Unveiling Key Insights from HERE Technologies Study
The study conducted by HERE Technologies reveals that Asia-Pacific logistics companies are facing challenges in achieving end-to-end supply chain visibility. While some Japanese logistics companies have successfully transitioned to real-time asset tracking with no manual inputs, a significant number of companies in the region still rely on manual processes. However, there is a growing awareness of the importance of real-time visibility in the post-pandemic era, creating opportunities for solution providers like HERE Technologies to offer their services and drive growth in this space for the next decade.
In terms of financial priorities, APAC logistics companies are focused on increasing revenue and gaining a competitive edge in the market when investing in logistics asset tracking solutions. Many of these companies are already utilizing Internet of Things (IoT) technology to enhance their operations. However, there is still room for improvement, as approximately half of the organizations surveyed continue to rely on some form of manual tracking method.
To address the challenges and enhance visibility, logistics providers in the region may consider engaging professional services to expedite the implementation of real-time tracking solutions. This could involve in-house software development, off-the-shelf turnkey software, or collaboration with system integrators or location consulting boutiques to develop customized solutions.
The article also mentions various financial and market updates, such as stock market indices and currency exchange rates, which are unrelated to the supply chain visibility study.