Eric Johnson, JOC's senior editor, technology moderated the panels which deliberated on how software can make key ocean freight processes and capabilities more efficient and less costly, potentially positioning India as the key growth market for world trade in the coming years.
Speaking on the theme ‘Keeping Forwarders in the Game: How technology providers are enabling India’s small freight forwarders,’ Raghavendran Viswanathan, CEO & co-founder, FreightBro, said, “Technology has become a de facto not a value add any more. The acceptance curve of the freight forwarding industry for digitisation will be gradual and eventually inevitable. A time will come when the freight forwarder will make decisions looking at dashboards rather than just using it as a price comparison tool.”
This story is from the September - October 2019 edition of Indian Transport & Logistics News.
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This story is from the September - October 2019 edition of Indian Transport & Logistics News.
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Connecting India With Multi-Modal Logistics
Today, logistics cost in India accounts for 13-17 percent of the Gross Domestic Product (GDP) which is nearly double (6-9 percent) the logistics cost to GDP ratio in developed countries such as the US, Hong Kong and France. Much of these escalating costs are due to the absence of efficient intermodal and multimodal transport systems. But with the government giving infrastructure status to the logistics sector, development of multimodal transport networks and initiatives to set up industrial corridors and logistics parks, a massive transformation of the country’s logistics landscape is underway.
Why Is Everyone Afraid To Share Data? GPLS Finds
At the third Global Pharma Logistics Summit 2019 organised by Indian Transport & Logistics News, panelists discussed technological advancements, creation of data, the existence of trust deficit in sharing data, need for educating and building a skilled workforce for better handling of pharma cargo.
Machine Protection Doors: Protecting People And Enhancing Productivity
Machine protection doors are found in many areas of industrial production - they are required to meet stringent safety requirements.
Digitising Freight Forwarding For A Seamless Supply Chain
FreightBro, a digital platform for freight forwarders and Journal of Commerce (JOC.com), a portal for news about container shipping & logistics have organised the latter's first ‘India Logistics Technology Summit’ on August 22 in Navi Mumbai.
Customer Centricity Key To All E-commerce Business Decisions
At the inaugural Ecommerce Logistics Summit 2019, stakeholders came together for compelling deliberations on issues facing the industry. Building business intelligence, keeping the customer at the centre, understanding regulation for smoother business were among the key points discussed by enthusiastic panel members.
Building Logistics Competencies For India's Pharma Exports
Over the last 30 years, India’s pharmaceutical industry has evolved from being almost non-existent to becoming a world leader in the production of high quality generic drugs. At the same time, medical science and medical technology have also advanced leaps and bounds with drugs becoming more sensitive than ever before. To counteract this complexity and create worldwide quality standards, Indian pharma players in tandem with their logistics counterparts are trying to ace cold chain standards by connecting quality with technology.
‘Automation Contagiously Harmonising With The Logistics And Supply Chain Industry'
Web-based e-cloud platform LogYcode offers a cost-effective solution for freight forwarders, exporters, importers, and also air freight carriers. From published tariffs and surcharges of all carriers from pan-India, to a user-friendly interface, LogYcode employs AI and machine learning to build a comprehensive service.
Every Player Must Integrate On Same Platform For Technology Adoption
Backed by the investments from Accel and Nandan Nilekani, the co-founder of Infosys, Fortigo Network Logistics (4TiGO) entered into digital logistics platform to empower the Indian truck network through technology and networking. Over the last 18 months, the company has recorded y-o-y growth of over Rs 150 crore p.a. Anjani Mandal, CEO and co-founder of the 2015 founded company interacts with Shalini Nair on $50 million funding plan and its outlook to grow 10X over the next 30 months.
Digital Twins For Logistics
How do you operate, maintain, or repair systems when you aren’t in their physical proximity? That was the challenge for NASA when it had to monitor its rockets and vehicles on space missions. So it created mirrored systems or digital twins, still on earth that allowed engineers and astronauts to determine how they could control space mission vehicles. The concept of digital twin helps to control Chandrayaan-2, India’s lunar mission. A digital twin can create huge value in logistics and provide greater insight into and visibility of the current and future state of logistics.
Tracking Innovations In Logistics
Trading intuition for accurate datadriven insight has been a compulsory and continuous journey for today’s logistics businesses. This quest has led to innovations that have automated and streamlined process, in order to bring improved efficiencies to the logistics and supply chain business.
