Track Genius Revolutionizes Supply Chain Management with Intelligent Tracking Label

• Track Genius reveals shipment’s smarts tracking label to provide real-time visibility, saving up to 50% of total costs of disruption within the supply chain.
• The label uses GPS and cellular technologies, which facilitate decision making, waste reduction, and improved customer satisfaction within worldwide supply chains.

Track Genius, a company that is based in the UK, will soon be launching a smart shipment tracking label which is reported to minimize up to 50 percent of the costs caused by supply chain disruptions. This will also permit companies touch with that waste of supply chain and visibility.

“Over 87 percent of supply chain leaders say they lack end-to-end visibility in their supply chains, which creates inefficiencies and leads to poor decision making. This lack of visibility contributes to poor production planning, and 10 percent of global manufactured stocks are wasted unnecessarily,” highlighted Track Genius’ Global Commercial Solutions Lead, Stuart Tatters.

The Track Genius intelligent tracking label, launched jointly with technology partner Sensos, brings along visibility for the companies to eradicate waste from their supply chain and save massively in costs.

“We know that supply chain disruption costs the average large company US$184 million annually, yet almost 60 percent of companies lack the visibility to manage the risks. Track Genius is the credit card-sized solution to this problem, and truly the solution companies have been waiting for,” Stuart adds.

Track Genius is the label which is using its GPS and cellular technology to follow a multi-modal journey of shipments in real time, providing all possible visibility from origin to end point. It has operations across 180 countries worldwide. It verifies exact time and location of each shipment arrival, delivery and opening, thus reducing insurance claims for lost, missing or non-delivered items, as well as the need to contact a shipper for checking the location of any shipment. Shocks, tampering, and temperature in transit and storage can also report on safety, reducing theft and cold chain disruption.

“By knowing where your goods and assets are in real time and what condition they are in, you can identify issues early, make informed decisions faster, improve on-time deliveries, optimise your supply chain, and keep your customers informed in a way that will convince them to stick with you,” Tatters said.

He concluded: “From temperature-sensitive goods like medicines to high-value electronics like semiconductors, the Track Genius intelligent label provides end-to-end visibility for every shipment at every stage of the supply chain, enabling companies to cut waste, improve customer service, and save millions.”