According to the report analysis, ‘Europe Smart Food Logistics Market 2020-2030 by Component (Hardware, Software, Services), Technology (Fleet Management, Asset Tracking, Cold Chain Monitoring), Food Type, Transportation Mode, Application, and Country: Trend Forecast and Growth Opportunity’ states that Europe Smart Food Logistics market is predicted to augment during the review period due to increasing food laws and regulations, the effective increment in demand for efficient food chain management, convergence of logistics and technology and the growth in prevalence of e-retail in food industry.
Berlinger & Co. AG, Controlant, Geotab Inc., Hacobu Co., Ltd. (MOVO), Kii Corporation, Kouei system Ltd., LYNA LOGICS, Inc., Monnit Corporation, Nippon Express Co., Ltd., Orbcomm, Samsara Networks, Inc., Seaos, Semtech Corporation, Sensitech (Carrier Europe Corporation), Tech Mahindra Limited, Teletrac Navman, Verizon Connect, Yusen Logistics Co., Ltd. and many more are the key companies which presently working in the Europe Smart Food Logistics market more actively for keep maintaining the governing position, registering the great value of market share, obtaining the competitive edge, and generating the highest percentage of revenue by analysing the strategies and policies of government as well as contenders, increasing the features and benefits of smart food logistics, spreading the awareness connected to the applications and advantages of smart food logistics, implementing the policies of profit making and strategies of expansion, improving the qualitative and quantitative measures of such, decreasing the associated prices of such and establishing the several research and development programs.
The growth in the utilization of advanced data analytics, improved automation and robotics for hardware, software and mobile computing for enterprise resource planning are the aspects driving the growth of the smart food logistics market. In addition, improved transportation medium fitted with smart sensors to improve the supply chain is influencing the growth of the market. However, the problems connected to the absence of real-time transparency of resources positions leading to disturbance in operational processes is the aspect limiting the growth of the market. Furthermore, the convergence of logistics and technology, along with cloud-based solutions is the aspect delivering the lucrative opportunities to the growth of the smart food logistics market throughout the forecast period.
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However, the speedy growth in cases of COVID-19 across the globe are resulting in an economic slowdown. Developed nations are strongly affected by pandemic. COVID-19 has had a negative impact on the smart food logistics market. Some entities have withheld all investments in improved business solutions and tools because of the low return on investment.
The European region is projected to lead the market in the forecasted duration. The region is implementing the smart logistics because of the existence of foremost vendors and rising concerns to decrease the wastage and enhance resources. This region is an imperative asset tracking market owing to the existence of the manufacturing and transportation & logistics industries, with several technological innovations throughout the region. Moreover, government initiatives and regulations in countless industries are probable to boost market growth. Therefore, it is predicted that during the coming period, the market of smart food logistics will augment more proficiently over the review duration.
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Asia Pacific Smart Food Logistics Market 2020-2030 by Component (Hardware, Software, Services), Technology (Fleet Management, Asset Tracking, Cold Chain Monitoring), Food Type, Transportation Mode, Application, and Country: Trend Forecast and Growth Opportunity
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