The Internet of Things (or the IoT) covers the devices and software built into products that share data and information across networks for functional and learning purposes. Better safety measures, performance, traffic management and functionality are all possible as more logistics and supply chain companies embrace this integrated tech. The IoT is effectively upgrading a lot of existing tech that’s used: sensors installed into vehicles can monitor driver’s performance and safety, aggregating information to their insurers, management and provide real-time updates to their dashboards; more than that, the sensors can monitor refrigerated stock, vehicle load, and combine with blockchain technology to create a record of cargo maintenance.
As 5G capabilities develop and become accessible to the general public, the power and speed of the IoT has the potential to dramatically change and boost productivity in logistics and supply chains. However, being a relatively new technology we have to consider some of the up and coming challenges the IoT faces
, such as risks of breached security, regulation and user compatibility as multiple vendors and developers vie for creating the superior home network for the IoT. That’s not to underplay the huge potential the IoT has and how it’s already influencing and changing the shape of logistics and supply chains. If you want to find out more, we’d strongly recommend you check out our previous blog post on the IoT