WIZ Freight opens logistics Tech and R&D Centre in Chennai

WIZ Freight inaugurates logistics Tech and R&D Centre in Chennai on Wednesday. Ramkumar Ramachandran, Co-Founder & Chairman and Ramkumar Govindarajan, Co-Founder & CEO, WIZ Freight inaugurated the centre. This is the largest R&D centre in Asia dedicated to cross-border shipping technology. The centre will develop cutting-edge tech solutions for cross-border shipping industry using AI, ML, blockchain, IoT, web & mobile applications, and big data capabilities to improve critical functions such as ETA prediction, routing, end to end visibility, digitization of shipping documentation, warehousing management, and business insights. WIZ Freight Tech and R&D Centre, at an initial capital expenditure of Rs 30 crore, will facilitate tech-enabled innovation in the shipping industry to reduce shipping costs, offer accurate end-to-end visibility, enable better upstream and downstream supply chain planning & execution, and minimise carbon footprint. The company is committed to spending Rs 300 crore over the next three years on R&D.