Category Archives: Technology

A.P. Moller – Maersk’s strategy is to offer integrated solutions for smooth and optimised cargo flows that can span across all steps of the supply chain and create value for customers in the form of better supply chain outcomes, increased transparency and control, and ultimately lower endto-end costs. This vision is being delivered by combining the broad product and service offering of ‘Logistics & Services’ with the highly reliable and more differentiated ‘Ocean’ transportation offering. In addition, significant financial and operational synergies are being realised between Terminals and Ocean via close collaboration to drive efficiency. One of the important elements binding all these aspects together is ‘Technology’. Vikash Agarwal, Managing Director, Maersk South Asia, said, “Technology enablement is critically important for all value creation elements. It enables the creation of new products and services, facilitates a seamless, state-of-the-art, end-to-end customer experience, enables standardisation and automation of processes, and powers the next levels of operational excellence and efficiency.” A key enabler of Maersk’s strategy is the digital transformation, where massive acceleration in activities was witnessed in the last two years. The turnover on the Maersk.com platform, which includes Maersk.com, Twill.net, Maersk Mobile App and EDI (Electronic Data Interchange), reached USD 38bn in 2021, an almost 90% jump from 2019. The traffic on Maersk.com increased by 15%, and the search for Maersk’s Ocean products increased by 52% in 2021. The number of bookings processed on the mobile app increased more than 15-fold, indicating a massive shift in how customers prefer to engage, especially in the times that drove social distancing and remote working. Instant booking confirmation was offered on 70% of the transactions on Maersk.com, an industry first that contributes towards frictionless …

B2B logistics tech platform Oorjaa has raised around Rs 9 Crores in a Pre-Series A round led by Inflection Point Ventures. The round also saw participation from a clutch of HNIs who have invested in personal capacity and through Vinners angel investing platform. The funds will be used to focus on the product and tech development, expanding into new geographies and on working capital requirements. Oorjaa was founded by Sandeep Patil, Prashant Mohite and Yogesh Parab, each with uniquely diverse and complimentary skill sets in late 2019. Oorjaa offers highly effective technology driven logistics solutions aided with transformative technology solutions on auto-routing, network optimization, data analytics, trip management and highly efficient operating processes run by the most skilled and trained manpower. Their biggest strength is having proprietary tools for optimizing logistics operations, diversely skilled founders with decades of experience in building products and businesses. They have bootstrapped to an impressive two-digit ARR with founders’ capital and investment of just Rs. 40 Lakhs. Since its launch in November 2019, Oorjaa has expanded to 15+ cities, 30+ Hub locations, conducting 4000+ orders per day with 200+ Vehicles (inclusive of EV Cargo Vehicles, promoting sustainability). Their B2B clientele include some of the most well-known large e-commerce, food-tech & e-groceries companies.

o9 Solutions has announced Generation Investment Management co-founder and chairman, and former U.S. Vice President, Al Gore, as a keynote speaker for aim10x global 2022. Held virtually from April 5-7, aim10x global 2022 will be o9 Solutions’ largest digital transformation event to date. Top leaders across planning, decision-making, and analytics will share their insights on leveraging the power of data and AI to help companies make better, faster decisions across industries. On April 5, Gore will present “The Case for Optimism on the Climate Crisis” and discuss the Sustainability Revolution that is beginning to reshape the world. This revolution—when coupled with technological advances—will have a deeper global impact than the industrial revolution and will unfold faster than the digital revolution. “We are extremely pleased to welcome the co-founder and chairman of Generation Investment Management and former U.S. Vice President, Al Gore, as a keynote speaker at aim10x global 2022,” said Chakri Gottemukkala, CEO and co-founder of o9 Solutions. “He has dedicated his career to raising awareness and inspiring action against climate change. Social impact and sustainability are core values and an important part of o9. We are eager to help large companies make better decisions for their companies and our planet and are looking forward to hearing Al Gore speak more on that topic at aim10x global 2022”. aim10x global takes place virtually from April 5 to April 7.

