Executive Briefings

Grocers Are Embracing IoT to Improve Supply Chain Visibility

More than a third of food and grocery companies are using or trialling Internet of Things (IoT) technology, research has showed.

A survey of 84 businesses, conducted by the research charity IDG, found 37 percent of businesses in the sector were either trying out the technology or had successfully integrated it into their business.

IoT involves connecting sensors and objects to the internet - for example fridges, vehicles or stock - in order to collect useful, real time data. This can allow businesses to, for example, monitor which stock sells fastest, the exact location of shipments or the temperature of a freezer.

Chris Irish, supply chain insight manager at IDG, said: “[IoT] allows each unique product to be tracked and monitored, opening up the possibility for highly personalised and responsive solutions for consumers while introducing a new level of real time data-sharing for businesses.

“The pace of change and breadth of impact for technology is such that demand is growing for food and grocery supply chains to deliver innovations that offer speed, transparency, connectivity and convenience.”

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A survey of 84 businesses, conducted by the research charity IDG, found 37 percent of businesses in the sector were either trying out the technology or had successfully integrated it into their business.

IoT involves connecting sensors and objects to the internet - for example fridges, vehicles or stock - in order to collect useful, real time data. This can allow businesses to, for example, monitor which stock sells fastest, the exact location of shipments or the temperature of a freezer.

Chris Irish, supply chain insight manager at IDG, said: “[IoT] allows each unique product to be tracked and monitored, opening up the possibility for highly personalised and responsive solutions for consumers while introducing a new level of real time data-sharing for businesses.

“The pace of change and breadth of impact for technology is such that demand is growing for food and grocery supply chains to deliver innovations that offer speed, transparency, connectivity and convenience.”

Read Full Article