Circular economy meets the IoT
February 11, 2016 in Innovation
The economy is becoming increasingly circular as products and materials become smart and are connected to the Internet of Things. “ Products will communicate with users, collectors and remanufacturers to ensure they are returned and reused after their first life cycle. Additionally, condition monitoring of sensitive goods during transport, storage and use will expand product lifetime, says Frank Appel, CEO of Deutsche Post DHL.
He adds that one area of great potential for synergies from IoT and logistics is the focus of the circular economy on renewable energy and designing out waste. Smart, communicating vehicles sharing traffic and network information can boost logistics efficiency, he says.