Introduction
The logistics and transportation industry is faced with immense challenges as the global economy becomes increasingly complex and interconnected. Despite the fact that the supply chain ecosystem is diversifying dramatically, the industry has relied on the same limited RFID/Bluetooth/cellular technology to track assets – through multiple stages – before reaching (or not!) their final destination. The main issues with these technologies are that: the tags only provide limited information; expensive site-specific infrastructure is usually required; the network management and connectivity costs along with insufficient battery life make the business cases unfeasible. Considering all of this, it becomes apparent that traditional tracking technologies are not fit for purpose. A more innovative solution is required to relieve the pain points of supply chains that are only as strong as their weakest links. By leveraging the power of IoT, VT smart logistics tracking is enabling a leaner, more agile supply chain.