Blog Post


What companies can learn from Covid-19

Adapt Ideations • Aug 31, 2020

If there is a lesson to be learnt by businesses from Covid-19 it is that proactive safeguarding of assets and effective supply chain operations is imperative for long term success.

Covid-19 has taken immediate tolls on the global economic stability. The infectious nature of the disease has meant that now every continent is feeling the full force of the pandemic. If there is a lesson to be learnt by businesses from Covid-19 it is that proactive safeguarding of assets and effective supply chain operations is imperative for long term success. Short term responses to issues within the supply chain may have worked previously when international borders were operating smoothly but moving forward businesses must place greater focus on supply chain diversity. A BBC news article in 2020 reported that Covid-19 will cost the global economy between $5.8tn and $8.8tn. The Australian Government Department of Education, Skills and Employment further highlighted the impact of Covid-19, as 58% of Australian businesses reported the pandemic affecting them a great deal. Although Covid-19 has been detrimental to the health and economy of the world, it has highlighted valuable strategies for businesses such as the need for supply chain diversity and tracking of assets. 

Bottlenecks, delayed deliveries and lost assets are all a direct result of Covid-19 and its restrictions. Due to the implemented restrictions, there has been great supply chain issues such as delayed deliveries. Smart asset trackers can alleviate supply chain issues to a great extent by providing companies with data regarding their consignments. Effectively managed assets can ensure businesses are aware of their asset’s location in the case of elongated transport times. A study by Juniper Research in 2020 projects that over 90 million businesses globally will implement asset tracking solutions, with the number set to exceed 114 million by 2025. This is a 27% increase in numbers, indicating the significant use and need of asset trackers. In times of uncertainty, the best businesses can offer is ensured quality to clients regarding their valuable consignments during transport which can be effectively achieved through monitoring.  

The old saying ‘don’t put your eggs in one basket’ has never been more accurate when it comes to diversifying your supply chain. A diverse supply chain has many benefits for businesses, that has been further highlighted during the current pandemic. China suffered a 56% drop in their week by week transactions in the initial months of Covid-19, which caused a 26% decrease in The United States, United Kingdom, and Europe, as indicated by The World Economic Forum in 2020. These numbers demonstrate a causal link between the countries, as businesses operating with a singular supply chain networks were hit the hardest when trade restrictions were imposed. Operating businesses operations after Covid-19 will require businesses to have a diverse supply chain network to reduce occurrences of bottlenecks and maintain an effective supply chain. Adapt Ideations offers two diverse asset tracking solutions to empower your business in its management of assets.  

Adapt Ideations smart asset tracker LISA empowers companies to achieve greater visibility by monitoring their assets during transportation. By being able to digitally track and monitor consignments in near-real-time, companies will be able to manage their supply chain operations more effectively. The smart asset trackers features include location tracking and geo-fencing capabilities that assist in achieving greater end-to-end visibility. Deviations from the set parameters result in near real-time alerts allowing necessary action to be taken. Asset tracking is a must for companies hoping to rise up again after the economic impacts of Covid-19. 

Adapt Ideations smart asset tracker KELVIN empowers businesses to track their high-value assets. The smart IoT enabled asset tracker is an easy to use solution that monitors location, temperature, light and shock. In the occurrence of deviations from set parameters, near-real time alerts are relayed, ensuring prompt action can be taken. A more efficient operations and supply chain process is becoming a necessity for companies as they develop more complex supply chain operations. The smart asset tracker allows companies to adapt to the changing demands of the business world. 

Enquire today at enquiries@adaptideations.com to find out how our solutions can empower your supply chain operations. 

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: