Press release
Smart Food Logistics Market: Revolutionizing Fresh Food Delivery Worldwide
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COVID-19 Scenario Analysis:
► The spread of COVID-19 has adversely affected the global supply chain which resulted in decline of economies. The industries were asked to shut down to stop the spread of the virus. Only industries delivering essential products like food and beverages were allowed to continue the operations. The decrease in the workforces allowed companies to adopt a smart food logistics market to ease the logistics process.
► The increased use of technology and digitalization to survive the pandemic and help prevent the disruption of business operations drives the market growth. Smart food logistics ensures stable temperatures during the transportation and storage of goods. Temperature detectors enable monitoring the goods' locations at checkpoints and tracking temperature data constantly during the delivery throughout the entire supply chain.
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Rapid change in food habits, increased demand for packaged food, and strict regulations regarding packing and storage have brought about a shift in the food logistics market. Practices focusing on storage and high-speed transportation are the main reasons driving the adoption of the technologies in the food logistics process. A cold chain monitoring solution is helping the food manufacturers effectively manage the storage, shipment, and distribution of products that require a temperature-controlled environment. Inadequate cooling environment caused by technical breakdowns, traffic interruptions, and other factors create temperature change and can affect foods spoilage and safety.
Key Benefits of the Report:
► This study presents an analytical depiction of the smart food logistics market along with the current trends and future estimations to determine the imminent investment pockets.
► The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the market share.
► The current market is quantitatively analyzed to highlight the smart food logistics market growth scenario.
► Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
► The report provides a detailed market analysis based on the present and future competitive intensity of the market.
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The North American region is expected to lead the market in the forecasted period. The region is adopting smart logistics because of the presence of major vendors and rising concerns to reduce wastage and improve resources. This region is an important asset tracking market owing to the presence of the manufacturing and transportation & logistics industries, with numerous technological advancements throughout the region. Moreover, government initiatives and regulations in various industries are likely to boost market growth.
Key Market Players:
► Orbcomm Inc.
► Kii Corporation
► Samsara Inc.
► Teletrac Navman Ltd.
► Controlant
► Sensitech Inc.
► Geotab Inc.
► Berlinger & Co. AG
► Monnit Corporation
► Hacobu Co. Ltd.
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