FIG. 4 shows an exemplary asset tracking application using the device 402 in accordance with one or more embodiments. The device is used to track and trace packages 406 during transportation in this example. In one embodiment, the multi-sensor electronic device with wireless connectivity can be utilized to track/monitor the location, temperature, humidity, pressure, presence of VOCs, motion, handling, and see if the package has been opened by interpreting data from an ambient light sensor or a proximity sensor. The update rates for each measurement can be modified remotely and can be programmed to connect to the cloud every 30 seconds, 1 minute, 5 minutes, 10 minutes, 30 minutes, 60 minutes, 6 hours, continuously, or any other time interval that is desired for monitoring of the package during shipment.