Page 4 - Logistics News May 2018
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Thought Leadership

          Improving asset tracking                           track specific items, equipment and vehicles
          With the ‘Amazon effect’ in full force,            through Internet-connected trackers. IoT
          consumers now expect a higher level of             offers a holistic view of a warehouse floor,
          speed and traceability than ever before.           ranging from ambient temperatures to
          Rather than manual scanning of barcodes,           the amount of inventory and equipment
          radio-frequency identification (RFID) tags         performance. Alarm sensors and closed-
          enhanced with IoT are able to connect to           circuit television (CCTV) utilise IoT
          the cloud and businesses can share tracking        technology to aid in detecting theft within
          data immediately to consumers. Shippers            distribution centres – with the ability to
          can also access essential data through these       detect unusual activity through alerts or
          tags and GPS sensors, including temperature        lock doors via a mobile app, for example.
          and time spent in transit, which can improve       IoT can also be a valuable tool in monitoring
          quality control and increase on-time delivery      the safety of staff and equipment, as well
          percentage.                                        as reducing risk. Through sensors and
                                                             aggregated data, equipment failures can
          Advancing fl eet management                        be predicted far in advance, reducing the
          IoT, GPS and other tracking technologies           chance of delays, damaged equipment and
          provide shippers with the ability to trace         workplace injuries.
          fleets in real time. This visibility allows          These are just a few fundamental ways
          shippers to proactively avoid potential risks      IoT is already shaping – and growing –
          or delays, rather than be responsive to them.      within the logistics industry. While the
          Data includes traffic, weather conditions,         technology is still in its infancy, it has the
          driving patterns and average speed. Analytics      ability to transform the way we do business.
          derived from RFID also helps identify              It’s predicted that there will be 50 billion
          inefficiencies and determine and manage            devices connected to IoT by 2020 – a rapid
          fleet availability, potential fuel cost savings,   226 percent increase from today. As the
          driver headcount, preferred routes and more.       technology continues to grow, shippers
                                                             should focus on managing, monitoring and
          Enhancing warehouse management                     collecting data from smart devices to further
          IoT sensors within warehouses offer greater        optimise processes in the supply chain
          accuracy, with the ability to manage and           realm. •

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