We always thought so, starting with the use of the simplest IOT, RFID tagging. Though it may ultimately require new kinds of ledgers, contracts and modeling that allow advanced modeling of what is happening in the SC and predict the risk of what may happen. Some interesting stats of use here.
Will IoT reinvent the supply chain? in Retailwire by Tom Ryan With further expert comment
While IoT is promising to reinvent the in-store experience with smart shelves, robots and other connected devices, the big early payoff appears to be back in the supply chain.
According to PWC’s “2019 Internet of Things Survey,” supply chain and asset management are retailers’ top priorities for active IoT projects. Almost half (49 percent) of retail respondents indicated they are already benefiting from using IoT solutions to improve their supply chain. Thirty-eight percent expect to see value within two years.
PWC writes, “IoT solutions can monitor and report the exact location, environment, and handling of shipments from a factory or fulfillment center to a retail store or customer destination. This capability offers retailers real-time insights into the handling of an order while it’s en route, while also spotlighting any delays.” .... "
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