Vendors to offer cloud computing solutions specific to cold storage operations
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global IT spending in cold chain logistics market in their latest research report. This report also lists 9 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the software, hardware, and IT services spending on cold chain logistics services provided by pure-play and 3PLs temperature controlled firms.
This Technavio report, under the IT spending by region and industry vertical, is based on the synthesis, analysis, and interpretation of information about the global IT spending on cold chain logistics market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
Competition among vendors as service providers of software, hardware, and IT services in the cold chain logistics market is aggressive. Vendors compete with each other to provide IT solutions that offer value added features at competitive prices. Leading software firms such as SAP and Oracle are launching cloud-based supply chain and logistics solutions to strengthen their foothold in the competitive market. Start-up firms and mid-size IT firms are also entering the cloud computing market to offer customized and IoT-enabled cold chain solutions.
“Supply chain analytics solutions are being widely implemented in 3PL and 4PL logistics firms in the interests of promoting better decision-making processes. Analytic solutions essentially convert unstructured and semi-structured data retrieved from supply chain management sources, into structured and meaningful information. They are used to gather real-time information about shipments of perishable food products and, chemicals to develop pharmaceuticals. Leading retailers such as Walmart have already implemented supply chain analytics solutions to boost operational efficiency and enhance visibility and control in their SCM processes,” says Amit Sharma, a lead analyst at Technavio for research on IT spending by region and industry
Top five vendors in the IT spending in cold chain logistics market space
Accenture
Accenture is one of the leading companies that offers various solutions and services across the logistics industry. It achieves this by leveraging sophisticated tools for statistical surveying, process optimization, and root-cause analysis. Its solutions aid customers to improve efficiency, reduce costs, and achieve strategic market breakthroughs that are essential for them to gain so that they can sustain themselves in the market.
Key offerings: Sales and customer service, Operations planning and execution, Finance, Analytics and reporting, Revenue management and optimization, Freight documentation and execution, Dynamic route generation, Booking and cargo execution, and Accenture freight and logistics software.
AT&T
AT&T is one of the leading companies that offers various IoT solutions. These solutions help to connect and monitor assets from virtually anywhere and for almost any industry. The industries can include the automotive, aviation, healthcare, transportation and logistics, and energy. AT&T IoT solutions help customers reach the bottom line faster by creating new business models, improving operational efficiencies, and automating processes.
Key offerings: Global SIM, M2M control center, M2M application platform, M2M applications, M2M data services, AT&T cargo view with FlightSafe, and Smart Grid Solutions from AT&T.
Cisco
Cisco is one of the leading companies that offers various services and solutions across the logistics industry. The company provides simple and flexible communication platforms for business enterprises. It creates an effective and comprehensive collaboration experience. For instance, Cisco’s Intercloud Fabric enables customers with immediate and spontaneous communication between all nodes in a supply chain. It also provides real-time visibility into information and inventory movement. With this information, customers are able to make delivery of goods and customer service resolutions faster in real-time across the whole supply chain ecosystem.
Key offerings: The company offers utilization of new technology and streamlines management of their network.
SAP
SAP is one of the leading companies that offers various products, solutions, and services across the logistics industry. Its logistics services offer an industry leading software to maximize the efficiency and streamline the business processes. It helps customers to transform, integrate, improve, and deliver trusted information to the critical business processes. The company also improves the traffic flow, asset utilization, and safety through adoption of advanced technologies such as IoT and M2M across the logistics industry.
Key offerings: Agile marketing, Collaborative sales force automation, Warehouse management, Product safety and stewardship network, Logistics network, Yard logistics, Transportation management, Advanced customer settlement, Core human resources and payroll, Talent management, Time and attendance management, Human capital analytics, Financial planning and analysis, Accounting and financial close, Treasury and risk management, Financial operations, Enterprise risk and compliance management, Strategic sourcing and supplier management, Self-service procurement, and Travel Management.
Oracle
Oracle is one of the leading companies that facilitates best-in-class IT services and applications (Oracle and non-Oracle) to work together. It leverages industry open standards and best practices to increase business flexibility and reduce costs. The company offers various service and solutions to logistics providers to increase and retain their profitability, improve operational efficiency, introduce new services, and adhere to regulatory requirements across the world.
Key offerings: Siebel sales applications, Siebel contact center and service, Advanced supply chain planning, Oracle strategic network optimization, Demantra demand management, Oracle freight payment, billing, and claims key features, Oracle forwarding and brokerage operations option, Oracle logistics inventory visibility option, Oracle transportation management option, Oracle mobile supply chain applications, Oracle human capital management solutions, Oracle database, Oracle’s sun servers, and Oracle’s storage systems.
Other prominent vendors in this market include BT9, Gemalto, IBM, Infosys, ORBCOMM, Siemens, TCS, Tech Mahindra, and Vitria.
A more detailed analysis is available in the Technavio report, Global IT Spending in Cold Chain Logistics Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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