Over the past few years, the Internet-of-Things has become one of the most important technologies. Now that we can connect everyday objects—kitchen appliances, cars, thermostats, baby monitors—to the internet via embedded devices, seamless communication has become possible between people, processes, and things. How did this happen?
While the idea of IoT has been in existence for a long time, a collection of recent advances has made it practical:
- Access to low-cost, low-power sensor technology. Affordable and reliable sensors are making IoT technology possible for more manufacturers.
- A host of network protocols for the internet has made it easy to connect sensors to the cloud and to other “things” for efficient data transfer.
- Cloud computing platforms. The increase in the availability of cloud platforms enables both businesses and consumers to access the infrastructure they need to scale up without actually having to manage it all.
- Machine learning and analytics. With advances in machine learning and analytics, along with access to varied and vast amounts of data stored in the cloud, businesses can gather insights faster and more easily. The emergence of these allied technologies continues to push the boundaries of IoT and the data produced by IoT also feeds these technologies.
- Conversational artificial intelligence (AI). Advances in neural networks have brought natural-language processing (NLP) to IoT devices (such as digital personal assistants Alexa, Cortana, and Siri) and made them appealing, affordable, and viable for home use.
And now, companies are starting to apply IoT technology one of the example is to improve cold chain monitoring.
Increased Demand for IoT Applications
IoT fundamentally connects smart devices and material things to create a remotely controlled network for real-time data exchange and communication. The IoT connected devices control by automatic capabilities and can function effectively and remain accessible to users 24/7. The IoT penetration also is on the rise in our daily lives, the global market is about to reach USD 520 billion by 2021, representing an increase of around 50 percent in each successive year since 2018. IoT automation is becoming gradually a part of everyday life around the world.
It’s no surprise that the global cold chain monitoring market is set to soar, growing from USD 4.6 billion in 2020 to USD 8.2 billion by 2025 with a CAGR of 12.5%. Increasing demand for temperature-sensitive drugs, rising demand for better food quality, intensifying need to reduce food wastage, surging demand for generic drugs owing to higher accessibility, and surging government focus on increasing the supply chain efficiency of the fast-growing pharmaceuticals sector in Europe and North America are some of the major factors driving the growth of the market.
Currently, F&B remains the primary application area for cold chain monitoring solutions as frozen or cooled food categories continue to witness unwavering expansion all over the world. Chemicals and pharmaceuticals are the other two domains that require unfailing controlled room temperature solutions and are likely to play an important role in spurring the growth of the cold chain monitoring market in the near future.
In the highly competitive and demanding industries, companies are always looking to improve and gain a competitive edge, including through improved cold-chain logistics.
The Challenge of Shipping Sensitive Goods
For thousands of years, perishable foods were impossible to ship long distance without spoiling. People around the world would pack delicate foods in snow and ice, but eventually these melted. The cold food and beverage supply chain is arguably one of the most complex worldwide, given the perishable nature of the products it transports. Conditions like temperature and humidity are constant variables, and even minimal change in these could have a devastating impact on entire shipments.
Today, we take this ability to send perishable, temperature-sensitive goods like lobsters and ice cream for granted. In truth though, the cold chain shipping process is extremely sensitive, and any disruption can spoil the goods—a challenge that ultra-cold COVID-19 vaccine producers like Pfizer must contend with. In a 76,4 billion USD global pharmaceutical logistics market, logistics decision makers report 63% success with product damage and spoilage. This leaves a third of shipments that are presumable not successful.
The challenge of cold-chain shipping is three-fold. Temperatures must be kept consistent, time frames are important (for example, beyond a certain point those air-flown oysters won’t be fit for eating) and when it comes to food and temperature-sensitive drugs products, the appropriate food security procedures must be adhered to. Any slippage can result in real harm to end-users, as well as regulatory penalties and losses to the bottom line.
As such, enterprises want to be able to know where their cargo is and what the temperature is in real-time. Fortunately, with the rise of Internet-of-Things solutions and cloud-based technology, this is no longer an impossible demand. What’s more, these solutions can now be implemented on a rental basis, using a Software-as-a-Services (SaaS) structure.
Our Support to Improve Your Cold Chain Monitoring
Telin has partnered with Roambee, a leading Silicon Valley provider of cold monitoring solutions, to put you in control of your cold chain (ware house and transit). Telin Roambee Solutions uses purposefully built sensor hardware, cloud data analytics, and automation - for reliable monitoring and response - indoors, outdoors, and in-transit. There are no sensors to purchase or manage; you only pay for what you monitor.
By doing so, you can monitor your products wherever they are, using a dashboard that displays the data in real time – giving you a clear “bird’s eye view” of your shipment anywhere in the world, whether the shipment is in in transit, or in any storage or sorting facilities.
Equipped with information gathered through Telin Roambee Solutions, you can how your shipment or the assets is being processed while gathering valuable and actionable data for improvement and, in the case of incidents, mitigation
Why Telin Roambee Solutions?
24x7 Support
24-hour network management team ensures that the service runs smoothly around-the-clock
Real-time monitoring
Real-time condition creating virtual climate detection zones using BLE beacons and Roambee’s portable wireless devices
Touchless data recovery
Wireless data extraction using smartphone with Roambee Apps at any time
How to instantly apply Telin Roambee Solutions?
- Tag returnable assets like bins, totes, drums, big containers, ULDs, and configure waypoints on a map through a web or mobile browser. No readers, antennas, or facility infrastructure!
- Tag and track all your assets in a matter of days without any need of support; scale up to cope with spikes in demand, or wind down when business is slow, either way, you pay as you go.
- We deliver wire-free, hassle-free, and CAPEX-free tracking tags wherever you need them; these long-lasting, direct-to-cloud tags work primarily on LPWAN networks or on cellular as backup
- Let our platform and control tower combine live sensor data with AI-enabled analytics and automation to implement the best course of action for your returnable asset operations.
Find Out More
If you’re interested in finding out more about Telin Roambee solutions, drop us email at marketing@telin.net and let’s get talking about ways to advance your business. Stay safe, stay healthy, keep productive!