The logistics industry is a huge sector with great untapped potential paving the way for IoT-based asset and employee monitoring solutions to make their foray into this industry.
According to an internet source, “Total market cap of the logistics industry alone is set to reach $41 Billion USD by the end of 2021”
With this much capital, the need for increased efficiency in the logistics sector is very important. Here’s another statistic that agrees with this,
According to a 2017 McKinsey survey, “92% of senior enterprise stakeholders think the internet of things will generate a positive impact by 2020. Yet, more than half of companies use 10% of their IoT data or less.”
Here are a few advantages through which IoT-based RTLS (real-time location systems) can increase efficiency and overall cost savings in the long run:
- Smart Warehouses – With the advent of smart technologies like Bluetooth Low Energy (BLE) and Ultra-wide Band (UWB), warehouses using RTLS can enable the automation of locating employees, assets and alert generation to boost the ROI on daily operations.
- Accurate Employee Visibility & Safety – With RTLS, the safety of employees can be ensured by setting up a custom emergency alerts system for safety violations.
- Improved Asset Management – Manual/human intervention in inventory and asset management can be automated with instant data on goods left, vacant space utilization & more.
- Continuous Environment Monitoring – Since most large scale multi-level warehouses operate 24×7 for 365 days, regulation of the working conditions inside the warehouse can be taken care of with smart sensors to check on physical parameters like temperature, humidity etc. which will directly sync with the RTLS solution being used.
That being said, check out how Pinmicro’s assistplus solution is set to lead the way in transforming the logistics industry: https://assistplus.io/warehouse/. For more details about how IoT RTLS works, check out our all-new knowledge centre: https://pinmicro.com/knowledgecenter/