Pickrr has announced the launch of another value-added service, Pickrr Predict. The flagship product feature will provide predictive analysis to sellers as soon as an order is placed on Pickrr, which helps mitigate the significant risk proportion attached to cash-on-delivery orders. According to an industry estimate, there is only a 75% probability of the order getting delivered. There can be multiple factors behind COD orders not getting received, such as fraudulent orders, incorrect addresses, unavailability of cash, late deliveries, restricted zones, etc. This results in the sellers’ considerable monetary loss because of the failed delivery and the inventory’s RTO process. In a bid to neutralize the additional losses of the sellers, Pickrr Predict has been integrated with Pickrr’s all-in-one dashboard. The feature uses collective data and evaluates the order over 30 parameters, including past online transactions of the customer, return history, high-stress delivery zones, etc., to calculate the risk percentage and intimate the high-risk orders before proceeding with order dispatch. With the help of this intelligent analysis, sellers can determine further processes to cancel, confirm, or edit details for any order. Speaking on introducing the new VAS feature, Gaurav Mangla, CEO and Co-Founder, Pickrr, said, “Failed Cash-on-Delivery has become a significant challenge for businesses. As an industry leader, we strive to provide solutions for the problems that can make a larger difference within the logistic ecosystem. Pickrr Predict is already resolving the shipping woes for over 5000 sellers currently using this disruptive service. He also added, “We are confident that this marquee product feature will help countless sellers generate valuable savings and steer clear of losses.” Pickrr has constantly delivered a seamless logistics experience to D2C and eCommerce sellers through …

After two years of disruption, the logistics sector is riding on a growth wave as COVID-19 wanes, with the giant logistics provider DTDC leading this wave with a special focus on healthcare. The national player is taking the logistics game a notch higher and upgrading their infrastructure, launching several warehouses for positive growth and expansion. After the pandemic struck and several lockdowns, the demand for doorstep delivery of medicine and vaccines has soared. In order to meet this demand and facilitate people with speedy services that meet their life-saving medical requirements, DTDC is now on a mission to reach every large city and the remotest of villages in the country. Rolling this mission into action, DTDC has begun with the Guntur district in Andhra Pradesh. They have opened a new warehouse with state-of-the-art facilities and high-end technology-enabled. Partnering with e-commerce giants, the logistics provider is all set to provide enhanced deliveries across categories across the urban and rural segments of the state. “To further enhance our services and streamline operations to serve our customers better, we are building major logistic hubs across the country to facilitate business growth and deliver value to customers across the length and breadth of the country,” says Subhasish Chakraborty, Founder, Chairman and Managing Director of DTDC. “We are happy with the way the people of the country have supported us in the last 32 years. We started from Karnataka but are all over India today. With the trio element of service, support, and advanced infrastructure, we are sure to take care of everyone’s needs in the coming future. Moreover, we also run a foundation called SSCF (Shri Subhasish Chakraborty Foundation), where orphanages and the aged …

Amerijet International Airlines has announced the launch of its new cargo management system, SmartKargo. The new online system enables the airline’s customers greater flexibility to view prices, capacity and make real-time bookings. Digital transformation and automation have been in the forefront of Amerijet’s vision to provide its customers with digital innovation every step of the way. “The new cargo system will bring efficiencies to Amerijet and its customers, and with SmartKargo we will provide not only a streamlined user experience for our forwarders and direct cargo customers but also reliable access to our capacity, and real time data at every step of the distribution journey,” said Tim Strauss, Amerijet’s Chief Executive Officer. Using the new online system, Amerijet’s customers can access capacity throughout Amerijet’s global freight network anytime, anywhere. Customers will use the new platform by accessing their existing Amerijet MyCargo suite at www.amerijet.com. “SmartKargo is a part of a comprehensive investment strategy in new technology and processes that will benefit both our employees and customers every day. We are very pleased with our SmartKargo experience, and we hope our customers will be too,” added Eric Wilson, Chief Commercial Officer. “We will be investing in our customer experience moving forward as we continue to grow,” Wilson said.

FarEye, a global SaaS platform provider transforming last-mile logistics, today announced several new capabilities for more environmentally sustainable delivery operations, route optimization, and consumer experience. New capabilities across FarEye’s Intelligent Delivery Management Platform are designed to help customers boost delivery efficiency, enable green fleets, and gain visibility into outcomes of sustainability initiatives. “We are partnering with our customers using our optimization and visibility solution to optimize fleets and reduce emissions while delivering delightful experiences to their end customers,” said Suvrat Joshi, chief product officer at FarEye. “In a world shifting towards prioritizing environmental sustainability, we are dedicated to complementing and supporting our customers’ sustainability goals. In 2021, customers that used our platform collectively helped reduce carbon footprint by 40,961 tons. We see this number continue to increase as our customers adopt and use these new capabilities across first, mid, and last mile in their delivery network.” FarEye’s four new sustainability capabilities have been developed to help both shippers and carriers minimize CO2 emissions throughout their logistics operations, addressing end consumers’ desire to have their online orders delivered on time and with minimal or zero carbon emissions.

