IoT-Based 4PL: Prospects and Business Models

The purpose of this article is to find out the future business models and business model innovation methods of Internet of Things (IoT) industry. Through the analysis of IoT-based logistics information system features, it is clear that IoT-based supply chain integration must be dominated by fourth party logistics (4PL) providers rather than telecoms and technical manufacturers. Two implementation models of IoT-based 4PL are viable. Under the function of more rational policies, many enterprises including logistics providers, logistics management consultants and IT companies would be IoT-based 4PL enterprises, and enhance the logistics management of all society.