The implementation of IoT is relatively high in asset-intensive industries like manufacturing, transportation, and utilities. Let it be stationary or mobile, these assets are now becoming a part of a connected ecosystem, where they can interact and share vital information with each other.
Shipment vehicles like trucks and ship vessels are movable assets that are becoming a crucial part of the IoT network and leaving a long-lasting dent on the logistics and transportation industry.
Both of these industries along with warehousing were the primary movers to embed connected systems even before the term “Internet of Things” was coined. This early adoption has enabled these sectors to flourish and further empower other industrial segments to revamp their supply chain management and other end-to-end processes.
This system facilitated a constant communication between the logistics managers and truck drivers. Mobile phones were used to strengthen the communication between both these partakers and share information that may affect the delivery of cargo.
The vehicle tracking solutions generally monitor the current location of trucks that are conveying the cargo to its destination. By using GPS tracking tools, logistics industries track their trucks and estimate the probable time of delivery.
The logistics industry is supported by supply chain monitoring systems. The opposite of this statement is also completely true. Logistics companies manage the complete supply chain process from gathering raw materials to the distribution of finished products
Cybersecurity threats are increasing briskly in the transportation sector. This also affects the companies in the logistics vertical and hence IT security is important for them to safeguard precious data from external cyber-attacks.
Trucks and Goods Trains are the lifeline of any logistics company. In fact, around 95% of all the manufactured goods at one point are transported via truck sand goods trains. Logistics and fleet companies hence require systems that can help them manage their fleet operations.
IoT in logistics other than providing fleet management services also facilitates the storage of goods and management of stock levels. In a logistics ecosystem, it enables a company to have clear-cut transparency in its various operations, further supporting in seamless inventory organization.
The most beneficial application is the identification of bottlenecks that may result in the breakdown of the fleet. IoT has helped industries to jump on predictive maintenance and condition-based maintenance instead of depending on scheduled inspection procedures.