TECHNOLOGY
Internet of Things ( IoT ) Experts predict that by 2022 , one trillion sensors will be connected to the internet . The amount of data these sensors will be able to share is astronomical and everything from lorries and warehouses , to toasters and kettles will be talking to one another .
The Internet of Things has huge implications for supply chain management as it could improve
issues in their earliest stages ,
1
efficiency , reduce waste , resolve
and help to reach targets .
The Internet of Everything and the data generated from the supply chain leads to accelerated decision making . This video from Cisco Live US 2014 examines a simple winemaking operation with IoE elements integrated throughout the supply chain that enable the rapid integration of new suppliers . 22 March 2017