New Research: IoT Barrier to Entry Coming Down for Supply Chain Providers

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Will digitalization reshuffle the deck in the marketplace of logistics services? The IT experts at AXIT, a Siemens company, believe it will. The new paper just published by the specialist for cloud-based supply chain management solutions highlights how the digital transformation is affecting the industry. The authors believe that the “fourth-party logistics” (4PL) provider model will be the main beneficiary of this trend.In recent postings, SCMR has noted that groups like the Trusted IoT Alliance is trying to bring companies together to develop and set the standard for an open source blockchain protocol to support IoT technology in major industries worldwide.But while transportation organizations recognize the potential of IoT to make them more efficient and profitable, new research from Inmarsat, the global mobile satellite communications provider, has revealed that many lack the skills and data-sharing processes to fully exploit the technology. Analysts told SMCR that unless these shortfalls are addressed, transportation businesses may be limiting the scope of their transformations.     

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