Smart Food Logistics Market: Introduction
- Smart
food logistics provider helps FMCG industries to maintain the quality of
foods, such as fruits and vegetables, so that it does not spoil. Smart
food logistics companies use wireless temperature sensors that help
preserve frozen foods and provide multi-zone monitoring in refrigerated
trucks and trailers.
- Smart
food logistics market providers utilize cloud-based
collaborative solutions that spread through the entire supply chain. These
solutions offer tight integration of transport, warehouse and end consumer
information, and transparency through the supply chain.
- Increase
in digitalization day by day, IoT technology has a vital role to play in
addressing cold chain encounters by providing real-time visibility into
consignment status, including temperature, location, and other conditions
- Adoption
of smart food logistics is expected to increase, as it provides real-time
knowledge about fleet/asset location and information about temperature
conditions
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Smart Food Logistics Market: Dynamics
Smart Food Logistics Market: Key Drivers
- Smart
food logistics providers employ cold chain monitoring solutions that help
food manufacturers to efficiently manage shipment, storage, and
distribution of their products that require a temperature controlled
environment. Partial cooling chains caused by traffic delay, mechanical
breakdowns, and other factors create variation in temperatures, which can
affect and spoil unpreserved food and hamper its safety.
- Cold
chain monitoring solutions provide a stable temperature for the storage of
goods and transport. Advance technology such as BLE (Bluetooth low energy)
beacons with temperature sensors enable tracking the location of goods at
significant checkpoints and tracking temperature data during shipments or
throughout the supply chain.
- Smart
food logistic companies provide traceability solutions to secure or
digitize the supply chain. It shows real-time data, enabling to trace and
track all phases of the product journey from raw materials to consumer.
- Lack
or limited awareness and high initial cost to implement and integrate
smart food logistics are expected to hamper the market
Impact of COVID-19 on the Smart Food Logistics Market
- Increasing
cases of COVID-19 across the globe are resulting in an economic slowdown.
Developed countries are strongly affected by the pandemic. COVID-19 has
had a negative impact on the smart food logistics market. Some companies
have withheld all investments in advanced business solutions and tools due
to the low return on investment.
North America to Hold Major Share of the Smart Food
Logistics Market
- North
America is the global leader in smart food logistics market due to the
presence of several vendors and growing concern about optimization of
resource and elimination of wastage. North America holds a major share due
to the strong presence of logistics industries, manufacturing and
transport, with various technological advancements in the region.
Moreover, government regulations and initiatives in several end-user
industries are anticipated to further boost the North America market.
Key Players Operating in the Global Smart Food Logistics
Market
- ORBCOMM,
Inc.
ORBCOMM, Inc. was incorporated in 1993 and is headquartered
in New Jersey, U.S. The company is a global leader in the Industrial Internet
of Things (IoT). The company provides machine-to-machine communications, which
are designed to monitor, track, and control fixed and mobile assets. The
company provides services in oil & gas, transportation and distribution,
mining, maritime, transportation and distribution, and government sectors.
- Berlinger
& Co. AG
Berlinger & Co. AG was incorporated in 1865 and is
headquartered in Massachusetts, U.S. The company provides temperature
monitoring and long-lasting doping control. The company has a wide range of
products, from data loggers to wireless devices and temperature indicators. The
temperature monitor provides data in real-time or passive mode. The company has
cloud-based data management systems, combining shipment monitoring and site
monitoring under one platform.
Other key players operating in the global smart food
logistics market include LYNA LOGICS, Inc., Kouei system ltd., Hacobu Co.,
Ltd. (MOVO), YUSEN LOGISTICS CO.,LTD., Nippon Express co. ltd., Seaos, Samsara
Networks, Inc., Controlant, Monnit Corporation, Teletrac Navman,
Verizon Connect, Kii Corporation, Sensitech and Geotab Inc.
Smart Food Logistics Market: Research Scope
Smart Food Logistics Market, by Component
- Hardware
- Sensors
- Networking
Devices
- Software
- Services
- Professional
Services
- Consulting
- Support
& Maintenance
- Managed
Services
Smart Food Logistics Market, by Technology
- Cold
Chain Monitoring
- Asset
Tracking
- Fleet
Management
Smart Food Logistics Market, by Application
- E-Commerce
- Supermarket
- Agricultural
Trade
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