4 Ways in which IoT is Transforming Transportation and Logistics Industry

IoT or Internet of Things is the blazing point in today’s era. But, what exactly is IoT? The explanation in an easy way is that IoT can be regarded as the virtual internet connection between everything present in the surroundings, which can be operated and monitored on the internet. Moreover, it depicts the circumstance where anything encompassing the surroundings is finally made & prepared to do consequential interactions with one another having no inter-human or human-to-machine communication. There are various attributes of IoT in transportation and logistics, such as –

·        Consumer insights

IoT has recognized to be a boon for various industries such as logistics, transportation, and supply chain managers in the retail sector. Various devices, our cars, our phones, & even satellite radios share numerous valuable information about the preferences on the cloud. Transportation businesses can analyze this information & find out the necessary details. With the help of which they can manage the creation, procurement, & delivery of products across the globe.

·        Fleet & fuel cost management

Transportation and logistics agencies use Google Maps to know about traffic conditions & optimize their travel. IoT, however, can assist logistics to go further a step and learn from the traffic patterns at particular times of the day, humidity, temperature, altitude, etc. to maximize the fleet & fuel cost management. They can also analyze the historical data to ensure the optimal delivery routes & times, and also keep a vigilant watch on the fleet maintenance & driver health at every stage.

·        Reduce transit damage

Approx. 30% of the perishable items are destroyed during the transit. That is the important financial hit on the business. Moreover, most of this damage can be caused by unregulated temperatures & poor storage conditions. This whole process sounds like the elementary & unsophisticated task. But, just think about how problematic it can be to control and uphold the steady temperature inside the car while it is traveling on a highway, & you will get the depiction of how problematic it is to do the same inside the fleet truck. Simple, plug this gap with top-notch IoT platform monitored consignments that can reduce the transit damage & certify that more perishable goods can reach to their actual destination unharmed & on time.

·        Smart warehouse management

IoT in logistics can work effective warehouses with the visible impact on the bottom line. Temperature variations, asset losses, payment tracking, order fulfillment, & another kind of operational hurdles can simply be optimized for absolute accuracy & efficiency.

In conclusion

The evidence in favor of the Connectivity management System is clear, and it is just about getting ready to alter the transportation and logistics agencies. Not only this will relieve stress off, but also ensure that the best products & services reach the consumers at the right time. Moreover, IoT data analytics become an integral part of the transportation, supply chain, warehousing, factories, logistics, & supply chain segments. And, all such agencies that have been early adopters have witnessed the possibilities that IoT holds for their industry by formulating them more approachable to consumer demands.