Blog Post


The future of effective fleet management

Adapt Ideations • Oct 26, 2020

Arising again in a post-Covid-19 world will require all companies consistently to be aware of how their fleets are being utilised and key metrics on their daily use.

With the increased influx of technological adaptions, automatisation of operational tasks, artificial intelligence and IoT enhanced technology the future of the logistics industry is bright. Arising again in a post-Covid-19 world will require all companies consistently to be aware of how their fleets are being utilised and key metrics on their daily use. The utilisation of digital fleet monitoring solutions enables companies to improve their daily operations and increase efficiency. 

 

A study conducted by McKinsey and Company in 2018 found that approximately 15% of all fleets now come with already installed telematics that allows businesses to gain useful insights into their fleet activity. The global market for the utilisation and installation of fleet telematics is expected to grow at a 23% annual rate and is projected to reach $75 billion by 2025 as stated by McKinsey and Company in 2018. This is a significant growth, which further highlights the importance of effective fleet management to enhance the operational activities of businesses. Data gained from digital monitoring devices provides businesses with the information needed to understand their daily operations more effectively. 

 

Upcoming technology will revolutionise the operational activity and management of the logistics industry. Advanced data analytics reaps a multitude of benefits for the logistics industry. Digital fleet tracking greatly optimises the productivity of the logistics industry, as companies are able to understand the key parameters of the vehicles that are in use. Idle time, excessive fuel costs and operational tasks all arise in the event of reactive issue control. A report released by WorkTruck in 2019 mentions that unscheduled vehicle downtime costs logistics companies between $448 to $760 a day. With the implementation of digital fleet tracking solutions, companies are able to take a proactive management approach when dealing with issues that occur. Rather than becoming aware of an issue much later, IoT enhanced fleet tracking solutions allow companies to achieve greater visibility and understand the conditions experienced by vehicles. This allows potential issues to be identified when they occur.  

 

Effective fleet management allows great profit to be achieved for the logistics industry. A report released by Entrepreneur in 2019 found that 34% of their surveyed companies reported that their vehicle costs were much higher than needed. The effective management of vehicle costs such as fuel can be achieved through the consistent monitoring of fleet activity and tracking of locations to perceive where unnecessary movements are taking place. The report further highlighted that 81% of SME’s surveyed found that upon digitisation of fleet activities, their business outputs were greatly increased. Effective fleet management also ensures the safety and operational efficiency of employees onboard the vehicles. Adapt Ideations digital fleet tracking solution features acceleration detection that can detect issues related to driver fatigue, delayed braking and even potential accidents. The safety of employees and assets assures businesses are operating efficiently. The future of fleet management is built on the utilisation of data analytics to make better-informed business decisions. Fleet maintenance, management and operational control will demonstrate heightened efficiency with the implementation of digital fleet tracking solutions. 

 

Adapt Ideations digital fleet management solution DRIVE assists the logistics industry to better manage and maintain the operational excellence of their vehicles. The near real-time data gathered from DRIVE empowers businesses to consistently monitor and track the location, distance and engine time of all their vehicles in operation. DRIVE is also fitted with accelerator sensors that detect when violations occur such us exceeding the set speed limit. Any deviations from the set sensor parameters result in near real-time alerts that allow businesses to take necessary action. The implementation of digital fleet management solutions will enable companies to reduce the challenges of inefficient operations including excessive costs. The data gathered from the device can be easily accessed on our platform. Effective vehicle monitoring will be key for the logistics industry if they are to prosper after the impacts of Covid-19. 


Enquire today at enquiries@adaptideations.com to find how you can transform the management of your fleet. 

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: