While reading one of eft’s newest industry publications, The Internet of Things (IoT) in Supply Chain and Logistics 2016 Research Findings, we were struck by one overarching theme: location information will always be important.
In a survey of 600 respondents from manufacturers, retailers, and logistics providers across the country, eft asked:
“What’s the biggest challenge in your supply chain?”
The number one response:
timeliness of information.
When questioning respondents who stated that IoT is on their road map:
“What type of information are companies looking to gain from IoT in their supply chain?”
Over 70% of respondents are looking for location information.
“Location will always be important, but is increasingly becoming a standard”
Early adoption of real-time tracking data collection will allow manufacturers, retailers, and other shippers to differentiate themselves from their competitors.
