When someone mentions the Internet of Things (IoT), most people would think smart devices, wearables, or even how your heating at home regulates itself – basically all the things that drive the adoption of bespoke consumer lifestyles. However, the influence of the IoT goes far beyond that, and more specifically, it’s impacting the logistics world and global supply chains.
The IoT has proved to not just be a trend, but is impacting businesses, and is disrupting the way we think about supply chains, and it’s happening fast. Basically, the IoT provides us with the advantage of using the items that we already have, for example smartphones, which are turned into super computers we carry around in our pockets. What has been viewed as a luxury just four to five years ago, is turning into a minimum requirement as we do business today, giving customers the value added solutions to provide them and their end consumers the wider reach, without all the cost associated to multiple platforms used just a few years ago.
The logistics world has many moving parts. Products are being moved between the manufacturer, the supplier, the distribution centers to retailers and consumers. All these areas call for a responsive and knowledgeable supply network in regards to product locations and specifications.