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Real-time monitoring reduces costs, enables supply chain transparency, and contributes to a sustainable society

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  • Hjertenstein, Jon

Abstract

Internet of Things (IoT) for transportation helps companies address their challenges with sustainability. Transportation and logistics-related IoT spending is expected to grow from US$10bn in 2015 to US$40bn by 2020.1 Companies have started to see the great potential and positive impact of IoT on their shipments and are now considering it to be an investment rather than an expense. Reaching sustainability goals has now moved far beyond compliance. The technical barriers to implement IoT for transportation are reducing as the products and solutions become even smarter. This paper focuses on the positive gain of introducing real-time monitoring of shipments.

Suggested Citation

  • Hjertenstein, Jon, 2019. "Real-time monitoring reduces costs, enables supply chain transparency, and contributes to a sustainable society," Journal of Supply Chain Management, Logistics and Procurement, Henry Stewart Publications, vol. 2(1), pages 44-49, September.
    • Handle: RePEc:aza:jscm00:y:2019:v:2:i:1:p:44-49
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    More about this item

    Keywords

    Internet of Things (IoT); real-time monitoring; reduce food waste; reduce CO2 emissions; sustainability; transparency;
    All these keywords.

    JEL classification:

    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

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