Businesses are investing in supply chain more and more, especially in track-and-trace technology. Supply Chain Drive reported, “Among industries spending on Internet of Things (IoT) technology, the track-and-trace sector is expected to have the largest spending growth — a 24.2% increase — on IoT devices between 2017 and 2023.”
The level of efficiency that IoT devices like this can bring will have a significant impact on the industry. The high level of expected spending is a clue that your company should be considering this technology if you aren’t already.
