensive guide. Learn to safeguard temperature-sensitive products and streamline your supply chain.
Master cold chain compliance with our guide. Ensure seamless logistics in the US, optimizing temperature control for perishable goods' safety.
Unlock & master FDA perishable compliance effortlessly! Learn with the ultimate guide to easy traceability. Achieve end-to-end visibility! Read and act now.
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