Smart Food Logistics Market 2022 Competitive Insights and Business Developments- Orbcomm, Sensitech, Verizon Connect, Teletrac Navman, Monnit Corporation

The report considers the present scenario of the Smart Food Logistics Market and its dynamics for the forecast period 2022-2026. Smart Food Logistics Market covers a detailed overview of several growth enablers, restraints, and trends in the market. The research report highlights the market’s current and potential key opportunities along with crucial insights.              

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 Smart Food Logistics market is highly competitive and consists of a number of major players. Companies like Orbcomm, Sensitech (Carrier Global Corporation), Berlinger & Co. AG, Geotab Inc., Kii Corporation, Verizon Connect, Teletrac Navman, Monnit Corporation, Controlant, Samsara Networks, Inc., Seaos, Nippon Express co. ltd., YUSEN LOGISTICS CO.,LTD. (Nippon Yusen Kabushiki Kaisha(NYK), Hacobu Co., Ltd. (MOVO), Kouei system ltd., LYNA LOGICS, Inc. Amongst Others.

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Key Developments:

- 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.

Market Segmentation:

Segment by Type
Cold Chain Monitoring
Asset Tracking
Fleet Management
Segment by Application
E-Commerce
Supermarket
Agricultural Trade

Key Market Trends:

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.

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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 regional scale.

–Key Market Features: The report evaluated 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:  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, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Smart Food Logistics Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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