A study by Boston-based research firm Aberdeen Group suggests that companies will be spending big bucks on protecting their logistics assets during the next 24 months.
The findings from the report, “Empowered Asset Management: Sharing and Tracking Logistics Assets to Improve ROI,” support the increasing focus on RFID as a way to better manage a company’s logistics assets, such as the expensive containers used to ship goods through the supply chain.
The report details how logistics asset operations can consume 4% of a company’s annual revenue; one-fifth of the survey respondents said they spent more than 10% of their annual revenue on logistics assets. Managing asset availability, having accurate inventory of those assets, and coordinating movement of those assets were among the most difficult tasks, according to respondents.
Two-thirds of respondents said that they planned to “invest heavily” in better asset management solutions during the next two years. Expectations for these investments are very high, as companies are anticipating 50%-100% more value from new technology systems.