IoT GUIDE

Transportation and supply chain management are critical pillars of global commerce and are facing unprecedented challenges and change. Not the least of which are:

•  Higher operating costs and the commoditization of prices

•  An increasingly complicated regulatory environment

•  Capacity crunches in the face of swings in customer demand

•  Demands for business growth and delivering higher customer satisfaction results

The new and original information in this study sheds light on how executives at transportation and supply chain management companies use or plan to use technology to address these issues and more.

Key findings in the survey data reveal that “operational visibility” – knowing where a shipment is and monitoring the environmental conditions in near real-time of cargo in-transit – is becoming a critical tool for the supply chain and the transportation industries. In fact:

•  Around 90% of respondents report that improving operational visibility and real time information is either 'critical and necessary' or 'very important'.

•  Organizations are becoming more sophisticated in their visibility requirements, looking beyond location chekcs for near real-time information on temperature, security, vibration and environmental conditions that are critical to maintaining the quality of goods from departure to destination.

•  M2M as a means for gathering information is growing in popularity and will over time surpass RFID and bar codes, ranking second to GPS as a visibility tool.

One of the key conclusions we draw from the survey results is that Supply Chain, Transportation and Logistics leaders view the collection, analysis and sharing of critical visibility data intelligence as a necessity and a key tool to overcoming the increasing complexity and challenges their industry is facing.

The attached report provides a graphical view of the data collected from the survey and gives a clear analysis of the results in an easy to read bullet point format. Additional industry observations are also used to provide deeper insights into the findings.

You can read and download the full report here.