Page 33 - Traffic infratech magazine

LOGISTICS

Being under

technological
progress and
facing a lot of
challenges, today’s

logistics industry
sees a rapid
transformation
Internet-enabled devices are here to something went wrong. and growth.
collect large data amounts and transmit The three biggest pain points in
them to the central system for further global logistics now are: Coming up with
analysis. IoT and predictive analytics Counterfeiting or fraudulent imitation inventory tracking
solutions can be applied for route and has been worrying the industry for a
delivery planning and identification long time. What the counterfeiters do and location
of various defects before something management
goes wrong. The results are a timely is that they misappropriate someone
replacement of machinery parts, else’s brand, falsely label products or solutions,
prevention of any crashes and efficient use fake or inferior components to driverless
vehicle/equipment maintenance. make a product. Lack of consumer
confidence in the provenance of goods transportation
To address these applications, FarEye can really hurt a manufacturer’s ability
Transportation has brought to the users to sell their products. systems, and
a platform that empowers businesses intelligent
to achieve increased on-time deliveries. Counterfeiting is also an issue that is
It enables predictability in freight becoming worse each year as ordering communications,
goods on the internet is increasingly
movement and seamlessly integrates IoT will
with disparate systems like TMS, WMS, becoming the new norm. This
ERPs, 3PL systems, etc. to ensure encourages a lot of counterfeiters to revolutionize the
greater visibility of logistics processes enter the arena and sell fake products, logistics domain.
and benchmark KPIs accurately. which in turn leads to further decreased
consumer confidence.
Current Challenges For manufacturers, it is very difficult
Global logistics are hard to manage to figure out where the theft may have information on how they’ve shipped
due to the lack of transparency in occurred as information about the certain goods.
the supply chain. While technology shipment of their goods is usually only IoT devices can connect trucks, ships
has progressed in recent years, many available days or weeks after (most of)
companies still only receive data about their products have already arrived at and warehouses with the internet
the transport of their goods days or their end destination. and report on GPS and environmental
even weeks after their goods were Numerous products are transported conditions, such as temperature,
delivered at the destination. within pre-set environmental humidity, and pressure. Some third-
Consolidating the huge amount conditions, such as within certain party logistics providers have already
of data in fact is a tough task and temperature parameters. As there is no started employing IoT devices in their
resolving any issues within the supply way for manufacturers to see shipping trucks, ships and warehouses and have
chain is nearly impossible as it’s hard conditions in real time, some logistics started reporting those conditions
to pinpoint exactly where and when companies tend to give inaccurate back to manufacturers.

www.trafficinfratech-com-500653.hostingersite.com June-July ’19 / TrafficInfraTech 33