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Smart Food Logistics Market: Introduction

  • Smart food logistics provider helps FMCG industries to maintain the quality of foods, such as fruits and vegetables, so that it does not spoil. Smart food logistics companies use wireless temperature sensors that help preserve frozen foods and provide multi-zone monitoring in refrigerated trucks and trailers.
  • Smart food logistics providers utilize cloud-based collaborative solutions that spread through the entire supply chain. These solutions offer tight integration of transport, warehouse and end consumer information, and transparency through the supply chain.
  • Increase in digitalization day by day, IoT technology has a vital role to play in addressing cold chain encounters by providing real-time visibility into consignment status, including temperature, location, and other conditions
  • Adoption of smart food logistics is expected to increase, as it provides real-time knowledge about fleet/asset location and information about temperature conditions
smart food logistics market size and forecast

Smart Food Logistics Market: Dynamics

Smart Food Logistics Market: Key Drivers

  • Smart food logistics providers employ cold chain monitoring solutions that help food manufacturers to efficiently manage shipment, storage, and distribution of their products that require a temperature controlled environment. Partial cooling chains caused by traffic delay, mechanical breakdowns, and other factors create variation in temperatures, which can affect and spoil unpreserved food and hamper its safety.
  • Cold chain monitoring solutions provide a stable temperature for the storage of goods and transport. Advance technology such as BLE (Bluetooth low energy) beacons with temperature sensors enable tracking the location of goods at significant checkpoints and tracking temperature data during shipments or throughout the supply chain.
  • Smart food logistic companies provide traceability solutions to secure or digitize the supply chain. It shows real-time data, enabling to trace and track all phases of the product journey from raw materials to consumer.
  • Lack or limited awareness and high initial cost to implement and integrate smart food logistics are expected to hamper the market
smart food logistics market growth trend

Impact of COVID-19 on the Smart Food Logistics Market

  • Increasing cases of COVID-19 across the globe are resulting in an economic slowdown. Developed countries are strongly affected by the pandemic. COVID-19 has had a negative impact on the smart food logistics market. Some companies have withheld all investments in advanced business solutions and tools due to the low return on investment.

North America to Hold Major Share of the Smart Food Logistics Market

  • North America is the global leader in smart food logistics market due to the presence of several vendors and growing concern about optimization of resource and elimination of wastage. North America holds a major share due to the strong presence of logistics industries, manufacturing and transport, with various technological advancements in the region. Moreover, government regulations and initiatives in several end-user industries are anticipated to further boost the North America market.
smart food logistics market size by competition landscape

Key Players Operating in the Global Smart Food Logistics Market

  • ORBCOMM, Inc.

ORBCOMM, Inc. was incorporated in 1993 and is headquartered in New Jersey, U.S. The company is a global leader in the Industrial Internet of Things (IoT). The company provides machine-to-machine communications, which are designed to monitor, track, and control fixed and mobile assets. The company provides services in oil & gas, transportation and distribution, mining, maritime, transportation and distribution, and government sectors.

  • Berlinger & Co. AG

Berlinger & Co. AG was incorporated in 1865 and is headquartered in Massachusetts, U.S. The company provides temperature monitoring and long-lasting doping control. The company has a wide range of products, from data loggers to wireless devices and temperature indicators. The temperature monitor provides data in real-time or passive mode. The company has cloud-based data management systems, combining shipment monitoring and site monitoring under one platform.

Other key players operating in the global smart food logistics market include LYNA LOGICS, Inc., K​ouei system ltd.​, Hacobu Co., Ltd. (MOVO), YUSEN LOGISTICS CO.,LTD., Nippon Express co. ltd., Seaos​, Samsara Networks, Inc.​​, Controlant​​, Monnit Corporation, T​​eletrac Navman​​, Verizon Connect​​, Kii Corporation, Sensitech and Geotab Inc.​​

Smart Food Logistics Market: Research Scope

Smart Food Logistics Market, by Component

  • Hardware
    • Sensors
    • Networking Devices
  • Software
  • Services
    • Professional Services
      • Consulting
      • Support & Maintenance
    • Managed Services

Smart Food Logistics Market, by Technology

  • Cold Chain Monitoring
  • Asset Tracking
  • Fleet Management

Smart Food Logistics Market, by Application

  • E-Commerce
  • Supermarket
  • Agricultural Trade

Smart Food Logistics Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Smart Food Logistics Market