INTERNET OF THINGS GAINS IMPORTANCE IN SUPPLY CHAINS

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@XENETA_AS

ABOUTXENETA

At Xeneta we believe there is an untapped potential for everyone in the industry, to systematically learn from our individual and collective efforts. We hold true that "if you cannot measure it, you cannot improve it". That’s why we think actionable metrics is the key to continuously evolve for every business, and ultimately the entire industry. Rethinking global logistics is the vision of Xeneta.

With international experience from the logistics industry, we have first-hand knowledge of the challenges related to high volatility and lack of transparency in the ocean freight market. By combining logistics background and information technology expertise, we found the solution to these challenges.

WE ARE TRANSFORMING GLOBAL LOGISTICS

ARE YOU PAYING THE RIGHT CONTAINER

FREIGHT RATES?

DISCOVER SAVINGS POTENTIAL IN REAL

TIME.

CONTACT US.

THE INTERNET OF THINGS (IOT) IS REVOLUTIONIZING SUPPLY CHAINS WORLD-WIDE. EYE FOR TRANSPORT (EFT) RECENTLY SURVEYED 600 SUPPLY CHAIN DECISION MAKERS TO LEARN MORE ABOUT THIS FAST GROWING TREND.

NETWORK OF PHYSICAL OBJECTS THAT CONTAIN EMBEDDED

TECHNOLOGY TO COMMUNICATE AND SENSE OR INTERACT WITH THEIR INTERNAL STATES OR THE

EXTERNAL ENVIRONMENT

- IoT, technology Research Company, Gartner

ACCORDING TO EFT’S SURVEY, LOCATION, SECURITY AND

TEMPERATURE ARE THE TOP THREE TYPES OF INFORMATION COMPANIES ARE LOOKING TO GAIN FROM IOT IN

THEIR SUPPLY CHAIN.

CUSTOMERS COME FIRST

THE ABILITY TO OBTAIN USEFUL

INFORMATION IS DEFINITELY

IMPORTANT AND FOR MOST SURVEY

RESPONDENTS, INFORMATION TO BETTER IMPROVE

CUSTOMER SERVICE IS THE PRIMARY

REASON WHY COMPANIES ARE DEPLOYING IOT.

ALONG WITH IMPROVING CUSTOMER SERVICE, PROVIDING CUSTOMERS WITH MORE FREQUENT UPDATES ON SHIPMENT PICK-UP OR DELIVERY AND IMPROVING SPEED, DELIVERY TIME FRAMES ARE OTHER TOP REASONS.

MOST RESPONSES WITH 80% FOLLOWED BY AIR SHIPMENTS WITH 50% AND SEA SHIPMENTS WITH 33%. EFT NOTES THAT THE GROWING PREFERENCE TOWARD IOT WILL CONTINUE AS MORE AND MORE COMPANIES SEE PAYBACK FROM THEIR IOT INVESTMENTS.

AS IOT CONTINUES TO BE ADOPTED, AN INTERESTING SURVEY QUESTION CAUGHT OUR EYE – WHAT LEVEL OF THREAT IS CYBER SECURITY TO IOT STRATEGIES? ALMOST HALF OF RESPONDENTS (47%) INDICATED A MODERATE THREAT WHILE 32% NOTED THE POTENTIAL CYBER SECURITY THREAT WAS MINOR.

ONLY 17% INDICATED IT AS A MAJOR THREAT. PERHAPS IT’S STILL EARLY IN THE IOT ADOPTION PHASE TO CONSIDER SUCH THREATS BUT AS MORE AND MORE EMBRACE IOT, SECURITY WILL NEED TO BE TAKEN INTO ACCOUNT.

MARKET RESEARCH FIRM, IDC, ESTIMATES THE IOT GLOBAL MARKET WILL REACH $1.7 TRILLION BY 2020. AS SUCH, SUPPLY CHAINS ARE ADOPTING THIS CONCEPT AT A QUICKER RATE AS SUPPLY CHAINS BECOME MORE CUSTOMER-CENTRIC.

IOT + PRICE MARKET INTELLIGENCE = HAPPY

CUSTOMERS. HAPPY SHIPPERS.

WHEN APPLIED TO THE OCEAN FREIGHT INDUSTRY, THE IMPORTANCE OF THE HAILED CUSTOMER-CENTRIC STRATEGY IS EVEN MORE PREVELANT, AS SHIPPERS STRIVE TO MAKE SURE THEY HAVE THEIR INVENTORY ON TIME IN THEIR STORES..

WITH THE UPS AND DOWNS OF THE CURRENT OCEAN FREIGHT PRICES, SHIPPERS NEED TO GUARANTEE THAT THEIR CARGO IS GETTING TO THE POS WHEN THEIR CUSTOMERS EXPECT IT.

IOT CAPABILITIES DURING AND AFTER SHIPMENT COUPLED WITH MARKET INTELLIGENCE ON RATE MARKET MOVEMENTS PRIOR TO SHIPMENT MAKE FOR A MATCH MADE IN HEAVEN FOR A HEALTHY FUNCTIONING SUPPLY CHAIN.

LEARN HOW XENETA CAN HELPYOU GET INSIGHT AND

INTELLIGENCE INTO YOUR GLOBAL OCEAN FREIGHT PRICES AND CHANGE YOUR LOGISTICS

BUSINESS:

REQUEST DEMO NOW

MOST RESPONSES WITH 80% FOLLOWED BY AIR SHIPMENTS WITH 50% AND SEA SHIPMENTS WITH 33%. EFT NOTES THAT THE GROWING PREFERENCE TOWARD IOT WILL CONTINUE AS MORE AND MORE COMPANIES SEE PAYBACK FROM THEIR IOT INVESTMENTS.