IoT-powered Digital Ecosystem Transforming the Global Logistics Industry

IoT-powered Digital Ecosystem Transforming the Global Logistics Industry

IoT Solutions Delivering Integrated Value Propositions for the Global Logistics Industry and the Connected Ecosystem

RELEASE DATE
30-Mar-2021
REGION
Global
Research Code: PAEA-01-00-00-00
SKU: TP00208-GL-MT_25334
$2,450.00
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SKU
TP00208-GL-MT_25334
$2,450.00
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Description

The traditional approach to global freight management in the logistics industry faces challenges at every step due to process delays, product theft, and spoilage, lack of supply chain visibility, and resource limitations. Missteps and uninformed decisions in supply chain and logistics operation create havoc and translate into damaged customer relationships. Despite the challenges, the logistics industry continues to develop, as the industry has become truly global with a growing demand for eCommerce and increased customer expectations. The global logistics industry is fragmented in nature and operates at low margins with staff shortages in the commercial trucking and labor-intensive industry segments. The Internet of Things (IoT) is making waves in the supply chain and logistics sectors with the advent of digital technologies, and it holds the answer to several challenges because it can enable the logistics industry stakeholders to have agile and streamlined operations. IoT-as-a-solution has evolved a long way, and today, logistics is not just about freight movement and IoT-powered tracking solutions with sensor tags to understand the physical location of freight. Applications of IoT has progressed to accurate status updates about freight and resources involved, identification of operational bottlenecks, and isolation of logistics process delays and risks. With the emergence of 5G networks and artificial intelligence (AI) applications, IoT solutions enable stakeholders in the logistics industry to create efficiencies in their operations and deliver in-transit freight conditions and operating fleet details so they can execute effective remedial actions when required and ensure profitability and service innovation. The global maritime and container-line industry is focused on developing digital platforms for transparent pricing. However, a few industry leaders have been using IoT to digitize their physical infrastructures to offer a new generation of services. Resource safety management and sustainable business solutions have become the key industry focus areas, with IoT solutions. The road transportation sector, which relies on telematics to deliver connected assets for smart and integrated logistics operations, leads the race in terms of IoT adaption and optimisation. The connected logistics ecosystem with IoT devices with AI-powered cloud-based solutions creates an enormous impact on the end-to-end logistics value chain, delivering workaround insights for cost and resource optimization, to ensure effective disaster and risk management.

This study analyses how the global logistics industry spends on IoT solutions. It provides regional market overviews and their respective shares, drivers, and adoption barriers and identifies key trends and application areas in the end-to-end logistics value chain. This study also identifies the new-generation services and transformational growth opportunities in a strategic partner ecosystem so that logistics industry participants can deliver future-proof connected solutions for smart logistics operation.

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on Global Logistics Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Internet of Things (IOT)—Global Logistics Industry Spend Value

Internet of Things (IOT)—Solution Framework for the Logistics Industry

Internet of Things (IOT)—Application in Logistics Industry

Internet of Things (IOT)—Application in Logistics Industry (continued)

Internet of Things in Logistics Industry—Scope of Analysis

Key Questions this Study will Answer

Global Logistics Industry Spend Towards Internet of Things (IOT)

Internet of Things (IOT) in Logistics—Regional Overview

Internet of Things (IOT) in Logistics—Growth Enablers

Internet of Things (IOT) in Logistics—Growth Obstacles

Internet of Things (IOT)—Software Architecture

Internet of Things (IOT) Value Chain Framework

Internet of Things (IOT)—Solution set-up for the Logistics Industry

Internet of Things (IOT)—Application in Logistics Industry

Internet of Things (IOT) for Smart Logistics Operation

Internet of Things (IOT)—Intelligent Infrastructure and Transportation

IoT Powered Predictive Maintenance System—Rail Transportation

IoT Powered Real-Time Container Monitoring for Maritime Industry

Internet of Things (IOT) for Working Capital Management

Key IoT Solution Providers for Logistics Industry Value Chain

Success Factors for IoT as a Solution in Logistics Industry

Application Maturity of IoT in Logistics Industry Value Chain

Value Transformation for Future Connected Logistics Ecosystem

Growth Opportunity 1: Development of Digital Business Solutions for Real-time Operational Intelligence

Growth Opportunity 1: Development of Digital Business Solutions for Real-time Operational Intelligence (continued)

Growth Opportunity 2: Development of Smart and Integrated IoT Solution through Partner Ecosystem

Growth Opportunity 2: Development of Smart and Integrated IoT Solution through Partner Ecosystem (continued)

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The traditional approach to global freight management in the logistics industry faces challenges at every step due to process delays, product theft, and spoilage, lack of supply chain visibility, and resource limitations. Missteps and uninformed decisions in supply chain and logistics operation create havoc and translate into damaged customer relationships. Despite the challenges, the logistics industry continues to develop, as the industry has become truly global with a growing demand for eCommerce and increased customer expectations. The global logistics industry is fragmented in nature and operates at low margins with staff shortages in the commercial trucking and labor-intensive industry segments. The Internet of Things (IoT) is making waves in the supply chain and logistics sectors with the advent of digital technologies, and it holds the answer to several challenges because it can enable the logistics industry stakeholders to have agile and streamlined operations. IoT-as-a-solution has evolved a long way, and today, logistics is not just about freight movement and IoT-powered tracking solutions with sensor tags to understand the physical location of freight. Applications of IoT has progressed to accurate status updates about freight and resources involved, identification of operational bottlenecks, and isolation of logistics process delays and risks. With the emergence of 5G networks and artificial intelligence (AI) applications, IoT solutions enable stakeholders in the logistics industry to create efficiencies in their operations and deliver in-transit freight conditions and operating fleet details so they can execute effective remedial actions when required and ensure profitability and service innovation. The global maritime and container-line industry is focused on developing digital platforms for transparent pricing. However, a few industry leaders have been using IoT to digitize their physical infrastructures to offer a new generation of services. Resource safety management and sustainable business solutions have become the key industry focus areas, with IoT solutions. The road transportation sector, which relies on telematics to deliver connected assets for smart and integrated logistics operations, leads the race in terms of IoT adaption and optimisation. The connected logistics ecosystem with IoT devices with AI-powered cloud-based solutions creates an enormous impact on the end-to-end logistics value chain, delivering workaround insights for cost and resource optimization, to ensure effective disaster and risk management. This study analyses how the global logistics industry spends on IoT solutions. It provides regional market overviews and their respective shares, drivers, and adoption barriers and identifies key trends and application areas in the end-to-end logistics value chain. This study also identifies the new-generation services and transformational growth opportunities in a strategic partner ecosystem so that logistics industry participants can deliver future-proof connected solutions for smart logistics operation.
More Information
No Index No
Podcast No
Author Suriya Anjumohan
Industries Transportation and Logistics
WIP Number PAEA-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9B01-A6,9963-A6,9694