| |JUNE 20229IoT offers greater real-time insights for tracking and re-porting routes and delivery schedules and helps companies in analyzing whether trucks are in need of repairs or main-tenance through remote monitoring capabilities. This helps in extending the shelf life of the vehicle. By facilitating the provision of real-time data insights, these new-age technol-ogies help supply chain companies in delivering actionable outcomes and arriving at informed business decisions. Advanced asset tracking technologies and IoT-enabled solutions have exerted a transformational impact on the functional dynamics of smart transport. By facilitating an efficient track and trace mechanism, IoT enables customers to keep a check on the movement of their freight through-out the life cycle of the cargo. Leveraging Radio Frequency Identification (RFID), data can be accessed in a real-time environment, leading to greater transparency in supply chain operations. Logistics industry players can gain substantial benefits through the inclusion of smart vehicles in their transport fleets. With little or no human intervention, accidents caused by human error are greatly reduced. This greatly improves the safety of vehicular assets and enhances their longevity. It also ensures greater operational efficiency and convenience forcargo movement. Electric Vehicles (EVs) have rightly been hailed as a game changer for the global transport industry. They come with the promise of substantial economic and ecological benefits for businesses, communities, the country and the world. Logistics companies in the country are increasingly investing in EVs which offer them a sustainable and cost-efficient transportation alternative. The limitation of using EVs lies in the fact that using it for long distances can lead to missed delivery timelines. The large scale use of EVs on a commercial basis can become viable only with the setting up of a robust charging infrastructure in the country. Logistics companies will be encouraged to invest in boosting their EV fleet with the setting up of charging stations at short distances across key roads and highways in the country. With the production of EVs in the country still picking pace, the sole ownership of eco-friendly vehicles by individual companies can be a costly affair. In this context, shared mobility will not only increase the use of EVs among industry players but also ensure a decent Return on Investment (RoI) for funds invested. Transportation trends around the world are being disrupted at an accelerated pace. Smart transportation is on its way to emerge as the new normal for global and Indian logistics companies. Investing in a smart transportation infrastructure will not only ensure efficient freight movement but also create shorter and agile supply chains for industry players.
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