The era of declining brick-and-mortar shopping and increased online purchasing is apparent. Business Insider reported that an estimated 6,400 stores closed in 2017 alone, and more are shuttering in 2018. The popularity of the e-commerce market, which is valued at $2.3 trillion globally, is certainly a force with which logistics organizations must contend, but Internet of Things (IoT) technology is helping to reshape and reinvent supply chain operations with valuable location-based tracking services, asset monitoring solutions, and innovative, process- oriented enhancements.
IoT is perhaps the single-most significant factor in driving this unprecedented, transformational era in the logistics industry. Connected devices and systems are helping logistics businesses, and those that require efficient logistical processes, to reduce operational costs and increase satisfaction for customers, and the combination of these two factors are poised to help businesses remain competitive and maximize their profits.
In this eBook, we will explore the many ways that IoT is helping logistics’ organizations remain competitive in this rapidly changing industry, focusing on: