New Telenor Connexion report reveals IoT will make supply chains more cost efficient, flexible and resilient

Released today, January 21, the latest edition of Telenor Connexion’s IoT Predictions Report highlights the important role IoT plays in strengthening enterprises’ supply chains.

The 2021 edition of Telenor Connexion’s annual prediction report comes after a tough year for business and society brought about by the covid-19 pandemic, which caused disruptions that were unexpected and far reaching. Enterprises have faced unprecedented challenges that have accelerated the need for digital transformation across many industries.

In the report, Telenor Connexion forecasts the evolving needs and challenges that enterprises are facing in their supply chains and highlights how IoT solutions will help transform and improve global supply chains. It also presents a number of enterprises who are ahead in their adoption of IoT and who have gained a significant advantage over their competitors.

Highlights 
IoT Predictions Report 2021 gives an overview of the evolving needs and challenges that enterprises are facing in their supply chains and how IoT solutions will help transform and improve global supply chains in the coming years. It addresses many important questions and topics, including:

• Why global supply chains are under pressure to transform
• How IoT solutions will strengthen enterprises’ supply chains
• Presents examples where IoT contributes to smart logistics tracking, the next generation pharmaceutical supply chains and global fleet management solutions by Sony, M2Cloud and Mix Telematics

Findings
Available to download for free, the report finds that flexibility in supply chains, arising from a higher degree of connectivity and automation, has enabled early adopters of IoT to better adapt production to changing demands, anticipate inventory shortages and manage employees more effectively, it suggests that IoT can significantly improve efficiency whilst enabling enterprises to conduct business more sustainably.

Bengt Nordström, Managing Director at Northstream, part of Accenture, says: “The IoT Predictions Report are extremely valuable for tracking current trends and forecasting the future. An earlier report predicted that connectivity in an increasingly competitive eCommerce market, will create a link to the logistics industry allowing innovative online retailers to differentiate and stay ahead of the game. We’ve seen that trend come to fruition and become increasingly relevant today. This new report reveals the key role IoT will have on future-proofing enterprises supply chains. This is essential reading for every C-level executive.”

Mats Lundquist, CEO at Telenor Connexion, says: “The spread of covid-19 has forced people, business and societies all over the world to change. For enterprises, this has caused massive disruption to manufacturing and supply chains.”

“Looking to the future and the path ahead, we believe 5G and IoT go hand in hand and the role of IoT in this crisis underlines the true value of connectivity and the crucial role it can play in safeguarding enterprises and their supply chains.”

Reports
The IoT Predictions Report 2021 was conducted by Northstream, part of Accenture, on behalf of Telenor Connexion. Download the 2021 Predictions Report here. This is the third edition of the report, the first version in 2019 identified five major IoT and digital transformation trends to drive the connected economy and the 2020 report focused on the role that IoT solutions has in the fight against climate change.