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Supply chain disruption: Why IoT is failing to join the dots

Global supply chains are suffering unprecedented disruption in the wake of the COVID-19 pandemic, with the average large business reporting a loss of $182 million in annual revenue as a result. But many supply chain challenges predate the chaos of the last couple of years. Digital transformation across domestic and global supply chains is long overdue.

Improved visibility, increased flexibility and effective communication are crucial for efficient and resilient supply chain operations. Yet, until now, the focus has been on the generation of data — which is why the Internet of Things (IoT) has not lived up to its hype when it comes to solving supply chain problems. More than 10 billion IoT devices worldwide are constantly adding data to already overflowing data stores. But the problem is not a lack of data — which is why IoT is not the answer.

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