The world is always changing, and in the business sector it must always be at the forefront of innovation. Success in the business world must be accompanied by a well-aligned logistics strategy and, to that end, innovation must be embraced. In this respect, global supply chains have decided to join the revolution in industry 4.0.
A supply chain is one that is formed by different processes, both direct and indirect, with the objective of satisfying the client. The optimization of the supply chain is a process that, little by little, helps to gain in flexibility, supports a management, increases the efficiency of the processes and reduces the risk, while minimizing the generation of waste.
Knowing the trends, changes in demand and market, as well as understanding the possibilities of new developments, is essential to improve results. Business leaders also need to be familiar with the technology.
On the supply chain side, there are some discoveries that are transforming operations today and will change logistics tomorrow. They are as follows:
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IoT: The internet of things
With IoT technologies, people, processes, data and goods can be connected through sensors and intelligent devices. In this way, unprecedented control is obtained over found mining equipment / controversial market move / why bitcoin’s ‘culture war’ matters / did so in april / decentralized autonomous organization / demand from institutions / custody without bail / $2 billion in transactions / it was criticized / drastic quantitative easing action and events of the supply chain. This allows a higher percentage of correct deliveries to be achieved, and ensures that goods arrive in perfect condition.
The internet of things allows the goal of achieving a more competitive business by facilitating fuel savings, (thanks to real-time traffic monitoring and the possibility of recalculating routes) and boosting efficiency in the transport function.
It also helps to grow your business through an improved value proposition, with advantages such as: reduction of product losses in transit, boosting consumer awareness, inventory monitoring for optimized warehouse management or ensuring temperature stability of transported goods.
The IoT in the supply chain can be seen in the intelligent containers for example, which allow the offshore tracking of a cargo, its status, location, temperature variations, etc. The same happens on land and also in warehouses, allowing better control of entry and exit, as well as monitoring of cargoes, until they reach the consumer or end user.