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Logistics refers to the process of effective management, supply and transportation of goods and is the underlying foundation that drives commerce for any economy. Logistics influences all spheres of our lives from raw material procurement to the processing and shipment of finished goods. Its impact runs across industries and sectors all the way from agriculture and the rural economy to modern manufacturing and export. For effective logistics, smart, efficient and cost effective way for movement and delivery with proper quality control and safety integrations are necessary.
As part of Industrie 4.0 transformation, embedding IoT devices improves logistic operations by modernisation with the enabling of efficiencies and transparency through operational, productivity and usage data insights.
According to Statista’s projections, the logistics industry will exceed 14.08 trillion U.S dollars worldwide by 2028. Moreover, the Indian logistics market is anticipated to grow to 563 billion dollars by 2030, with a Compound Annual Growth Rate of 9.4%.
IoT allows businesses to use innovative services more quickly with less risk
Real-time monitoring of fleet management, warehouse inventory management and supply chain management are the most common applications of IoT in logistics
Optimisation and maintenance of storage of assets becomes easier by using intelligent technology
Custom sensors are chosen based on the application requirement. Typical items are
Using GNSS Global Navigational Satellite Systems
Live LocationUsing Load Sensors
Weight measurementUsing RFID (Radio-Frequency Identification)
Asset/Goods identificationUsing IMU Sensors
Inertial Motion DetectionSuch as Temperature, Humidity, Pressure, Gas, Air quality
Environmental SensorsFor management of fleet vehicle arrival/ departure
Proximity Sensors
Our GYRFALCON asset tracker devices allows the tracking of assets and vehicle tracking using GNSS and cellular communications.To be internationally competitive, a country like India whose logistics cost component is upward of 25% needs to bring down its cost to 8-9% (on par with a country like China) to make sure its products are cost competitive. We help you enable the same for your logistics requirements.
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