International. The global market for intelligent fleet management systems is estimated to reach US$200 billion by 2026, with a compound annual growth rate (CAGR) of 18.5%.
According to the Thermo King Company, the importance of the cold chain is magnified in industries such as pharmaceuticals, food, and temperature-sensitive chemicals. For this reason, he believes that the implementation of intelligent fleet management systems is not only a response to current challenges, but also a strategy to face future ones, anticipating possible problems and allowing preventive adjustments.
"We are the only company to offer temperature-controlled, end-to-end connected storage and transportation solutions throughout the cold chain. Through our systems, we manage 4G LTE assets and temperature, offering not only security, real-time visibility into the location and status of assets, but also increasing fleet efficiency by detecting potential problems, determining maintenance actions, offering remote communication with the refrigeration unit controller, and providing the information that customers and regulatory agencies demand." said Carlos Cruz, Thermo King's strategic account manager for LATAM.
Smarter Fleet Operations
Vehicles equipped with advanced technology can transmit real-time data on internal temperature, allowing operators to make informed and quick decisions to keep the cold chain intact. In addition, intelligent fleet management systems provide information on location, vehicle status, two-way commands, and other relevant parameters.
Thermo King also notes that cold chain logistics solutions have evolved with the introduction of intelligent fleet management systems, which provide security by tracking the location of vehicles, and offer continuous temperature monitoring, providing deep, real-time insight into loading conditions. maintaining the integrity of the product throughout the transit time.
"The advantages of data-driven fleet operation go beyond real-time temperature monitoring; they also provide asset security and, ultimately, peace of mind," says the Thermo King executive for LATAM.
With this type of technology, organizations can also collect data from transport refrigeration units and use predictive technology powered by machine learning to deliver actionable insights that help fleets improve uptime and efficiency.
More security
While telematics has initially been used to gather essential information for efficient fleet management and data-driven operations, this same actionable intelligence can be leveraged quickly and effectively to address other contexts, such as crime-fighting. The information collected to improve logistics operations can now be valuable in other areas, such as the prevention or resolution of criminal activities.
For example, one company had two new trailers with Thermo King Precedent refrigeration units that were stolen. With the help of Thermo King of British Columbia, it was possible to activate TracKing remotely to establish a GPS location and retrieve both trailers.
