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Cold Chain Monitoring: The Role of IoT and Real-Time Solutions

Cold Chain Monitoring: The Role of IoT and Real-Time Solutions
Corey Ogden
Senior Search Consultant
December 13, 2024
Insights
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Cold chain logistics is the backbone of industries where precise temperature control is non-negotiable; think healthcare, food manufacturing, and labs. More than keeping products at a low temperature, it’s about ensuring vaccines stay effective, perishable goods remain safe, and quality standards are met at every step. 

According to MarketsandMarkets, the global cold chain monitoring market is expected to grow from $4.6 billion in 2020 to $8.2 billion by 2025, underscoring its critical role in global supply chains​. This growth is driven by the adoption of Internet of Things (IoT) solutions, which offer real-time temperature monitoring, compliance assurance, and operational efficiency.

Technology in Cold Chain Logistics

Cold chain logistics is moving away from outdated practices like standalone temperature trackers to smarter, tech-driven solutions. AI and real-time data insights are now at the forefront, helping businesses monitor shipments more precisely, respond faster to potential issues, and improve overall efficiency. 

One of the companies leading the way with innovative approaches in real-time tracking and supply chain visibility is Tive, which is partnering with Hellmann Worldwide Logistics and Potomac Metals to tackle industry challenges like theft and operational transparency. While Tive has a strong presence in transport and food & beverage logistics, it has yet to make major strides in more specialised areas like pharmaceutical cold chains. 

Related Insights: https://www.spencer-riley.com/about-us/insights/cold-chain-industry-major-changes-for-logistics-sector

IoT Monitoring: Why It Matters

IoT solutions are revolutionising cold chain monitoring by providing real-time visibility into temperature-sensitive shipments. For example, temperature monitoring systems powered by IoT can alert operators to potential deviations, allowing for immediate intervention. In healthcare, this is essential for products like vaccines, which must adhere to strict temperature ranges to remain effective.

Regulatory compliance is another key driver. Updates to Good Distribution Practices (GDPs) and other industry regulations increasingly demand comprehensive documentation of temperature data during transit and storage. IoT systems simplify compliance and minimise human error, making them a crucial investment for companies looking to stay competitive​.

The Shift from Hardware to Software

Cold chain logistics has moved far beyond USB data loggers and standalone systems. These once-reliable tools lack the real-time capabilities modern supply chains demand. Today, the focus is on end-to-end solutions combining AI and analytics, enabling companies to track and interpret data, anticipate issues, and respond before problems arise.

ELPRO is moving forward with cloud-based platforms integrating temperature data from equipment, transit, and storage environments, providing businesses with a seamless monitoring experience. Meanwhile, Sensitech, once a market leader, has adapted by acquiring Berlinger to strengthen its real-time solutions. These innovations are setting a new standard, making supply chains not only more efficient but also better equipped to meet the industry's increasing compliance and sustainability demands.

Sustainability: A Growing Priority

Sustainability has become a pressing issue in cold chain logistics. Consumers and regulators alike are demanding environmentally responsible practices. Reverse logistics, which focuses on retrieving and reusing IoT devices and hardware, is gaining traction as companies seek to reduce waste and cut costs.

Companies like Controlant lead the charge with end-to-end monitoring platforms that provide unmatched visibility and compliance for temperature-sensitive goods. They’re exploring making their monitoring devices reusable, reflecting the growing demand for circular economy principles. 

These practices reduce environmental impact and align with corporate sustainability goals, enhancing brand reputation in the process. However, the company’s rapid growth during the pandemic highlighted challenges, including recent workforce reductions as it adapts to shifting market demands.

Opportunities in the road ahead

The rise of software-driven solutions is transforming cold chain logistics, creating demand for skilled professionals with expertise in IoT deployment, data analysis, and supply chain optimisation. As technology and sustainability reshape the industry, roles that bridge these areas are becoming increasingly critical.

This evolution presents a prime opportunity for professionals to specialise in a fast-growing sector and for businesses to build teams capable of driving innovation. Companies that embrace these advancements will meet compliance demands and position themselves for long-term success. 

If you’re ready to strengthen your team with talent tailored to this dynamic field, let’s connect. I’m here to help you navigate the road ahead.

Growing your team?


Are you seeking support with scaling your team? Or keen to discuss the topics covered in this article in more detail? Get in touch with Corey on LinkedIn or here.

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