Page 32 - ITLN January - February 2024 Issue for the Website

Event Report
AutoSCM
Summit 2023

SAP for data recording purposes. “The
logistics companies were utilising
their ERPs in a force-fitted way where
their SAPs or ERPs were tweaked in
order to make the use cases work
predominantly for recording data. This
is when we started our journey into
digital transformation and that was
our goal as we wanted to build that
system,” Sharma said.
Citing a 202 report by Gartner,
Sharma highlighted the accelerated
pace of digital adoption triggered by
the Covid-19 outbreak. The reactive
change led to an exponential surge in
digitization, with businesses rapidly
integrating systems and visibility tools.
However, Sharma pointed out that many
visibility solutions, despite providing
awareness of delays, lacked resilience.
This technological evolution not only past 7-8 years, he remarked on the In a survey conducted by GoComet,
streamlines operations but also results transition from treating IoT as a it was revealed that “8 out of 10
in tangible cost reductions. Automated luxury in 2015 to its current status as visibility solutions were conventional
processes, optimized routing, a necessity in every vehicle. Mehra track and trace tools that merely
and data-driven decision-making stressed that OEMs now acknowledge informed businesses about delays
contribute to a more efficient and IoT's dual role in enhancing customer without offering proactive solutions
cost-effective supply chain, ultimately experience and elevating product citing that over 57.3% of the 1.5 million
benefiting both logistics companies quality and service levels. containers tracked in 2023 did not
and their partners. Discussing IoT's critical role arrive on time.”
in insurance telematics, Mehra Sharma discussed the evolving
How do vehicle manufacturers underlined its necessity for models expectations from digital systems,
employ IoT to enhance mobility with usage-based insurance, noting a demand for a Track and
experience? emphasising the dependence on real- Trace system capable of anticipating
Rahul Mehra, co-founder of Roadcast, time data analysis. Illustrating with a risks in pre-approved shipments. This
shared insights into the profound real-life example of battery explosions proactive approach aims to better
impact of IoT on the mobility in two-wheelers, Mehra showcased prepare businesses for potential
experience during his presentation IoT's potential to proactively identify challenges in the logistics process,
at the Auto SCM Summit 2023. issues, mitigate potential hazards and moving beyond mere awareness to
Introducing their IoT technology as a ensure user safety. actionable insights.
"network of sensors," Mehra detailed In essence, GoComet's focus on
its function in absorbing data from Decoding automotive resilience digital transformation underscores the
the surroundings and broadcasting it with data need for specialized solutions in the
onto a network. Lakshya Sharma, Head of Growth logistics industry. The recognition of
Highlighting the significance of at GoComet, shared insights into limitations in traditional track and trace
IoT, Mehra characterized electric the journey of digital transformation systems emphasizes the importance
vehicles as "IoT devices on wheels," in logistics. Reflecting on the past of proactive tools that anticipate risks
given that approximately 90% of their decade, Sharma noted the absence and empower businesses to navigate
components are electronic. Reflecting of specialised tools for logistics, with the complexities of the supply chain
on the industry's evolution over the companies often adapting ERPs like more effectively.

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