Comment from Sam Colley, CEO of Pod Group.
Read more about what the logistics industry expects in 2024 and beyond in our January magazine here.
The transformative potential of IoT (Internet of Things) track and trace devices in the logistics sector over the coming five years is both exhilarating and promising. The evolution of IoT technology, especially in terms of its flexibility, weight, and longevity, is set to redefine how we manage, monitor, and optimise supply chains.
Firstly, the emergence of IoT devices with more adaptable form factors means they can be integrated into a broader range of assets, from the largest shipping containers to the tiniest parcels. This adaptability ensures that every item can be tracked in real-time, irrespective of its size or shape. Envisage a world where misplaced consignments become a relic of the past, and the location and status of every item can be pinpointed with exactitude. This not only diminishes losses but also bolsters the efficiency of the entire logistics chain.
The decreased weight of these devices is another pivotal advancement. Lighter devices equate to less additional weight on assets, leading to fuel savings and a reduced carbon footprint for transport vehicles. As businesses worldwide strive for sustainability, this feature will be crucial in aiding logistics firms to meet their environmental objectives.
Two key innovations have bolstered the longevity of IoT devices. Firstly, 3D-printed battery technology enables sleeker, more adaptable tracking devices. Secondly, the rise of Low-power Wide Area Networks (LPWAN) allows devices to use less power, greatly extending their lifespan. This results in fewer replacements, reduced maintenance, and consistent, uninterrupted tracking, which is crucial for monitoring perishable goods effectively.
Moreover, these IoT devices will be equipped with sophisticated sensors capable of monitoring location and environmental conditions such as temperature, humidity, and potential security breaches.
The forthcoming five years for logistics, propelled by state-of-the-art IoT track and trace devices, appear incredibly bright. As these devices become more adaptable, lighter, and more durable, they will instigate positive change by enhancing efficiency, sustainability, and reliability in the logistics sector. The future isn’t merely about pinpointing the whereabouts of your shipment but comprehending its entire journey and surroundings. With IoT leading the charge, this future is nearer than we might believe.