Going into 2020, the logistics industry specifically 3PL provider Titan Transline knew that innovation will be very important in refining and expanding operations. Demand for ecommerce was growing and there was stiffer competition in most markets. These factors offered plenty of motivation to the logistics industry. But then, the world was hit by the coronavirus.
Virus or no virus, leaders in the logistics industry would agree that visibility has increased in recent years. IoT devices are growing in utility and usage. Connected devices are allowing logistics companies to effectively monitor cold chain conditions and track utilization across the entire ecosystem.
According to Allied Market Research, global spending for IoT in the transportation market is estimated to more than double in 2023 to reach nearly $330 billion. Spending will increase even as IoT sensors and controller costs decline due to mass production and economies of scale.
Decline in prices means more devices in shipping …