Trend Report Explores the Future of IoT in Logistics
Even before the current COVID-19 crisis, wireless communication technology was making headlines. Much of the recent interest has focused on 5G mobile data networks that are being rolled out in many countries. 5G promises a host of benefits for end users, businesses, and telecommunications systems operators alike, including higher speeds, greater capacity, and tailored services for a new generation of smart connected devices.
DHL has released “Next-Generation Wireless in Logistics”, a new Trend Report that offers a comprehensive look at the evolution of wireless networks and the future of the Internet of Things (IoT) in logistics. The report summarizes logistics industry perspective and recent numbers, paving the way to a common understanding of different wireless technologies by showcasing examples and envisioning future possibilities for next generation wireless.
60% of respondents stated that visibility of their supply chain is currently inadequate. The top three key challenges among the respondents are achieving true end-to-end visibility, lack of a single centralized platform to drive IoT initiatives, as well as fragmented data collection from inherently heterogeneous supply chains. The top three priorities identified shaping visibility strategies are end-to-end transportation visibility, inventory visibility, and the implementation of supply chain data analytics. 75% of respondents reported they intend to implement at least one next-generation wireless technology in the near future to achieve their visibility goals.
In a future where everyone and everything is online everywhere, three key things will become possible for the logistics industry:
- Total Visibility
- Wide-Scale Autonomy
- Perfecting Prediction
While much of the forecast growth will be achieved using technologies that are already familiar to many of us, truly universal connectivity will require approaches that can offer new capabilities, including higher capacity, greater reach, faster speeds, better energy efficiency, and lower costs.
“Large-scale connectivity is an extraordinary technological and social success story. While IoT is not new in logistics, with 20 billion connected devices already in use globally, this story is still only just beginning. A myriad of technologies are simultaneously advancing at a rapid rate, which are also cost effective and increasingly ubiquitous. They are now becoming more accessible which suddenly opens up vast opportunities for the development of applications and use cases at an unprecedented rate,” explains Matthias Heutger, SVP, Global Head of Innovation & Commercial Development, DHL.
The complete Trend Report “Next-Generation Wireless in Logistics” is available for free download at www.dhl.com/next-gen-wireless-logistics.