Swiss companies Tesenso and StockScan provide raw materials supply chain management solutions. In this article, they outline the service they provide, how it can help ESG compliance in the metals trade, and why this matters.
Introduction
The Tesenso + StockScan Partnership, with a focus on the logistics side in the context of the Internet of Things (IoT), offers customized solutions for ESG compliance and environmental friendliness in the supply chain.
Their expertise in electronics and IoT hardware manufacturing as well as their IoT connectivity solutions ideally complement StockScan’s supply chain expertise and innovative solutions for monitoring inventory and freight.The Partnership creates a holistic IoT solution that not only enables an efficient supply chain, but also reduces the environmental footprint, in line with the concept of sustainable supply chain.
Technology
The sustainable supply chain solution integrates advanced technologies to increase efficiency and transparency along the entire supply chain. Here’s a look at how this innovative solution works:
- IoT and blockchain tags for bags:
From the outset, each bag is equipped with an IoT device secured by blockchain tags. This enables unique identification and traceability already on the farm.
- Minimal infrastructure for location tracking:
The IoT devices enable precise location tracking at various points along the supply chain. With minimal infrastructure, the bags can be easily located and identified.
- Environmental sensors for advanced monitoring:
Environmental sensors can be added to the IoT tags to ensure products are handled in optimal conditions.
- Low-energy asset management solution:
Smart warehouse management is enabled by 2.4 GHz LoRa tags per shipped container, LoRa beacons per storage zone and LoRa gateways per warehouse. This ensures efficient monitoring of stock levels.
- Blockchain integration for data integrity:
The blockchain interface ensures data integrity and transparency. Every step in the supply chain is documented in the blockchain and can be reliably verified.
- Connectivity and platform monitoring:
The gateways are connected to the platform via 2.4 GHz LoRa. This platform not only enables the monitoring of assets, but also provides comprehensive insights into the status of the entire supply chain.
The combination of IoT devices, environmental sensors, blockchain and LoRa technology creates a pioneering solution for a sustainable supply chain that not only increases efficiency but also makes a positive contribution to the environment.
Challenges
The logistics industry is facing significant challenges in environmental, social and governance (ESG) compliance. Efficient global communication, sustainable battery life, adaptability in a dynamic environment and integration of effective localisation technologies are key issues. Additional costs in a low-margin environment must be carefully weighed up and logistical solutions must be designed sustainably. The current lack of reverse logistics requires efficient return systems, while the involvement of various stakeholders requires co-ordinated co-operation in governance. Overcoming these challenges will not only increase the efficiency of logistics, but also lead the entire industry into a more sustainable and responsible future. Smart tags help find innovative ways to efficient and sustainable logistics.
Sustainability
Smart tags play a pivotal role in carbon tracking. They enable companies to measure and monitor their shipments’ carbon footprint. Armed with this data, organisations can implement strategies to reduce emissions, adopt eco-friendly transportation modes, and make informed decisions that align with their sustainability goals. This not only meets growing demand for environmentally responsible practices but also positions companies as leaders in corporate social responsibility.
Transparency/Financial benefits
Transparency through Smart Tags is vital across the supply chain, providing stakeholders with precise, current information on goods movement. This fosters trust and ensures accountability for ethical and legal standards.
Additionally, tracking goods allows early notification of deviations from planned routes or storage locations. This enhances the chances of recovering goods and lowering insurance premiums. The proactive approach decreases risk and associated costs.
In insurance, improved transparency and control over cargo through tracking enable banks to finance at lower interest rates, offering economic benefits. In summary, Smart Tags enhance reputation, customer loyalty, and provide tangible economic advantages through reduced insurance costs and favorable financing terms.
Efficiency
The efficiency gains are undeniable. With real- time tracking, logistics professionals can streamline operations, identify bottlenecks, and proactively address issues in the supply chain. This leads to quicker turnaround, reduced lead times, and overall improved operational efficiency. The data generated by smart tags can also be leveraged for predictive analytics, enabling companies to anticipate challenges and optimize their supply chain processes further.
Benefits
Intelligent tags, developed to track freight elements through the supply chain, offer numerous advantages and are revolutionising the logistics industry. One of the most outstanding benefits is in sustainability. By providing real-time visibility of the location and condition of freight, these smart tags enable companies to optimise routes, reduce unnecessary mileage and minimise fuel consumption. This not only reduces operational costs, but also contributes to a more environmentally friendly supply chain.
The transparency gained also gives companies the opportunity to negotiate improved conditions with insurance companies and banks. This highlighs how smart tags not only increase efficiency, but also promote financial benefits and sustainable logistics.
Resume
In summary, smart tags that track freight elements are contributing to a sweeping wave of benefits that include sustainability, transparency, carbon tracking and efficiency. By embracing these technological advances, the logistics industry is not only reaping immediate rewards, but also paving the way for a more resilient and responsible supply chain ecosystem.
The Swiss companies Tesenso and Stockscan provide an outstanding example of how these challenges are being met. Together, they are helping steer logistics towards an ESG-compliant future. Their innovative approaches not only offer solutions to current problems, but also lay the foundation for a more sustainable and responsible direction for the entire industry.
Contact: Chris Mangos – stockscan ag
chamerstrasse 30 – 6300 zug – switzerland
+41 79 341 0473 – www.stockscan.ch
