The Internet of Things in the food industry is providing the tools businesses need to meet their goals and ambitions, whether it be improving efficiency, reducing waste, lowering their carbon footprint, connecting with customers or creating new business opportunities.
For example, wireless mobile edge connected sensors and trackers that trace and monitor goods from production through to last-mile delivery allow manufacturers and brands to gain granular, near real-time data. This data can be used to implement improvements to systems and processes, such as optimizing production and distribution schedules. Therefore, businesses can make more informed decisions and have more control over their assets. This also helps enable companies to make more accurate delivery and demand forecasting, potentially improving cash flows and risk management.
Regulators now require detailed monitoring and record-keeping, and smart sensors leveraging IoT in the food supply chain are the best way to automatically generate much of this data. In this regard, smart sensors and digital systems are fast replacing manual logs.
Having more control over every step of a product's production and journey to the consumer enables brands to help ensure consistently higher quality goods, resulting in better customer retention and sales growth.
Furthermore, using the Internet of Things in the food supply chain can generate significant opportunities for data automation, leading to greater profitability and ROI.
Use of the IoT in the food processing industry is growing. A report by ReportLinker notes that the IoT and traceability for the food and beverage manufacturing market are expected to reach $8.43 billion by 2025, growing at a compound annual growth rate of 9.5%.
While most IoT devices today use the 4G LTE network to enable MEC, 5G can offer companies opportunities to scale and provide new valuable use cases not even thought of yet.
Overall, the goal of using IoT in the food processing industry, like in many other manufacturing processing chains, is reducing costs, improving production efficiency and guaranteeing consumer satisfaction.
Discover how the internet of things in the food industry can help improve quality control.