Supply chains within the UK food industry have taken an enormous strike over the last 18 months. With the impact of both Brexit and COVID, a regular occurrence to not see our favourite brands regularly on the shelves of the local supermarket has become the norm.
Because of this, could implementing supply chain technology be the answer? Closing the gaps through IOT supply chain technology, could well enable businesses to be more resilient. Improving logistics between farmers, hauliers and supermarkets to monitor perishable foods and improve delivery time frames could visibly improve motions within the supply chain.
Predominantly within the food industry, there are certainly options which could be of great use. Using sensors to detect and report when stocks are low or locating and tracking goods through real-time data allows business owners and store managers to make quick decisions both in the warehouses and out on the shop floor. Discounting food products which need to be moved quickly and designating where to make way for new stock arriving, helps stock to move more freely.
Other helpful aspects for using IOT include controlling, lighting, temperature, and humidity. This is applied right through the supply chain from farming, through to the transportation of food, to warehouse stock and displaying in store.
Finally, sales data reports back to central systems to demonstrate where stock has been most successful in its sales and which brands have been popular or unpopular. Collectively the digital insights capture data which can be used to make improvements and decisions going forward to improve the supply chain for future processes.
Using IOT Supply chain technology to boost performance
Our commercial insurance policies help digital UK companies improve digital security and efficiency within their companies. To find out how we could help your business with digital technology insurance, IOT insurance, cyber security insurance and other aspects of commercial insurance protection please contact our team or access further information via our insurance website.
Blogs used to write this article: