Focus Outlook

5G Technology Can Transform Retail Supply Chain and Logistics

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Everyone is talking about 5G technology. Like several other fields, 5G is expected to impact the retail sector as well. Two key areas where 5G is going to find immediate traction include supply chain applications and logistics.

Total accessibility to 5G is yet to happen. It may take a few years from now. Industry observers say it may not be until 2025 that 5G will be accessible to all. Yet, there are discussions on how to leverage 5G for the retail sector.

A much-discussed or popular approach is combining 5G with IoT to manage logistics effectively. But first, let’s try to understand the scenario of a retail distribution center. The distribution center is an important technology platform. The commodities come in trucks and are sorted in a warehouse before distribution.

In the present situation, the signals can be very inconsistent, especially in remote locations. Not all distribution centers are part of a metropolitan city. The problem is sorted with a 5G network. 5G combined with IoT is synonymous with merchandise’s continuous and real-time location. The overall distribution gets much more accessible.

IoT and 5G can tag and track products and their location, temperature, viability, and other critical aspects. In short, your supply chain is accessible. Unfortunately, the last few years have been quite challenging from a supply chain perspective.

By empowering IoT, 5G enables you to track products and obtain real-time insight into your stock. The immediate results are faster responses, restocking options, and, consequently, satisfied customers.

 

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