The Industrial Internet of Things (IIoT) leverages the interconnectivity of machines and systems with sensors, intelligent data, and analytics to provide increased visibility and better insights into the performance of equipment and assets. Despite what its potential offers, attitudes surrounding IIoT are mixed. Some industry leaders are optimistic, others are dismissive.

For this week’s infographic, we’ve decided to cover nine facts and figures about the opinions of industry leaders related to this topic.

9 Facts About the Industrial Internet of Things (IoT)

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We hope everyone has had a great holiday and we would like to wish all of our readers a Happy New Year! To kick off the year, we have finished compiling our infographic on the top logistics and supply chain facts from the news that we’ve collected throughout last year. As there is a large number of news items spanning the many large topics in the logistics industry, we decided to create our Top 10 by focusing on categories:

  1. Drones
  2. Same-Day Deliver
  3. Supplier Diversity and Women
  4. Sustainability
  5. RFID
  6. World Bank Institute’s Private Sector Platform
  7. Automation
  8. Online Retail
  9. Truck Driver Shortage
  10. Logistics Slow Growth

Each of these topics have some pretty interesting facts and statistics that may have been missed in the hustle and bustle of fellow logistics professionals and enthusiasts. And while we haven’t covered all of the interesting facts from 2014; we felt that these topics helped changes the face of the logistics and supply chain industry in 2014 and serves a good snippet to review the year.

Top 10 Logistics and Supply Chain Facts of 2014

Morai-Logistcs-Top-10-Logistics-and-Supply-Chain-Facts-of-2014

That’s it for us this week! If you liked this blog post, why not subscribe to our blog? If you’re interested in what we do as a 3rd party logistics provider, don’t hesitate to check out our services (as expressed above, we are very pro finding you the lowest total cost!). We’re also in the twittersphere, so give us a follow to get the latest logistics and supply chain news!

Source: Wikimedia Commons
Source: Wikimedia Commons
We have been seeing a lot of posts these days on the Internet of Things (IoT) from industry professionals in supply chain and logistics. This week we thought we would focus on defining the IoT for those that may be unaware and shed light onto how it applies to the logistics and supply chain industry.

The Internet of Things

The Internet of Things (IoT) is a term that was can be traced as far back as 1832 with the invention of the first electromagnetic telegraph all the way to today. The term itself though, wasn’t coined until 1999 by Kevin Ashton from the Auto ID Centre:

I could be wrong, but I’m fairly sure the phrase “Internet of Things” started life as the title of a presentation I made at Procter & Gamble (P&G) in 1999. Linking the new idea of RFID in P&G’s supply chain to the then-red-hot topic of the Internet was more than just a good way to get executive attention. It summed up an important insight—one that 10 years later, after the Internet of Things has become the title of everything from an article in Scientific American to the name of a European Union conference, is still often misunderstood.
Source:RFID Journal

Postscapes has a great overview of the history of the IoT which can be found here. But to define the IoT:

Internet of Things

Definition: The Internet of things is defined as a proposer development of the Internet where everyday objects (i.e. devices) have a form of network connectivity (e.g. Wifi, Bluetooth, etc.) that allow them to send and receive data.

How Does this Relate to Logistics and Supply Chain?

Logistics Viewpoints recently released a blog post on how the IoT will change the face of supply chain management. Essentially, the theory is that operations along the supply chain can be made more efficient by combining technology like smart sensors, cameras, software, databases, etc. with the Internet in diverse ways to optimize the supply chain.

Currently, the IoT is slotted to be present all along the supply chain, from people who will have badges monitors the health of workers in hazardous environments, smartphone apps that detect traffic conditions, to sensors on cargo/shipments that help supply chain planners direct where goods will flow.

Steve Banker of Logistics Viewpoints emphasizes that in order to properly change and accommodate to the advances in applying IoT elements into logistics requires a change in analytics first:

“Collecting, storing and analyzing IoT data requires different processes, skills and technologies.” Acquiring those technologies and ‘growing’ the associated talent will become a key task for companies that want to use IoT to take their supply chain programs to the next level.
Source:Logistics Viewpoints

That’s it for us this week! If you liked this blog post, why not subscribe to our blog? If you’re interested in what we do as a 3rd party logistics provider, don’t hesitate to check out our services (as expressed above, we are very pro finding you the lowest total cost!). We’re also in the twittersphere, so give us a follow to get the latest logistics and supply chain news!