An efficient cold chain reduces transit time, increases customer satisfaction, and reduces costs. Without the assistance of cutting-edge technology, such as IoT, and real-time cold chain monitoring, cutting down on costs won’t be easy. In fact, processing and administration costs have risen to as high as 20% of transportation’s overall costs. That’s why it’s necessary for your supply chain to transition into the digital revolution.
In this article, we’ll give you a rundown on different technologies and how they can help reduce your costs in the cold chain.
So without further ado, let’s get started.
Reduce Product Spoilage
Perhaps the biggest and costliest problem in the cold chain is spoilage. Even if your temperature-sensitive shipments are handled by trained personnel, outside logistics staff and 3PLs may not follow protocol, leading to costly errors. By monitoring shipments in real-time and instantly flagging issues, you can take proactive measures to prevent spoilage that will cost you tens of thousands of dollars.
Streamlines the Shipping Process
Technology such as IoT and autonomous robots makes the shipping process faster and easier to operate, saving you money in the long run.
Enhances Warehouse Operations
From inbound logistics to time-sensitive situations, new technologies can be used to improve warehouse operations. Automated systems can scan inventory, monitor movements, and confirm counts, reducing your labor costs.
New technology and robotic process automation can improve the efficiency and accuracy of day-to-day tasks, thus reducing effort, time requirements, and cost.
Contact Cargo Data Today
Bottomline, technology has made a huge impact in the supply chain industry and can help companies reduce costs and save time when managing their cold chain. If you’d like more information on cold chain technologies or any aspect of temperature monitoring, we’d be happy to help. Feel free to give us a call at (800) 338-8134. We offer free consultations on how to best maximize profits by using temperature recorders to reduce hidden shrink.