$16.9 Billion Smart Food Logistics Markets – Global Growth, Trends, COVID-19 Impact, and Forecasts to 2026

Food industry
DUBLIN, June 29, 2021 /PRNewswire/ — The “Smart Food Logistics Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering. The global smart food logistics market (henceforth, referred to as the market studied) was valued at USD 8.12 billion in 2020 […] Convergence of logistics and technology, along with cloud-based collaborative solutions that extend through the entire supply chain, has enabled a tight integration of warehouse, transport, and end consumer information, and transparency through the supply chain, this in turn, has been identified as a key driver towards the growth of the market studied. The COVID-19 pandemic severely disrupted almost all the end-user industries globally, affecting the supply chain management of businesses due to remote working conditions or complete lockdown, resulting in the halt of operations.? The disruption proliferated the use of technology and digitalization to its maximum to survive the pandemic and help prevent the disruption of their operations. As the digital economy continues to grow, the IoT technology has transitioned from futuristic idea to tactical tool for logistics companies to implement in their supply chain. Sensors and IoT tools are transforming traditional asset tracking to intelligent supply chains that are capable of earning logistics companies a higher ROI. For the food industry, these IoT-enabled sensors are offering real-time knowledge of asset/fleet location, fleet motion speed, temperature conditions and other crucial data sets.
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