Page 31 - Traffic infratech magazine

LOGISTICS

The success of any logistics company safe transportation and automation
is to move the right product in the right of processes are the key to IoT
quantity and condition at the right time applications.
and right location with the right price When asked about the recent trends Smart
to the right customer. This is termed for IoT catering to the logistics and transportation that
as the 7 R’s. Given the complexity of transport sector, Siddiqui informs,
the task at hand, there is an increasing “Especially for the logistics and is enabled by IoT
demand for making use of innovative transport sector, three major trends has brought in a
solutions to achieve goals. can be observed that are cropping up
in the last five years. They are- end-to- rapid change in the
end digitization, seamless mobility, and industry with the
enhanced visibility. It would be fair to
state that IoT has become the most help of emerging
important factor behind operational technologies
scaling and making the mobility eco-
system more efficient. To give specific along with mobile
examples of the IoT landscape in the connectivity,
3PL industry -we have seen the US
Department of Transportation enforce creating a
ELD norms across the US, similar seamless interface.
infrastructural changes have been
regulated across the globe. We have
also seen massive adoption of wired
According to Kushal Nahata, CEO
& Co-founder, FarEye, IoT powered and wireless trackers for the transport captured simultaneously improving
vehicle and mobile app-based tracking
devices empower supply chain and for drivers and other field executives by location analytics, which, is a major
logistics stakeholders to drastically boost large enterprises globally.” area of interest for all the logistics and
visibility of delivery processes, especially According to Siddiqui, Companies transportation sector.”
when operating in areas suffering from have become more open towards Nahata adds, “A key trend dominating
poor connectivity. “Apart from b eing cloud-based applications like LogiNext. the supply chain and logistics industry is
able to track the location of goods It is also predicted by a report drafted leveraging IoT to gain greater control
during delivery, the use of IoT powered by Gartner Inc that there will be of delivery processes. The IoT devices
solutions also simplifies the process around 14.2 billion connected devices. are built-in with sensors, which facilitate
of fleet management. IoT-sensors can “All this will improve the data points easy monitoring of goods through each
quickly transmit data pertaining to
uncertain variables like stock shortages,
sudden changes in temperature, etc,
which could be instantly sent to supply
chain stakeholders for them to take
necessary measures.”
In short, what Nahata points out is
that IoT-powered supply chains can
drastically improve visibility of the entire
delivery process starting with goods
being moved from a warehouse.
Bringing with its smart connections
and use cases, IoT is about to
revolutionize the logistics domain.
Supply chain monitoring, vehicle
tracking, inventory management,

www.trafficinfratech-com-500653.hostingersite.com June-July ’19 / TrafficInfraTech 31