IoT, location technology hot among logistics players in APAC

By combining IoT with location-based services logistics companies can achieve real-time tracking, reduce misplacement of assets, and improve operational efficiency

Over third of logistics companies – 37% – in the Asia Pacific (APAC) region are considering the internet of things (IoT) as key investment priority in the next two years. According to a recently released white paper, the other two hot favorites are warehouse automation (33%) and electric vehicles (32%). Over half of the logistics companies are also leveraging map-based solutions with real-time location data for fleet tracking.

Conducted by from HERE Technologies in partnership with global consulting firm Frost & Sullivan, ‘The State of Movement’ white paper surveyed 152 logistics companies in six key 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.

“Digital disruption is taking place in the logistics industry, and traditional approaches will no longer work. Companies in the Asia Pacific are welcoming future technologies to help them build resilient and efficient supply chains and drive their business forward,” said Janesh Janardhanan, Practice Area Leader – the Asia Pacific, Supply Chain and Logistics, Frost & Sullivan.