Managing a cold chain requires precision, real-time data, and reliable technology to ensure that temperature-sensitive products—whether food, pharmaceuticals, or chemicals—are transported without compromising their integrity. As supply chain managers seek advanced cold chain monitoring solutions, understanding the critical innovation criteria is essential for making the right choice.
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If you manage a supply chain of temperature-sensitive products, cold chain monitoring can help minimize spoilage/waste and boost customer satisfaction. Products like vaccines, biologics, fresh produce, frozen food, and dairy must be stored in cool temperatures throughout the entire supply chain, or they risk becoming unsellable. Every year, the biopharma industry loses about US$35 billion because of a failure to implement temperature-controlled logistics. Even worse, the lack of temperature monitoring greatly contributes to the US$1 trillion of food waste annually. Cold chain technologies like temperature sensors and software platforms can help you avoid spoilage and comply with safety regulations.
When ABI Research surveyed 1,800 fleet operators last year, the results indicated that 6 out of 10 businesses place fleet electrification as their near-term goal. Consequently, the number of commercial Electric Vehicles (EVs) on the road is forecast to grow from 171,000 in 2020 to approximately 3 million by the decade’s end. Today’s rapid transition to electrified fleets and Zero-Emissions Vehicles (ZEVs) is the result of several internal and external factors. This post covers six of the biggest market drivers for fleet electrification.
The global supply chain disruption has made executives realize that their logistics operations can go into a state of disorder at any time. To make their supply chains more resilient and adaptable, company leaders are leveraging the automation benefits that come with Warehouse Management Systems (WMSs). Impressively, revenue in the WMS market will increase from US$3.4 billion in 2022 to US$10.7 billion in 2030, according to ABI Research’s Warehouse Management Systems (WMS) Software research analysis report—Logistics Service Providers (LSPs), retailers, and manufacturers are investing in this technology the most.