Smart Food Logistics Market Top Countries Data Share, Scope, Stake, Trends, Industry Size, Sales & Revenue

Global Smart Food Logistics Market Size, Status And Forecast 2021-2026

MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on Smart Food Logistics market, forecast for 2021-2026, covering all aspects of the market and providing up-to-date data on current trends.

The global smart food logistics market (henceforth, referred to as the market studied) was valued at USD 8.12 billion in 2020 and it is expected to reach USD 16.69 billion by 2026, registering a CAGR of 12.7%, during the period of 2021-2026. The market for smart logistics in food industry has emerged from benefits of facilitating the Ease of procuring to tracking packages in transit. The ability to receive the items fresh with a real-time access to the movement of food is where smart logistics powered by internet of things (IoT) is making a huge difference.?

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Competitive Landscape
The smart food logistics market is moderately fragmented. The major players with prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. Some of the key developments in the market are:

- Oct 2020 - LYNA Logics AI automatic vehicle dispatch engine was adopted in "ZENRIN Logistics Service", as it provides a comprehensive support from AI-based vehicle dispatch planning to route guidance using Zenrin's housing map data, and management and analysis of business progress. By combining the technologies of both companies, Lyna Logics plan to realize optimal vehicle allocation planning and operation management that considers various restrictions at the site, and strongly promote the efficiency of a wide range of transportation and delivery operations from EC / home delivery to B2B transportation

- Aug 2020 - Hacobu Co., Ltd. renewed its telematics service "MOVO Fleet" for the logistics industry. Hacobu is developing a cloud service "MOVO" with the aim of optimizing inter-company logistics. "MOVO Fleet", is a telematics service for the logistics industry that aims to grasp the vehicle position using a GPS terminal, reduce the work burden of operation managers, and streamline delivery work.

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Cold Chain Monitoring to Hold a Significant Share
- Rapidly changing food habits, heightened demand for packaged food, and stringent regulations regarding packing and storage have resulted in a power shift from manufacturers to retailers. Processes focusing on zero contamination, precise storage, and high-speed storage and retrieval operations are the key reasons driving automation and the adoption of the technologies in the food and beverage logistics process.?
- A cold chain monitoring solution helps the food manufacturers efficiently manage the storage, shipment, and distribution of products requiring a temperature-controlled environment. Incomplete cooling chains caused by mechanical breakdowns, traffic delays, and other factors create changing temperatures that can affect perishable foods' spoilage and safety. Also, a lack of real-time visibility of goods locations can contribute to inefficient operational processes.?
- Hence, the adoption of cold chain monitoring ensures stable temperatures for the transport and storage of goods. Technologies like Bluetooth Low Energy (BLE) beacons with temperature sensors enable tracking goods locations at relevant checkpoints and tracing temperature data continuously and seamlessly, during shipment, or throughout the supply chain.?
- Multiple food logistics companies are engaging in expansion activities. For instance, in September 2020, third-party food logistics company FreezPak Logistics has announced its plans to build a 140,000 square-foot facility in the United States equipped with an automated storage and retrieval system. The location to be outfitted with 12 robots that can automatically retrieve and store goods.?
North America Holds Major Share
- The region is anticipated to hold the largest share in adopting smart logistics due to many vendors' presence and increasing concern to eliminate wastage and optimize resources. North America is one of the prominent asset tracking markets due to the strong presence of the manufacturing and transportation, and logistics industries, with several technological advancements in the region. Also, government initiatives and regulations in various end-user industries are expected to increase the region's market growth.??
- For instance, the Federal Highway Association (FHWA), along with the American Association of State Highway and Transportation Officials (AASHTO), and state and local departments of transportation (DOTs), has been encouraging the application of asset tracking in the transportation and logistics industry.?The logistics industry is going through a transformation due to eCommerce giants like Amazon; their logistics solutions allow them to deliver items to your doorstep the same day. This same-day shipping magic is made possible by the smart logistics powered by the Internet of Things.?
- The region has a robust presence of players offering IoT solutions. For instance, Bridgera is a custom software development and service company specialized in building Internet of Things solutions. The company offers an app, Bridgera TrackMe, and IoT platforms, like Bridgera IoT, which offer benefits like smart warehouse system, autonomous Fleet, to companies in the delivery and dispatch business. Particularly those in the food delivery, towing truck, or ambulance services.?

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluates key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Smart Food Logistics Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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