Smart Food Logistics Market Growth Analysis and Forecast by 2031

Smart food logistics provider helps FMCG industries to maintain the quality of foods, such as fruits and vegetables, so that it does not spoil. Smart food logistics companies use wireless temperature sensors that help preserve frozen foods and provide multi-zone monitoring in refrigerated trucks and trailers.

Smart food logistics providers utilize cloud-based collaborative solutions that spread through the entire supply chain. These solutions offer tight integration of transport, warehouse and end consumer information, and transparency through the supply chain.

Increase in digitalization day by day, IoT technology has a vital role to play in addressing cold chain encounters by providing real-time visibility into consignment status, including temperature, location, and other conditions
Adoption of smart food logistics is expected to increase, as it provides real-time knowledge about fleet/asset location and information about temperature conditions

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Smart food logistics providers employ cold chain monitoring solutions that help food manufacturers to efficiently manage shipment, storage, and distribution of their products that require a temperature controlled environment. Partial cooling chains caused by traffic delay, mechanical breakdowns, and other factors create variation in temperatures, which can affect and spoil unpreserved food and hamper its safety.

Cold chain monitoring solutions provide a stable temperature for the storage of goods and transport. Advance technology such as BLE (Bluetooth low energy) beacons with temperature sensors enable tracking the location of goods at significant checkpoints and tracking temperature data during shipments or throughout the supply chain.

Smart food logistic companies provide traceability solutions to secure or digitize the supply chain. It shows real-time data, enabling to trace and track all phases of the product journey from raw materials to consumer.

Increasing cases of COVID-19 across the globe are resulting in an economic slowdown. Developed countries are strongly affected by the pandemic. COVID-19 has had a negative impact on the smart food logistics market. Some companies have withheld all investments in advanced business solutions and tools due to the low return on investment.

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North America is the global leader in smart food logistics market due to the presence of several vendors and growing concern about optimization of resource and elimination of wastage. North America holds a major share due to the strong presence of logistics industries, manufacturing and transport, with various technological advancements in the region. Moreover, government regulations and initiatives in several end-user industries are anticipated to further boost the North America market.

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