By: Bank of Baroda
Thu Oct 29, 2020
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Distances no longer serve as a barrier for humans to achieve their dreams, thanks to 24×7 connectivity in most places around the world. The potential of the industry for small, big and medium tech giants is large as there is a big change in transportation, ecommerce and internet usage over the last decade. From the food on the plate to gadgets and large appliances, the logistics sector has made it possible for most businesses to reach the end consumer.

Blowhorn, Benguluru based startup, is an intra-city logistics tech company operating across Bengaluru, Chennai, Delhi, Hyderabad and Mumbai. It claims to have pioneered the spot and fixed-contract transportation market and is now focusing on speed, across logistics offerings. The startup provides fixed contract-based as well as variable engagement models for large enterprises, SMEs and individuals.

Freightwalla is a technology-enabled Indian shipping freight forwarder. The startup claims to focus on addressing inconsistent service levels in the B2B international logistics industry by leveraging technology to offer real-time updates, online documentation services and consistent pricing.

LogiNext’s model running on AI-based algorithms predicts location-based decisions and automates the delivery processes like route planning, ETA calculation, traffic prediction and also manages exceptions, notifications and customer experience real-time. The startup charges an annual fixed fee per unit across various business functions like order capturing, capacity management, dispatch and analytics.

TagBox helps customers cost-effectively and reliably ‘tag’ a product, supply chain shipment, monitor its health in real-time and ensure that shipment quality is not compromised. The Bengaluru-headquartered company’s BoxLens platform combines an IoT based real-time and granular sensing to monitor temperature, humidity, shock, light, energy and location with machine learning-driven predictive insights to identify excursion, theft or damage risk and help in better planning for the supply chain.

With the Indian logistics industry expected to touch $215 billion by 2020, according to Indian Brand Equity Foundation data, the scope for logistics-tech is huge. The presence and impact of logistics in the day-to-day lives of people are so deep rooted that we often fail to notice how quickly the delivery arrives.

Credits : Akhil Handa

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