Shipsy, raises USD 25 million in a Series B round co-led by A91 Partners and Z3 Partners along with existing investors Info Edge and Sequoia Capital India’s Surge. The freshly raised funds will enable the logistics startup to maintain its growing stronghold in the Middle East, India, and Southeast Asian markets while also accelerating the company’s aim of global expansion into Europe and the US. In addition to this, Shipsy will also utilize these funds to drive rapid technological innovation with a greater focus on enhancing logistics sustainability and its AI, ML, and Blockchain capabilities. “We are thrilled to partner with seasoned investors with a common vision to transform the global logistics industry technology. Their continued support strengthens our mission of enabling customers to achieve sustainable business and logistics excellence. It takes us closer to our goal of becoming the de-facto logistics operating system globally,” said Soham Chokshi, CEO and Co-Founder, Shipsy. “Shipsy’s technology offering enables them to be the single partner of choice for enterprises who are transforming their logistics operations. Large category-leading customers have been thrilled at the impact of Shipsy in their operations. We look forward to partnering with them as they become a leader in logistics software,” said Kaushik Anand, Partner at A91 Partners. Shipsy’s growth is driven by its continuous focus on enabling businesses to provide customer transparency, flexibility, and convenience.

Drip Capital, Inc., a leading cross-border digital trade finance platform, announced collaboration with CARGOES Finance By DP World, a platform that enables rapid and seamless access to working capital for emerging-market small and medium-sized enterprises (SMEs). SMEs are one of the most integral components of the global supply chain but often face a working capital crunch to facilitate their cross-border transactions. Drip Capital offers collateral-free financing solutions for SMEs engaged in cross-border trade, thereby allowing them to manage their cash flow better and invest in business growth. The fintech firm collaborates with crucial global industry enablers across the value chain for making international trade seamless for SMEs. DP World’s CARGOES Finance Platform facilitates lender-borrower interactions and arranges an array of credit solutions from premier financial institutions worldwide. A partnership such as this will help cash-crunched SMEs avail fast and easy access to trade financing by connecting them to Drip. Elaborating on the collaboration, Pushkar Mukewar, Co-Founder and CEO of Drip Capital, said, “To be a part of DP World’s massive network and get access to a large number of SMEs is a great privilege, and we are excited to begin this journey with them. Besides this, the platform will provide Drip with vital trade data to improve its risk analysis and mitigation processes, thereby helping us procure more clients and lend more confidently. Overall, the partnership will assist us in our mission to make global trade easy and accessible to SMEs worldwide.” Sinan Ozcan, Senior Executive Officer, DP World Financial Services Limited, said: “DP World’s objective is to enable global trade. Access to trade finance is critical for the survival and growth of exporters, importers and logistics companies which are …

Tata Steel has been rated “A” and is listed as 2021 ‘Supplier Engagement Leader’ by CDP, a global environmental non-profit charity, for its initiatives to reduce GHG emissions and tackle climate-change risks across its supply chain. This is the second time in three years that the Company has been included on the Global Leaderboard. Over the last three decades, Tata Steel has made concerted efforts in various areas including supply chain to mitigate climate change and manage climate risks. Tata Steel launched its Responsible Supply Chain Policy in FY20 to encourage supply chain partners to integrate sustainability principles in their decisions and processes. The Company works in collaboration with its supply chain partners towards promoting sustainable business practices for a better planet. Peeyush Gupta, Vice President, Supply Chain, Tata Steel, said: “As part of our vision to be the global steel industry benchmark in value creation and corporate citizenship, we are committed towards climate action and adopting sustainable practices across our value chain. We will continue to engage with our supply chain partners and encourage them to adopt and maintain management practices to improve their energy & resource efficiency and environmental performance. We have also taken several initiatives over the last two years to lower Scope 3 carbon emissions and have plans to significantly reduce our footprint in future.” Sonya Bhonsle, Global Head of Value Chains & Regional Director Corporations, CDP, said: “Our data shows that companies currently have blinkers on when it comes to assessing their indirect impacts and engaging with suppliers to reduce them. Companies must act urgently to cascade action and manage environmental impacts throughout their supply chains to scale the level of action to secure a …