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INDUSTRY WATCH
Overcoming long-haul
logistics challenges
With a lack of data one
of the biggest problems
in road transportation,
FarEye is working to solve
some of the challenges
hampering long-haul and
multi-modal logistics. movement. This helps shippers with
better planning for arrival of goods,
reliable transportation reducing inventory
and benchmarking SLAs to reduce
transportation costs.
A Kushal Nahata, Co-founder and CEO of
FarEye, said: “Shippers are losing a lot
of time, money and inventory due to
unpredicted freight movement. Transport
infrastructure investment is projected to
increase at an average annual rate of
about 5% worldwide over the period of
2014 to 2025.
s the Middle East moves towards the
digitalisation of the transportation
industry and with the need to
improve on-time deliveries and reduce the
cost of the movement of goods, FarEye has
acquired IoT platform Dipper Tech.
The technology allows on-time deliveries,
document digitisation with electronic proof
of deliveries and dispatch orders. It also
reduces bottlenecks, theft and pilferage.
Dipper’s predictive technology platform
provides logistics stakeholders with end to
end real-time visibility of their chain, while
providing preventive management tools to
aid easy decision making. “We are now heading towards digitalising
the Middle East’s transportation industry
and improve it to ensure on-time deliveries
with reduced cost of goods movement.”
Its propriety Machine Learning engine
estimates real-time delay in freight The biggest problem in road transportation
is lack of data because it is a fragmented
industry with multiple stakeholders. Dipper
provides a solution that mixes IoT devices,
SIM cards, smartphones and its wide
network of IoT/ERP providers.
The location data (received from an IoT
ecosystem) is fed into FarEye’s Machine
Learning platform that then predicts
estimated time of arrival in long-haul
movements by learning the delays at tolls
and terrains.
It improves the SLAs for higher on-time
deliveries, digitised payments and pilferage
and loss control for best customer satisfaction.
FarEye now has now expanded into
product offerings:
• FarEye eCommerce Logistics: End-to-
end platform to run eCommerce logistics
and optimise goods movement
• FarEye Transportation: Predictive
Visibility Platform to run logistics
operations to achieve on-time delivery
and efficiency
With multiple stakeholders involved in the
movement of freight, the supply chain
has historically been like a black box for
enterprises, with customers not knowing
where and what condition their goods
were in.
As the world moves towards a just-in-
time manufacturing model that demands
shorter and reliable supply chains,
companies are rightly demanding to know
the location and state of their goods at
every stage of their journey.
FarEye Transportation will give businesses
complete visibility of goods from the start of
their journey until the final destination and
help foster collaboration among the various
stakeholders and logistics processes. n
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