Im­pact will In­ter­net of Things (IOT) have on fu­ture sup­ply chains?

Cargo Talk - - Technology -

With IoT, the sup­ply chain world will wit­ness a revo­lu­tion. All de­vices will be in­ter­con­nected which will can help mon­i­tor the goods not just in terms of their se­cu­rity, but also their ex­ist­ing con­di­tion. IoT so­lu­tions will help these com­pa­nies to bet­ter man­age their re­sources al­lo­cated to lo­gis­tics–in terms of num­ber of ware­houses used to house as­sets, de­liv­ery trucks to de­liver them to re­tail out­lets and re­duc­ing the amount of labour ded­i­cated to non-value added jobs like man­ual stock tak­ing. Bet­ter vis­i­bil­ity of the sup­ply chain means that man­u­fac­tur­ers can save time and money and can plan more ef­fec­tively for the fu­ture.

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