Cool chain firms can boost margins and reduce waste using the Internet of Things

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Companies will spend $434.9bn on Internet of Things (IoT) technology by 2023, more than double last year’s IoT expenditure of $186.1bn, according to Forrester Research.

And the thinking on IOT solutions is bullish, especially in the logistics arena, claim its analysts.

They expect IoT investment to advance on all fronts – from platform and application software, service provider connectivity and IoT-specific security software to hardware and professional services.

Spend on software platforms will be in the vanguard. It is expected to surge 34.2% annually to reach ...