Cost-Effective Industrial IoT Device Protects Billions in Global Multi-Modal Shipments
Alexandria, VA, May 13, 2019–Savi®, an innovator in big data/machine learning analytic solutions, supply chain management software and sensor technology, today announced the newest addition to its current suite of sensors. Savi Locate™ for global multi-modal shipments is the first sensor built to operate on all available 4G, 3G and 2G cellular networks to ensure shippers have live, streaming visibility to goods-in-transit worldwide. When coupled with Savi Visibility™ software, shippers will have up-to-the-minute data needed to mitigate the risk and cost of delayed or lost shipments.
The most significant visibility gaps in global multi-modal shipping happen when a shipment is transferred from land-to-sea or sea-to-land. Traditional Electronic Data Interchange (EDI) carrier messages provide delayed milestone information. In the case of land-to-sea shipments, the Loaded on Vessel message that a container has been loaded on a ship is typically sent 1-5 days after loading. EDI does not offer real-time information on location. Savi Locate for global multi-modal shipments removes supply chain uncertainty by delivering objective and accurate real-time, in-transit visibility data from the broadest range of locations around the world. Savi Locate is the most affordable global GPS sensor on the market. In addition to its global coverage, the Industrial IoT (IIoT) sensor minimizes operations support requirements with a battery life of 6 months to 5 years depending on ping interval.
“Our customers have already witnessed the benefits of real-time visibility solutions in their supply chains, such as a pharma company saving $15M worth of inventory from spoilage and an industrial manufacturer reducing in-transit damage from shock,” said Rich Carlson, CEO of Savi Technology. “Now, Savi’s new Locate sensor offers the broadest coverage available today to help shippers measurably improve customer delivery performance and reduce carrying costs. This product continues Savi’s history of innovation in sensor technology and end-to-end solutions for today’s global supply chains.”
Savi Locate is available to both commercial and government customers.
About Savi Technology
Savi delivers live streaming facts and insights about the location, condition, and security of in-transit goods. Using big data and analytics, Savi equips shippers, carriers, 3PLs, and governments with actionable insights to optimize supply chains before, during and after transit, reducing costs and inventory while improving service. Savi is trusted to support some of the world’s largest and most complex supply chain networks for large CPG companies, Pharma, the US DoD and over a dozen government agencies around the globe. To learn more, visit www.savi.com.