E EAS
DL
ID
AL
I O N E L S
G
E
R ANN
CH
DLE E
According to Frost & Sullivan, in 2016,
the size of the logistics sector in the GCC was
estimated to be US$107 billion of which the
road transportation sector accounted for
US$26.9 billion, growing at a conservative
rate of 5% year on year.
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.
“The Dipper team understood the
problem really well and this understanding
coupled with a very passionate team and
a strong product supplemented FarEye’s
existing strength in supply chain industry
technology. 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. We are now a strong team of
200, consulting more than 100 customers,
targeting the trillion dollar logistics and
supply chain industry, globally.”
Suryansh Jalan, Co-founder and CEO
of Dipper, said: “We are excited to join
hands with FarEye, a company that shares
our values, vision and desire to digitally
enable the logistics and supply chain
industry. Our joint comprehensive solution
will enable shippers to gain end to end
visibility of freight and will give them access
to preventive tools for optimising supply
chain management. From order creation,
allocation, transit Visibility and ePoDs,
combined with powerful SLA and KPI
dashboards, fuelling, resource utilisation,
optimisation to toll cards, this suite will
cater to the needs of the all stakeholders
(consignors, 3PL/Transporters, Fleet Owners
and Consignees) alike.”
The biggest problem in road
transportation is lack of data because it
INTELLIGENT TECH CHANNELS
Issue 20
is a fragmented industry with multiple
stakeholders. Dipper provides a unique
solution by using a mix of 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 optimises resources of 3PLs
and allows better utilisation while improving
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.
“This investment aligns with our strategy
and our goal is to contribute to the Middle
East’s success story, while growing our
business across geographies. Over the last
five years, FarEye has become the market
leader of last mile technology by enabling
digital logistics while keeping the customer
needs at its core.
“With Dipper we will continue to advance
the winning of the supply chain ecosystem
in India, the Middle East, South East and
Europe,” adds Nahata.
25