Connected logistic is an integrated system that integrates planning, materials management, and other key operational components to provide a complete and flexible logistical solution. A connected logistics system aims to reduce costs while improving the quality of services, while maintaining or improving upon the security of shipments. Moreover, a good connected logistics system offers the companies easy access to information and enables better collaboration among employees and partners.
Connected logistic provides various benefits to logistic businesses by providing improved productivity, real-time access, and improved operational efficiency through integration of multiple connected platforms such as smart devices, cloud computing, and Internet of Things (IoT). Communication technologies, such as Wi-Fi and Bluetooth, are used to improve logistic support. Connected logistics an important business strategy, as it is more adaptive, automatic, sophisticated, and an intelligent system.
Market Dynamics:
Increasing adoption of the cloud-based solutions in the connected logistics is expected to propel the growth of the connected logistic market. For instance, businesses will spend around US$ 191 billion on cloud services by 2020, according to International Trade Administration report. Moreover, the increasing demand for operational efficiency, decreasing cost of communication devices, and the increasing adoption of IoT across various industries is expected to fuel the growth of the connected logistic market.
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