FUTURE PROOFING
integrate data silos , then aggregate and transform data , before distributing it throughout the industry for all to consume . Location technology can help get us to this first step as it has the power to unify disparate data sets . Only then can we derive value out of shared data and improve the logistics industry as a whole .”
Highlights from the HERE Technologies APAC On The Move 2023 study include :
Technology partnerships and implementations are big challenges
About a fifth of the firms surveyed in India ( 22 %) have cited the challenge of identifying the right partners and / or suppliers as their biggest barrier to technology implementation . Also , knowing where to begin with technology implementation is a concern among some Indian logistics players ( 19 %).
Logistics companies surveyed want turn-key solutions that are easy to implement without expensive , time-consuming and labour-intensive system overhauls . According to the study by HERE , software integration challenges with existing infrastructure ( 18 %), high connectivity costs ( 15 %) and high IoT costs ( 14 %) are the main barriers to adopting logistics assets tracking and shipment / cargo monitoring solutions .
“ Every vertical is undergoing Digital Transformation ,” added Neil Shah , Vice President of Research , Counterpoint Research . “ However , the transport and logistics sector in India has been lagging to unlock significant financial and operational benefits to the ecosystem . A coordinated public-private partnership in the form of the government ’ s latest NLP framework with leading technology companies such as HERE brings advanced capabilities to blend the location , software , connectivity and cloud technologies . This will accelerate the Digital Transformation of this core sector in one of the largest T & L markets in the world , offering real-time supply chain visibility and optimisations .”
Indian logistics firms still rely on manual tracking
The pandemic has exposed the vulnerabilities of manual interventions in the global supply chain . Yet approximately 41 % of Indian logistics firms surveyed are using asset tracking and shipment monitoring software in combination with manual inputs to track assets , shipment and cargo .
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