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Smart food logistics is a part of the food supply chain and it helps to ease the process of obtaining data to track packages during transportation. The ability to access real-time location of the food in smart logistics is possible because of the internet of things. It plays an important role to satisfy customer needs by delivering the right product and quantity at low expense and on-time shipment with minimal or no food waste. The logistics incorporate both cold and room temperature transportation involving accurate planning, execution, and efficient supervising of the whole logistics process. Additionally, it helps to effectively manage the movement of food products from farm to table with minimal resources and avoid wastage. Smart food logistics businesses have adopted information technology in their daily operations to handle food safety compliances, road conditions including blockages, and to improve environmental performance. Furthermore, the smart food logistics market has become even more flooded over the past couple of decades, and adding new customer demands builds up more pressure and makes more complex systems.
COVID-19 Scenario Analysis:
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The rise in the usage of advanced data analytics, enhanced automation and robotics for hardware, software and mobile computing for enterprise resource planning are the factors driving the growth of the smart food logistics market. In addition, advanced transportation medium fitted with smart sensors to enhance the supply chain is propelling the growth of the market. However, the problems related to the absence of real-time transparency of resources positions leading to disturbance in operational processes is the factor hampering the growth of the market. Furthermore, the convergence of logistics and technology, along with cloud-based solutions is the factor providing lucrative opportunities to the growth of the smart food logistics market during the forecast period.
The Market Trends for Smart Food Logistics Market:
Cold Chain Monitoring is Expected to Boost the Growth of the Market:
Rapid change in food habits, increased demand for packaged food, and strict regulations regarding packing and storage have brought about a shift in the food logistics market. Practices focusing on storage and high-speed transportation are the main reasons driving the adoption of the technologies in the food logistics process. A cold chain monitoring solution is helping the food manufacturers effectively manage the storage, shipment, and distribution of products that require a temperature-controlled environment. Inadequate cooling environment caused by technical breakdowns, traffic interruptions, and other factors create temperature change and can affect foods spoilage and safety.
North America is Expected to Lead the Market in the Forecasted Period:
The North American region is expected to lead the market in the forecasted period. The region is adopting smart logistics because of the presence of major vendors and rising concerns to reduce wastage and improve resources. This region is an important asset tracking market owing to the presence of the manufacturing and transportation & logistics industries, with numerous technological advancements throughout the region. Moreover, government initiatives and regulations in various industries are likely to boost market growth.
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Questions Answered in the Smart Food Logistics Market Research Report:
Key Market Segments
Key Market Players