Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups working on solutions for the logistics sector. As there is a large number of startups working on a wide variety of solutions, we want to share our insights with you. This time, we are taking a look at 5 promising Internet of Things (IoT) startups impacting logistics and supply chains.
Heat Map: 5 Top Internet of Things Startups impacting Logistics & Supply Chains
For our 5 top picks, we used a data-driven startup scouting approach to identify the most relevant solutions globally. The Global Startup Heat Map below highlights 5 interesting examples out of 258 relevant solutions. Depending on your specific needs, your top picks might look entirely different.
Kizy Tracking – Real-Time Tracking & Visibility
Real-time tracking and visibility of location, speed of movement, and the traffic flow of shipments are crucial for businesses. It helps the companies to efficiently plan supply chain operations such as order fulfillment, receiving, and processing of goods. IoT-based solutions enable companies to closely monitor the movement and condition of goods in the supply chain.
Swiss startup Kizy Tracking offers a B2B global tracking system and hardware devices for real-time tracking & visibility of the supply chain. The devices use Wi-Fi and GSM network triangulation to communicate and track the location of the shipments. Kizy’s platform also offers route optimization tools, provides in-transit alerts, and estimates arrival time.
Etheclo – Cold Chain Monitoring
Maintaining optimal temperature during shipping is crucial for industries such as food and pharma. Proper refrigeration of temperature-sensitive goods during storage and transport reduces wastage due to spoilage. The deployment of efficient temperature tracking of perishables helps companies to meet global regulations and minimize wastage.
Etheclo, a Belgium-based startup, manufactures an isothermal box to store temperature-sensitive products for up to 36 hours. The Etheclobox is equipped with sensors that measure and store the temperature of goods at regular intervals. These sensors relay the stored information to Etheclomonitor, Etheclo’s cloud platform, for temperature monitoring. The platform enables cold chain monitoring of the shipments and sends alerts when a shipment exceeds the threshold-temperature.
Beam Tracking – Inventory Management
Inventory management is one of the most crucial parts of the supply chain and helps address fluctuations in demand and supply. Automated inventory control systems enhance efficiency and increase productivity in logistics. IoT solutions use radio frequency identification (RFID), sensors, cameras, and global positioning systems (GPS) to track and trace inventory in the supply chain.
Dutch startup Beam Tracking develops both hardware and software solutions for inventory management. The startup’s web-based software application automates the control of supply chain operations to improve stock management. Additionally, the startup uses the RFID technology to digitally track and trace the inventory and monitor its status, position in the warehouse, and connect the business operations with the Internet of Things.
Samsara – Predictive Maintenance
Real-time vehicle diagnostics allows fleet managers to plan periodic service and optimize fleet performance. Fleet managers need solutions that provide timely maintenance recommendations. IoT sensors leverage system data to detect breakdowns before they occur and protect vehicle health.
The US-based startup Samsara provides cloud-based software and hardware solutions to help companies manage their fleets. The startup’s cloud platform offers insights from data captured via the sensors and helps diagnose the vehicle performance for predictive maintenance. This enables fleet managers to minimize vehicle breakdown events and reduces downtime costs. Moreover, this also helps to improve a vehicle’s performance and extend its lifetime.
Eyedentify – Driver Monitoring
Data captured from the IoT devices help companies to monitor the performance and health of their drivers. A driver monitoring and alert system (DMAS) provides companies with a complete insight of assets and ensures driver safety on the road. Further, it minimizes accidents and ensures that supplies reach their destination on time.
Indian startup Eyedentify offers a DMAS to prevent accidents. The company leverages IoT and analytics to monitor driver behavior and vehicle location in real-time. Eyedentify’s DMAS uses dashboard cameras to detect conditions such as drowsiness, fatigue, and distracted driving. The system then alerts the driver with audio warnings to stay attentive and also notifies the fleet manager in such instances as well as provides insights to monitor driver performance and behavior.
What About The Other 253 Solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence for your Proof of Concept (PoC), partnership, or investment targets. The 5 Internet of Things startups showcased above are promising examples out of 258 we analyzed for this article. To identify the most relevant solutions based on your specific criteria and collaboration strategy, get in touch.