The digital age has transformed nearly every aspect of how we live, work, and play. As part of the digital revolution, the Internet of Things, artificial intelligence, and data have become an increasingly growing topic of conversation, particularly in the cold chain industry.
According to a report from Transparency Market Research, the global supply chain and logistics market are set to exceed $15 trillion by 2023. Since the cold chain involves a large amount of point-to-point communication, it requires a email and phone communication. Unfortunately, many companies still lack end to end visibility to their entire supply chain, which leads to inefficiencies and costly errors. How do companies solve this problem?
Enter Internet of Things, Artificial Intelligence, and Data Analytics
IoT in the Food Supply Chain
IoT is a network that involves machine-to-machine communication. It’s changing how delivery and fulfillment companies are conducting operations. IoT technology is ideal for regulating and reporting real-time temperature data for the cold chain.
Data Analytics for the Food Supply Chain
Data is a fundamental component of logistics operations in the cold chain. Companies will begin using geography-specific data to anticipate demand of certain products in a region. This will maximize efficiency and drive profitability for the cold chain industry. Plus, data analytics allow problems to be fixed by predicting them before they happen. The IoT drives big data, providing more information from several different sources in real-time and allows to gain new understanding and perspective on the cold chain.
Artificial Intelligence in the Cold Chain
AI is essentially programming computers so they can receive data, evaluate it, make a decision based on the evaluation, and then perform a given task based on the decision. One example of AI is robots. In the supply chain, robots are used to track, locate, and move inventory within the warehouses. This creates a streamlined, versatile, and convenient supply chain.
Contact Cargo Data Today
Maintaining an optimal temperature during the handling and transportation of perishable items is critical in order to mitigate risk while supporting food safety efforts. Cargo Data’s Lightning Real Time temperature recorders are a reliable and affordable way for shippers, carriers, and receivers to ensure that their food products are stored and transported within the Food Safety Modernization Act’s (FSMA) temperature requirements. If you’d like more information on IoT technologies, going paperless, or any aspect of temperature monitoring, we’d be happy to help. Feel free to give us a call at (800) 338-8134.