Astrocast Partners with ArrowSpot and Integrates SatIoT into Supply Chain Solutions – SatNews
Astroscattering has partnered with ArrowSpot and integrates its SatIoT technology into ArrowSpot ArrowTrackSAT device and the Arro Watch application. This advanced hybrid communication and tracking solution combines cellular and satellite communication network access and allows ArrowSpot customers to have complete visibility into their supply chains and fleets, enabling efficient management assets around the world.
ArrowSpot’s technology solutions typically enable supply chain managers to take a proactive and cost-effective approach to freight and fleet management. It has developed track and trace solutions that enable organizations to monitor moving assets anywhere and anytime throughout their journey. Clients who benefit from working with ArrowSpot include ZIM shipping line and Oceanex Inc. intermodal transport services.
For many years, ArrowSpot searched for an effective IoT solution that would allow it to track moving assets around the world. With connectivity via terrestrial networks spanning 15% of the planet, ArrowSpot and Astrocast have joined forces to solve the problem of tracking assets in the remaining 85% of the world using satellite IoT.
Astrocast and ArrowSpot’s R&D teams collaborated to integrate Astrocast’s technology into the new ArrowTrackSAT, the first device that combines cellular and satellite communication. This hybrid communication solution provides customers with global coverage, enabling efficient management of containers moving around the world.
A strong use case that demonstrates the value of this solution can be found in the pharmaceutical sector. Maintaining security and temperature control is essential to protect valuable shipments throughout the pharmaceutical supply chain. When handling this type of cargo, it is essential to react quickly to any unexpected event that may arise. For example, if a reefer loses power or the cargo appears to be in the wrong location, this issue should be reported and resolved quickly.
Rapid resolution of this type of incident requires that organizations have the right type of services and technology to track and respond to such events. Ideally, this information should also be shared quickly with customers, so that appropriate management decisions can be made regarding any cargo in transit. The benefit of providing this kind of transparency throughout the supply chain is that it can drastically reduce any potential freight impact. Achieving this true visibility in all regions of the world was previously not possible without Satellite IoT.
Within supply chains, ArroWatch has become a proven key tool for shipping companies and cargo owners to reduce waste and improve supply chain resilience. Since its launch, ArroWatch has tracked over 30,000 trips. The ArrowSpot 24/7 Control Center has tracked over one million days of cargo during this period, worth over $10 billion. About 6% of trips require action to protect freight – and as a result the service has saved over $500 million in freight that would otherwise have been wasted. About half of that cargo – more than $250 million – consisted of life-saving pharmaceuticals, with the food cargo bringing in more than $150 million. The addition of Satellite IoT allows ArrowSpot to maintain a seamless service for its customers and allows everyone to get a better return on investment.
“The need for 24/7 asset tracking within global supply chains today is vital, especially within the cold chain. But until now, truly cost-effective global connectivity has not been available. In our vendor search, we tested several SatIoT solutions, and ultimately selected Astrocast for several reasons. From its two-way communication to its low power consumption, optimized data protocols, chipsets, as well as ease of integration, working with Astrocast has transformed the speed of development – from prototype to a reliable production device in less than 12 months,” said Ran Grinshtainco-founder and CEO of ArrowSpot
Ran added: “In addition, our organizations are both strongly customer-centric; our technical and product development teams worked well together and efficiently to integrate Satellite IoT into our solution; and culturally, our values and the way we work together are aligned. Working with Astrocast has therefore been an excellent experience. We are delighted to partner with such a professional organization capable of finding creative and intelligent solutions to complex technological problems. We look forward to jointly exploring additional SatIoT solutions and use cases for our customers..”
“Satellite IoT is providing growing benefits to organizations around the world and across various industries and use cases. We partnered with ArrowSpot because we share their ambition to address complex use cases and develop sophisticated solutions based on satellite IoT. We’ve been impressed with ArrowSpot’s experience in designing complex products that need to work in harsh environments, as well as developing services specifically for the container industry.,” said Fabian JordanCEO of Astrocast
Fabien then added:Our teams are eager to work together and develop unique value propositions for customers. All of this is made possible by our fully integrated and complementary technologies, and a strong culture of collaboration. Through this partnership, freight forwarders and cargo owners now have the ability to track assets in containers around the world for the first time. This provides true supply chain visibility that can help if and when a crisis occurs in places that were previously out of reach without satellite-based IoT technology. When an emergency strikes in the middle of the ocean, with the right asset tracking technology in place, one quick response can help organizations avoid a crisis. Which can cover its entire investment in Satellite IoT and save the cargo and its delivery.”