Intel has officially announced the launch of Intel Connected Logistics Platform (Intel CLP) to give companies unprecedented levels of insight into the status of the assets during their journey through the supply chain. This would help them to make intelligent, real-time decisions that can minimize loss or spoilage of freight, maximize asset utilization and optimize end-to-end supply chain operations.

 

This announcement was made in conjunction while Honeywell unveiled its Connected Freight Solution which is based on Intel’s Connected Logistics Platform. As per researchers’ report, one of the biggest challenges faced by 89% of logistics and shipment service providers is that there is a lack of visibility into the status of their supply chain.

 

 

The annual worldwide financial impact from cargo loss was estimated to be around $60 Billion in the year 2016. In addition, studies suggest that 30% of all perishable goods spoil before reaching their destination. This creates a huge impact both on the global market as well as on an individual company’s supply chain.

 

Utilizing a scalable IoT architecture, Honeywell’s connected freight Solution featuring Intel CLP is composed of cost-effective sensors that can be attached to packages or individual assets. These sensors communicate wirelessly with a cellular- or Wi-Fi-enabled gateway that can either travel with the shipment or be installed as fixed infrastructure.

 

The solution renders real-time status updates of each shipment’s location, humidity, temperature, shock, vibration, pressure, proximity, tilt, and exposure to light. Logistics service providers and shippers can use the platform’s alerts to make real-time decisions so as to reduce operational costs, maximize utilization of associated assets, as well as increase service levels to customers. Highly granular data can also assist companies in planning and predict future operations to proactively avoid problems and greatly improve overall supply chain efficiency.

 

The data gathered and communicated by smart and connected shipments will help industries track goods as well as improve business decisions like rerouting if demand shifts or intercepting a damaged shipment. By analyzing data from thousands of shipments, logistics service providers will be able to predict and avoid routes where damage or delays are more likely to happen, thus establishing a more reliable distribution network.