Impact

Does it correct to understand "impact" here as impact of demage?

Thanks for your help.

Rented equipment – from cars to construction equipment – are stolen. Stores are either carrying too much inventory of the products they sell or they’re constantly out of stock. These inefficiencies all have the same source: imperfect information about where things are and how they’re being used.
According to Business Insider, IoT technologies are expected to have a $1.9 trillion impact on the logistics and supply chain management industries.