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Intel's New IoT Platform to Aid Companies Trim Freight Loss
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Intel (INTC - Free Report) recently unveiled Intel Connected Logistics Platform or Intel CLP, with PA Consulting and Alphabet’s (GOOGL - Free Report) Google Cloud.
As the name suggests, the “connected” platform is an IoT-based (Internet of Things) solution aimed at providing users an end-to-end status of the shipment throughout the transit process.
Coming to the price performance, Intel’s stock has shed 2.8% year to date, compared with the industry's decline of 14.6%.
Features & Benefits
The latest platform is loaded with robust capabilities, comprising edge analytics with real-time alerts of tamper or unexpected changes in location (if detected) via advanced monitoring tools.
Intel CLP which utilizes Intel Atom processor provides real-time updates on the supply chain with constant environment, package and network condition alerts.
The enhanced asset-tracking infuses transparency through the entire supply chain. Moreover, Intel CLP enables users to protect confidential asset information by leveraging robust data encryption capabilities of the new solution.
With the new solution, the company intends to assure customers regarding the integrity, quality and security conditions of shipment in transit.
The meaningful insights obtained from the reliable real-time data analytics is expected to aid companies in optimizing networks and assets, as feasible. Consequently, the customers can benefit from improved productivity, accelerated time-to-market and reduction in supply chain expenses.
Logistics Companies: Primary Beneficiaries
We believe Intel CLP is well poised to find application across various industries, primarily logistics companies. The new solution holds promise as logistics and transportation companies are increasingly facing huge expenses with shipping of high-value freight, involving sensitive equipment, perishable goods, among other assets.
Notably, per latest CargoNet data, the U.S. and Canada witnessed 188 cargo thefts recording an average loss of approximately $143,949 per shipment in third quarter of 2018.
The cargo theft on a global scale calls for a robust solution aimed at enhancing transparency of the shipment in transit. This is where Intel’s new offering comes in handy.
Furthermore, per TransparencyMarketResearch report, global IoT in logistics market is envisioned to grow to approximately $63.73 billion by 2026 witnessing a CAGR of 12.4% from 2018-2026.
The aforementioned factors and market reports strengthen the prospects of Intel’s latest solution, primarily in logistics and transportation domain.
Growth in IOTG Revenues to Favor Top Line
Intel is leaving no stone unturned to enhance freight monitoring. The company is exploring various use cases beyond logistics industry in this regard with focus on automated shipment tracking.
For instance, in perishables domain, robust insights from Intel CLP is enabling Driscoll’s (a California-based company involved in providing fresh berries) to trim customer shipment rejections.
In the specialty products domain, Intel assists International Flavors & Fragrances, Inc. to track shipments in real-time, enabling it to address customs delays and rejections.
Notably, Intel unveiled Connected Freight in collaboration with Honeywell in May 2017.
These initiatives are expected to aid the company boost Internet of Things Group or IOTG revenues, consequently top-line growth. Moreover, strength in retail and video applications are anticipated to drive IOTG revenues.
Notably, in third-quarter of 2018, IOTG revenues increased 8.2% from the year-ago quarter to $919 million and contributed 4.8% to total revenues.
Zacks Rank & Other Key Picks
Intel sports a Zacks Rank #1 (Strong Buy). Twitter, Inc. and Upland Software (UPLD - Free Report) are some other stocks worth considering in the broader technology sector. Both the stocks flaunt a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Twitter and Upland Software are currently pegged at 22.1% and 20%, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Intel's New IoT Platform to Aid Companies Trim Freight Loss
Intel (INTC - Free Report) recently unveiled Intel Connected Logistics Platform or Intel CLP, with PA Consulting and Alphabet’s (GOOGL - Free Report) Google Cloud.
As the name suggests, the “connected” platform is an IoT-based (Internet of Things) solution aimed at providing users an end-to-end status of the shipment throughout the transit process.
Coming to the price performance, Intel’s stock has shed 2.8% year to date, compared with the industry's decline of 14.6%.
Features & Benefits
The latest platform is loaded with robust capabilities, comprising edge analytics with real-time alerts of tamper or unexpected changes in location (if detected) via advanced monitoring tools.
Intel CLP which utilizes Intel Atom processor provides real-time updates on the supply chain with constant environment, package and network condition alerts.
The enhanced asset-tracking infuses transparency through the entire supply chain. Moreover, Intel CLP enables users to protect confidential asset information by leveraging robust data encryption capabilities of the new solution.
With the new solution, the company intends to assure customers regarding the integrity, quality and security conditions of shipment in transit.
The meaningful insights obtained from the reliable real-time data analytics is expected to aid companies in optimizing networks and assets, as feasible. Consequently, the customers can benefit from improved productivity, accelerated time-to-market and reduction in supply chain expenses.
Logistics Companies: Primary Beneficiaries
We believe Intel CLP is well poised to find application across various industries, primarily logistics companies. The new solution holds promise as logistics and transportation companies are increasingly facing huge expenses with shipping of high-value freight, involving sensitive equipment, perishable goods, among other assets.
Notably, per latest CargoNet data, the U.S. and Canada witnessed 188 cargo thefts recording an average loss of approximately $143,949 per shipment in third quarter of 2018.
The cargo theft on a global scale calls for a robust solution aimed at enhancing transparency of the shipment in transit. This is where Intel’s new offering comes in handy.
Furthermore, per TransparencyMarketResearch report, global IoT in logistics market is envisioned to grow to approximately $63.73 billion by 2026 witnessing a CAGR of 12.4% from 2018-2026.
The aforementioned factors and market reports strengthen the prospects of Intel’s latest solution, primarily in logistics and transportation domain.
Growth in IOTG Revenues to Favor Top Line
Intel is leaving no stone unturned to enhance freight monitoring. The company is exploring various use cases beyond logistics industry in this regard with focus on automated shipment tracking.
For instance, in perishables domain, robust insights from Intel CLP is enabling Driscoll’s (a California-based company involved in providing fresh berries) to trim customer shipment rejections.
In the specialty products domain, Intel assists International Flavors & Fragrances, Inc. to track shipments in real-time, enabling it to address customs delays and rejections.
Notably, Intel unveiled Connected Freight in collaboration with Honeywell in May 2017.
These initiatives are expected to aid the company boost Internet of Things Group or IOTG revenues, consequently top-line growth. Moreover, strength in retail and video applications are anticipated to drive IOTG revenues.
Notably, in third-quarter of 2018, IOTG revenues increased 8.2% from the year-ago quarter to $919 million and contributed 4.8% to total revenues.
Zacks Rank & Other Key Picks
Intel sports a Zacks Rank #1 (Strong Buy). Twitter, Inc. and Upland Software (UPLD - Free Report) are some other stocks worth considering in the broader technology sector. Both the stocks flaunt a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Twitter and Upland Software are currently pegged at 22.1% and 20%, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>