According to the report analysis, ‘North America 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 North America smart food logistics market is predicted to grow in the forecast duration owing to increasing population, the augmenting requirement for the efficient food chain management, augmenting the laws of food and regulations, convergence of logistics and technology and the prevalence of e-retail in the 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 North America Corporation), Tech Mahindra Limited, Teletrac Navman, Verizon Connect, Yusen Logistics Co., Ltd. and many more are the foremost companies which recently working in the North America Smart food logistics market more actively for ruling around the globe, leading the highest market growth, obtaining the competitive edge, registering the great value of market share, and generating the highest percentage of revenue by establishing the several research and development programs, spreading the awareness connected to the applications and advantages of smart food logistics, increasing the features and benefits of smart food logistics, analysing the strategies and policies of government as well as contenders, implementing the policies of profit making and strategies of expansion, improving the qualitative and quantitative measures of such decreasing the associated prices of such.
North America is one of the prominent asset tracking markets due to the strong existence of the manufacturing and transportation, and logistics industries, with countless technological developments in the region. Also, government initiatives and regulations in countless end-user industries are expected to augment the region’s market growth.
Quickly changing food habits, heightened requirement for the packaged food, and stringent regulations regarding packing and storage have concluded in a power shift from creators to retailers. Processes focusing on zero contamination, accurate storage, and high-speed storage and retrieval procedures are the key reasons influencing automation and the adoption of the technologies in the food and beverage logistics progression.
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However, the effective growth in cases of COVID-19 across the globe are resulting in an economic slowdown. Developed countries are powerfully affected by the pandemic. COVID-19 has had a negative impression on the smart food logistics market. Some companies have withheld all investments in improved business solutions and tools owing to the low return on investment.
North America is the international leader in smart food logistics market owing to the presence of countless vendors and augmenting the concern about optimization of resource and elimination of wastage. North America controls a major share owing to the robust existence of logistics industries, manufacturing and transport, with several technological innovations in the region. Furthermore, government regulations and initiatives in countless end-user industries are projected to further boost the North America market. Therefore, it is predicted that during the near period the market of smart food logistics will augment more proficiently over the review period.
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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
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Ankur Gupta, Head Marketing & Communications