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IoT track-and-trace growth in supply chain

Emerging Trends  

Businesses are investing in supply chain more and more, especially in track-and-trace technology. Supply Chain Drive reported, “Among industries spending on Internet of Things (IoT) technology, the track-and-trace sector is expected to have the largest spending growth — a 24.2% increase — on IoT devices between 2017 and 2023.”

The level of efficiency that IoT devices like this can bring will have a significant impact on the industry. The high level of expected spending is a clue that your company should be considering this technology if you aren’t already.

Track-and-trace, supply chain expected to lead IoT spending growth

"With the IoT, the supply chain will have unprecedented access to data valued by internal and external stakeholders," Tohamy said.These points must have hit home with carriers, logistics providers and other supply chain operators, as many of these companies have since announced IoT projects they say

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