Real-time temperature reporting, advanced analytics
reporting, and AI-powered optimization are some key use cases
driving adoption in the food & beverage industry
NEW YORK, Aug. 1, 2024 /PRNewswire/ -- The adoption of cold
chain telematics solutions for refrigerated trucks and containers
in the food and beverage industry is set to grow extensively over
the coming years. Regulatory compliance and food waste reduction
are the biggest drivers of solutions implementation in this space.
According to global technology intelligence firm ABI
Research, food cold chain track and trace revenues are expected
to surpass US$7 billion worldwide in
2032. These revenues will consist of hardware sales and recurring
monthly Software-as-a-Service (SaaS) revenues. Software services
can enable real-time monitoring of metrics such as temperature and
humidity of ambient temperature of refrigerated trucks and food
items during transit.
"Retailers are taking numerous initiatives such as streamlining
last-mile delivery processes, employing cold chain telematics
solutions in refrigerated trucks and containers, and adopting
traceability solutions like Radio Frequency Identification (RFID)
and Ambient Internet of Things (IoT). The ability to track
temperature, humidity, and location throughout the supply chain not
only helps retailers adhere to regulatory requirements but also
boosts customer confidence in product quality," explains
Adhish Luitel, Supply Chain
Management & Logistics Principal Analyst at ABI Research.
Reshoring and nearshoring have been on the rise across different
regions across the world and this has also been a major enabler in
the adoption of monitoring solutions. Retailers in the US and
Canada for example, are
increasingly relying on produce farming in Mexico and Central
America due to the favorable climate and proximity. Some key
solution providers in this space include Avery Dennison, Motive, Samsara, Blue Yonder,
Wiliot, and Powerfleet.
"The outlook for deployment of cold chain monitoring solutions
looks encouraging among food and beverage supply chains. Continuous
advancements are expected to further precision and efficiency,
enabling more use cases. As more data points get leveraged, we can
anticipate a much wider integration of Artificial Intelligence (AI)
applications as well. This can build more proactive food
procurement and distribution systems that could address potential
issues," concludes Luitel.
These findings are from ABI Research's Cold Chain
Monitoring Applications for the Food & Beverage Supply
Chain report. This report is part of the company's Supply
Chain Management & Logistics research service, which includes
research, data, and analyst insights. Based on extensive primary
interviews, Application Analysis reports present an in-depth
analysis of key market trends and factors for a specific
technology.
About ABI Research
ABI Research is a global technology intelligence firm uniquely
positioned at the intersection of technology solution providers and
end-market companies. We serve as the bridge that seamlessly
connects these two segments by providing exclusive research and
expert guidance to drive successful technology implementations and
deliver strategies proven to attract and retain customers.
ABI
Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。
For more information about ABI Research's services, contact us
at +1.516.624.2500 in the Americas, +44.203.326.0140 in
Europe, +65.6592.0290 in
Asia-Pacific, or
visit www.abiresearch.com.
Contact Info:
Global
Deborah Petrara
Tel:
+1.516.624.2558
pr@abiresearch.com
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