May 09, 2024
The global telematics enabled container equipment fleet is forecast to grow eight-fold over the next five years and account for 25% of global box inventories by 2026, according to a new report from UK consultancy Drewry.
Smart containers have increased in prominence following the onset of the covid pandemic and resultant supply chain disruption which has highlighted the need for better cargo visibility to cope with longer and more volatile transit times.
A container becomes “smart” when fitted with a telematics device that provides real-time tracking and monitoring, enabling operators to increase turn time of their containers and so improve equipment availability. It also allows beneficial cargo owners (BCOs) to understand the location and status of their cargo so that they can better control their supply chains.
