Telenor Connexion said its IoT Predictions Report for 2021 highlights the important role that the Internet of Things plays in strengthening enterprises' supply chains, especially given disruption caused by Covid-19. The report, drawn up Accenture's Northstream arm, presents a number of enterprises who are ahead in their adoption of IoT and who have gained a significant advantage over their competitors.
The company said the 2021 edition of its report follows a year marked by the widespread disruptions caused by Covid-19. Enterprises have faced unprecedented challenges that have sped up the need for digital modernisation in many sectors.
The Telenor Connexion report finds that flexibility in supply chains, arising from a higher degree of connectivity and automation, has enabled early adopters of IoT to better adapt production to changing demands, anticipate inventory shortages and manage employees more effectively.
The report indicates businesses' evolving needs as well as the challenges they are facing in their supply chains. Telenor Connexion said IoT will help to transform and improve global supply chains.
The report presents a number of enterprises who are ahead in their adoption of IoT and who have gained a significant advantage over their competitors. It said IoT contributes to smart logistics tracking, the next generation pharmaceutical supply chains and global fleet management solutions at Sony, M2Cloud and Mix Telematics.