Blog Post


The digital revolution of the food industry through IoT technology

Adapt Ideations • Dec 07, 2020

IoT enabled devices and the digitalisation of operational processes has allowed the food industry to increase their operational and supply chain excellence.

The digital revolution of the food industry has been significantly impacted by the utilisation of IoT technology. IoT enabled asset tracking solutions and the digitalisation of operational processes has allowed the food industry to increase their supply chain excellence and efficiency. Keeping up with growing industry trends is key for the continual growth and expansion of the companies in the food industry. As reported by Globe Newswire, it is estimated that by the end of 2020 90% of all industries will implement and utilise big data analytics and process digitalisation methods. The food industry has implemented IoT technology in its industry operations, resulting in great monetary benefits. PR NewsWire 2019 projects that the global food industry will reach a value of USD $4.2 trillion by 2024, demonstrating an annual growth rate of 3.6%. Evidently, for an industry this large the utilisation of IoT technology such as IoT enabled asset tracking solutions will enable them to operate more efficiently and improve supply chain visibility.

 

Increased supply chain visibility and efficiency is first on the list of how IoT has benefited the food industry. The food industry must ensure their products have been delivered safely in addition to ensuring that strict regulations and compliance standards has been adhered to. A study released by the Food and Agriculture Organisation in 2019 (FAO) found that 14% of all food wasted occurs between harvest and retail. This highlights that supply chains can be complex and difficult to manage therefore greater supply chain visibility and traceability is needed for the industry. IoT enabled asset tracking solutions can detect deviations from set parameters and alert companies to take proactive action. Supply chain visibility plays a crucial role in enabling supply chain efficiency to be enhanced. This can be achieved from the implementation of IoT based asset tracking solutions.

 

Food safety is another industry challenge that can be addressed through the utilisation of IoT technology. As the global population increases, greater pressure will be placed on companies within the food industry to produce enough food to meet demand while ensuring that strict regulations and compliance is met throughout the supply chain and distribution. An estimated 1.3 billion tonnes of food are wasted every year, as reported by Oz Harvest. In Australia alone, food waste costs the economy AUD $20 billion every year. While consumers contribute greatly to this waste, supply chain challenges occurring during logistics is also a major factor. Most perishable foods need to be kept at a consistent temperature of 5 degrees Celsius to reduce the occurrence of bacteria growing and contaminating the product. Lack of visibility during transportation of perishable products, can result in temperature excursions, exposure to light and package tampering that can impact food safety. With the utilisation of IoT enabled asset tracking solutions, companies can understand how products are being handled throughout the supply chain.

 

Transparency across food supply chains is important as it provides both clients and companies with consistent visibility. The data gathered from IoT enabled asset tracking solutions assists companies with ensuring the products have been handled and stored correctly. Furthermore, the data gathered from asset tracking solutions allows necessary actions to be taken when set parameters have been violated.

 

Adapt Ideations’ IoT enabled asset tracker KELVIN Pro enhances operational efficiency and supply chain visibility for the distribution of high value perishable products such as meat. The asset tracker is fitted with location and geo-fencing capabilities that enable companies to monitor and track the exact movements of their consignments. Increased supply chain visibility reduces food wastage due to increased monitoring of important parameters. Adapt Ideations’ IoT enabled asset tracker has light, shock and temperature sensors that can detect if any excursions from the set parameters occur. The utilisation of IoT enabled asset tracking solutions is imperative for the food industry to increase supply chain visibility and transparency.

 

Enquire today at enquiries@adaptideations.com to find out how your company can digitally transform its operations.

Powerful and reliable, asset tracking and monitoring solutions.

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

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