New research from HERE Technologies and Frost & Sullivan indicate that approximately a third of logistics companies in the Asia Pacific (APAC) region are considering IoT (37 percent), warehouse automation (33 percent), and electric vehicles (32 percent) as key investment priorities in the next two years. More than half of the logistics companies are also leveraging map-based solutions with real-time location data for fleet tracking, the companies say.
‘The State of Movement’ white paper surveyed 152 logistics companies in six countries in APAC: Australia, India, Indonesia, Japan, Singapore, and Thailand.
COVID-19 has disrupted, and revealed vulnerabilities in supply chains, putting logistics companies still relying on traditional systems at a disadvantage. “With multiple moving parts within the supply chain, these companies are exploring connected systems and vehicles to improve their fleets, asset tracking, and shipment monitoring,” according to the report.
According to the report, while GPS (77 percent), RFID (31 percent), and QR codes (20 percent) are commonly used in fleet management, IoT is swiftly gaining popularity with 21% of respondents having adopted it. Two out of five logistics companies will be implementing IoT solutions across all assets over the next two years, the company said.
To access the white paper, click here.
Contact: Melissa Tan, Frost & Sullivan, 65 6890 0926, melissa.tan@frost.com.
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