Crisis in Supply Chain Visibility

Learn how real-time tracking, temperature monitoring, and end-to-end visibility combat issues from pharmaceutical spoilage to cargo theft, revolutionizing global logistics.

BY: ELK Admin

Tackling Multi-Billion Dollar Problems

In today’s complex global supply chain, businesses face unprecedented challenges that cost billions annually. From pharmaceutical spoilage to cargo theft, and from last-mile blind spots to inefficient asset tracking, these issues demand innovative solutions. As a leader in dynamic enterprise resource optimization, Trackonomy has developed a suite of cutting-edge technologies to address these challenges comprehensively.

Billion-Dollar Problems Plaguing Supply Chains

Trackonomy has developed a suite of cutting-edge technologies to address billion dollar theft, visibility, and cold chain monitoring challenges in supply chain.

1. Pharmaceutical Spoilage: A $35 Billion Annual Loss

The pharmaceutical industry bleeds $35 billion each year due to spoilage. Temperature-sensitive medications require constant monitoring, yet traditional methods fall short. Trackonomy’s advanced sensors, including those in SmartTape, provide real-time temperature data, ensuring that life-saving drugs reach patients in optimal condition.

2. Cargo Theft: A $30 Billion Criminal Enterprise

With $30 billion worth of cargo stolen annually, businesses are under siege. Cities like Los Angeles, Houston, and Miami have become hotspots for theft, with an average loss of $214,000 per incident. Trackonomy’s suite of supply chain solutions, with SmartTape at the forefront, acts as a powerful deterrent and recovery tool against this growing threat.

3. Last-Mile Visibility: A $94 Billion Blind Spot

The final stretch of delivery, known as the “last mile,” is responsible for a staggering $94 billion in losses due to blind hand-offs. With 61% of retailers lacking visibility once orders are out for delivery, the need for comprehensive solutions is critical. Trackonomy bridges this gap with innovative technologies, including SmartTape, providing continuous tracking until the package reaches its final destination.

4. Inefficient Asset Tracking: A Multi-Billion Dollar Inefficiency

Only 24% of companies have visibility into 75-100% of their total shipments, while 80% cite the need for real-time tracking to prevent losses. This lack of visibility leads to inefficiencies that cost billions across industries. Trackonomy’s holistic approach to asset tracking, with SmartTape as an entry point, addresses this problem head-on.

SmartTape: A Gateway to Comprehensive Supply Chain Optimization 

SmartTape is the first cellular-enabled asset tracker in a tape form factor for cargo theft protection, parcel level tracking, cold chain monitoring, and last mile visibility.

Enter SmartTape: the first cellular-enabled asset tracker in a tape form factor, designed to combat cargo theft, enable parcel-level tracking, monitor cold chains, and provide last-mile visibility. While SmartTape is a game changer in its own right, it’s important to note that it’s just one part of Trackonomy’s broader suite of innovative technologies.

SmartTape isn’t just another tracking device; it’s a paradigm shift in supply chain management and an entry point to Trackonomy’s wider portfolio of proprietary solutions. Here’s how SmartTape, in conjunction with Trackonomy’s comprehensive approach, tackles each of the four major challenges:

1. Pharmaceutical Integrity

SmartTape’s advanced sensors continuously monitor temperature, humidity, and other critical factors, ensuring that pharmaceuticals remain within required parameters throughout their journey. This technology integrates seamlessly with Trackonomy’s broader cold chain management solutions.

2. Theft Prevention

With real-time GPS tracking and tamper-evident design, SmartTape acts as both a deterrent and a recovery tool for stolen cargo. Its discreet form factor makes it difficult for thieves to detect and remove. This capability is enhanced by Trackonomy’s advanced security protocols and predictive analytics.

3. Last-Mile Visibility 

SmartTape provides uninterrupted visibility from warehouse to doorstep, eliminating the “black hole” of last-mile delivery and reducing costly failed deliveries. It works in tandem with Trackonomy’s comprehensive logistics optimization systems to ensure end-to-end supply chain visibility.

4. Comprehensive Asset Tracking

Easy to apply and compatible with existing systems, SmartTape allows businesses to track assets of all sizes, from individual parcels to large containers, without the need for complex infrastructure. This versatility is a key component of Trackonomy’s larger asset management ecosystem.

As a leader in advanced enterprise resource optimization, Trackonomy has developed a range of proprietary solutions that work in concert to address the complex needs of modern supply chains. From logistics to healthcare, utilities to defense, our comprehensive approach enables businesses to not only track assets but to optimize their entire supply chain ecosystem. SmartTape serves as an entry point to this wider portfolio, demonstrating our commitment to solving billion-dollar problems with cutting-edge technology.

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SmartTape serves as an entry point to this wider portfolio, demonstrating our commitment to solving billion-dollar problems with cutting-edge technology.

– Camrin Roczey, Head of Sales

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The Time for Supply Chain Evolution is Now

With cargo theft incidents increasing by 430% year-over-year in Q3 2023 and projections showing a 35% rise in national cargo theft volumes by the end of 2024, the time to act is now. Businesses can no longer afford to rely on outdated tracking methods that leave them vulnerable to massive losses.

SmartTape, as part of Trackonomy’s suite of solutions, offers a future-proof approach that addresses current challenges while preparing businesses for the evolving landscape of global logistics. Its cellular connectivity, disposable nature, and absence of recurring fees make it an economically viable option for businesses of all sizes, while serving as a gateway to more comprehensive supply chain optimization.

In conclusion, SmartTape isn’t just a product; it’s a strategic asset that transforms supply chain visibility, and a gateway to Trackonomy’s full range of advanced supply chain optimization solutions. By tackling pharmaceutical spoilage, cargo theft, last-mile blind spots, and inefficient asset tracking, Trackonomy offers a comprehensive solution to billion-dollar problems. In an era where every shipment counts, can your business afford not to have the cutting-edge visibility and optimization that Trackonomy provides?

Learn how SmartTape can help reduce theft, prevent pharmaceutical spoilage, improve last-mile visibility, and enhance asset tracking efficiency in your supply chain.

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