In-depth review of the Smart Containers (SMARC) project — Part 2: Markets and problems

| Markets

If you read the introduction about the project here, you probably are well informed about the overall goal the team goes after. But what about the potential market it tries to disrupt?
Nowadays the logistics industry is ripe, we can send any goods to anywhere in the world. As a result, global trade and logistics services are expanding exponentially:

Globalization 1900 - 2011

Smart Container is particularly interested in the sensitive cargo market which is currently in high demand such as pharmaceuticals and food.

• Pharmaceutical product distribution
  The following numbers underline the evolution on pharma logistics in the near future.
  
  • Currently, more than USD 1.1 trillions of pharmaceutical products are shipped around the globe per year.
  • From those more than USD 283 billions (26%) are cold chain related, with a forecasted growth of more than 70% until 2021.
  • For the transport of these temperature sensitive pharma products, the pharma industry is spending USD 13.4 billions in 2017, which is projected to rise to USD 16.6 billions (+24%) by 2021.

• Food distribution

  Due to the increasing demand for fresh food in developed countries
  Developed countries spend more per capita on fresh food
  

| Problems

• Technical issues of pharmaceutical and food logistics

  • Pharmaceutical: The World Health Organization estimates that the proportion of vaccines degraded by the temperature deviation during transportation is 40%. It is estimated that pharmaceutical companies must throw away products worth more than $ 2.5 billion due to temperature travel. This is a huge loss for the pharmaceutical industry and consumers.
  • Food: Fresh food is very perishable because the temperature during transportation causes large problems for the food logistics industry

• The logistics process requires large teams on all sides to tackle this email flood and generate correct invoices.

• Procedures for payment, pickup still cumbersome lack of transparency caused many losses and lost time.

Next up: The Solution

Want to know more about Smart Container? Check out their website! Or follow us on Steemit!

Official Website:
https://smartcontainers.ch
Whitepaper:
https://smartcontainers.ch/assets/20180208_smartcontainers_whitepaper_v1.pdf
Telegram Official :
https://t.me/smartcontainers
Twitter:
https://twitter.com/SMARC_ICO
BTT ANN Thread:
https://bitcointalk.org/index.php?topic=3058528.0