Impact of the Internet of Things (IOT) on Logistics

Abstract

The logistics company creates a completely digital, flexible, and integrated supply chain that is best suited for e-commerce packages. Due to the use of cutting-edge technology, digitization is growing in popularity in the transportation and logistics industry. Hardware that connects all smart devices, including sensors, motors, and gadgets, is known as the logistics industry's Internet of Things (IoT). It provides fleet management, automatic warehouse operations, and operational performance. The Internet of Things will preserve all the data produced with the assistance of the operations and logistics sector. Later analysis of this record is done to increase productivity and safety. His Internet of Things in logistics is a multi-billion-dollar industry. Moreover, the global IoT in the logistics industry is being driven by rising pricing pressures and a rising need for technological automation. Through integrated electronics, sensors, and social connections, the internet of things is a network that links many devices. The logistics market is worth billions of dollars to IoT. It enables organisations to optimise production, lower production expenses, and lower the cost of raw materials. One of the factors influencing the industry is the ability to track logistics in real time and the development of delivery chains. However, the market's expansion is constrained by a lack of skilled labour, high costs, and rigid government restrictions and norms.