FreightBro, associated with the Journal of Commerce, hosted their first India Logistics Technology Summit at the Centre of Incubation and Business Acceleration, Navi Mumbai. The summit witnessed sessions 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.
The panel discussion brought up interesting conversations and observations; plug and play software start-ups offer a layer of flexibility and standardisation to the freight-forwarding community, the technology platforms act as salespersons reducing customer acquisition costs and older players are opening up to technology once they realize that it is enabling them in all possible ways.