For logistics and supply chain companies, tracking and supervising cargo is a major challenge. They lack a system to track the location and status of the cargo as it is shipped from port to port. Hence, such businesses are compelled to depend on the information shared by cargo carriers regarding the location, safety, and condition of the shipment.
IoT powered cargo monitoring solutions are the need of the hour for logistics businesses as it allows them to increase the quality of their supply chain. The applications of this solution empower these companies to mitigate track the location and condition of the cargo being shipped from any place in the world.
These IoT solutions can also be amalgamated with blockchain technology to create smart contracts for truckers as well as the sending and receiving parties of the cargo to ensure the digital exchange of information and fulfilling of every term and condition of cargo transportation.