Applications of IoT in Logistics Industry

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.

Applications of IoT in the logistics industry are now emerging at an unprecedented rate. By using the integrated solutions of IoT, businesses can develop data and process it to create useful insights, which further boosts the mobility and speed at which the goods are conveyed. IoT for logistics will act as a new pillar and enhance its existing rudimentary aspects. The global connected logistics market is already booming and by using new mobile technologies companies can manage supply chain management and distribution systems.

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