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Internet of Things in Transportation: Game Changer in the Supply Chains

In: New Paths of Entrepreneurship Development

Author

Listed:
  • Carmen Balan

    (The Bucharest University of Economic Studies)

Abstract

Within supply chains, the freight/cargo transportation is on the brink of a new revolution. The Internet of Things (IoT) leads the way to new levels of performance and competitiveness of those market players who adopt the technologies of machine-to-machine connectedness and communication. The upsurge of the IoT fundamentally depends on the entrepreneurial initiatives of the technological innovators that develop solutions in this field, as well as of the early adopters of these new technologies with high game-changing potential. This chapter focuses on major entrepreneurial initiatives and structural changes generated by the IoT in the freight/cargo transportation. The goal of the chapter is to explore the main features of these entrepreneurial initiatives and their implications for the supply chains. The main objectives of the study are the following: to identify major types and features of IoT initiatives, illustrated by means of relevant business cases; to analyse the categories of “initiative owners” that initiated the IoT-based changes; to estimate the advantages and benefits of the IoT for the supply chain members. The contribution of this study refers to the identification of the main features of the IoT-based entrepreneurial initiatives in the freight/cargo transportation. The added value of the chapter is also given by the detailed presentation of the implications of the IoT for the freight/cargo transportation, as well as by the recommendations for practitioners and researchers. The IoT has a high potential to enhance the intermodal/multimodal capabilities of freight/cargo transportation.

Suggested Citation

  • Carmen Balan, 2019. "Internet of Things in Transportation: Game Changer in the Supply Chains," Studies on Entrepreneurship, Structural Change and Industrial Dynamics, in: Luísa Cagica Carvalho & Conceição Rego & Maria Raquel Lucas & M. Isabel Sánchez-Hernández & Adriana (ed.), New Paths of Entrepreneurship Development, pages 99-123, Springer.
    • Handle: RePEc:spr:seschp:978-3-319-96032-6_6
    DOI: 10.1007/978-3-319-96032-6_6
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