The Internet of Things (IoT) is all the rage today when it comes to conversations around the future of technology. The term is reaching the same pervasiveness as “Big Data”. Depending on who you are, and your point of view on things, this is either a good thing or a bad thing. I am on […]
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The Pharmaceutical industry scraps $15 Billion in product each year due to temperature deviations during shipment. They spend another $20 Billion on resupply costs and mandated regulatory investigations into the root cause of the issue. The vast majority of all of these temperature excursions occur on the airport tarmac. The current “industry-standard” technology deployed provides […]
The global logistics industry generates $9.1 Trillion dollars in revenue. The global Third Party Logistics (3PL) industry generates $750 Billion in revenue as a part of that figure. Further, the U.S. trucking industry alone generates approximately $700 Billion in revenue. Air and sea cargo industries generate $62 Billion each. These are huge numbers that represent […]
In 2014, the pharmaceutical industry had sales of $790 Billion in non-cold-chain (77.8%) and $225 Billion in Cold-chain or controlled room temperature (22.2%) products. That totals $1.015 Trillion. If we estimate a 5% CAGR (compound annual growth rate) then by 2019, that number will be $1.36 Trillion. The losses associated with temperature excursions in healthcare […]
Over $15Billion in product losses occur every year in the Pharmaceutical industry due to temperature excursions alone. This figure does not include the costs associated with replacing those goods, the labor costs (direct / indirect) associated with the root cause analysis process, or other causes of product loss such as shock, humidity, etc. All accounted […]
As the need for temperature-controlled transportation rises, problems persist. According to The Loadstar article, “Unreliable Air Cargo Industry Loses Pharma Traffic While IATA Sleeps”, Kuehne + Nagel’s senior vice president for global air logistics products and services, Marcel Fujike, is quoted, “There was a lack of skills, training and standards throughout cool-chain logistics, with “no SOPs […]
TMC, a global, integrated media company that helps clients build communities in print, in person and online, announced CargoSense was among the recipients awarded the 2015 Internet of Things (IoT) Evolution Asset Tracking Award. http://www.iotevolutionworld.com/newsroom/articles/405688-winners-the-2015-iot-evolution-asset-tracking-award.htm CargoSense’s new “Black Box” cargo solution (http://cargosense.com/solution/) shared the stage with the likes of Cisco Systems, Savi, SkyBitz and Vodafone.
We want to welcome aboard Craig Montgomery, our new Chief Marketing Officer. Craig has significant experience in the world of supply chain logistics. He will be directing both our marketing and product development activities. http://www.prweb.com/releases/2015/05/prweb12695085.htm
Check out our press release at http://www.prweb.com/releases/2015/04/prweb12684192.htm Thanks to IrishAngels, Middleburg Capital Development and our previous investors for making this happen.
Congratulations to our technology team for a major update to the CargoSense web site, telling our story with more punch and clarity. We’ve learned a lot from feedback from our customers and partners and rolled that into this update. We also completed some major behind-the-scenes work and revamped our infrastructure to support increased demand (and new […]