Freight Crate Technologies

Ruchi Dogra, Director & Co-Founder, FreightCrate Technologies

Ruchi Dogra
Today, it is not just one unique identifiable technology that can create a quantum impact on the logistics industry. Rather, combinations of technologies are at the tipping point of mass adoption by the industry and are the key drivers to the change that is happening within the logistics industry. Simple automation, which seemed like a panacea for all logistics related issues, is no longer the natural option. The way automation is impacting the logistics industry and its value chain, is evident from the emerging new business models which are disrupting the traditional norms.

The empowered executive

Employees of logistics providers and user companies are much more aware now and are utilizing toolsets and systems that enable them to deliver more. Whether it is performing mundane routine tasks or a high-value activity of decision making, automation has enabled the creation of both time and decision support systems to prioritize and focus on, thereby ensuring the shipments are not just planned, but are delivered within the planned parameters

IoT, AI, Data Analytics

Freight Crate Technologies
IoT has the potential to be the greater disrupter and enhance process and efficiency by offering greater visibility and control of the process in the supply chain system. Optimizing the cost, reducing cycle times, and transparent and efficient documentation – are seen as a minimum basic requirement today. The supply value chain is employing IoT to ensure that all relevant data is generated in a uniform and manageable dashboard format. Decision making support from AI algorithms and modelling is a norm for supporting decision making.

Experience, experience, experience

Integration of all areas of business activities is imperative for both small and big enterprises. Smart decision making, efficiency gains, timely execution, and transparent pricing models that impact profitability are both demanded and delivered by the logistics industry’s new age providers. It is all about enabling businesses that use logistics to plan and operate long term to re-organize their business models and market acquisition strategies, leading to improved experiences for shippers, carriers and value-added logistics players in the value chain.

Freight Crate Technology
Information flow faster, cheaper and transparent

All participants want to have information for their own use, in their own format, and at no cost. Is this possible? Yes. It is being delivered using the advancements of AI, machine learning and implementation of business intelligence systems. Sharing of data in standardized format and making available decision dashboards that can be easily understood, have become the norm. This development is enabling movement of information at a fast pace as required by buyers, shippers and other providers in the logistics supply chain. The underlying systems create a level of transparency, which is acceptable to all, and is improving day by day.

Transformation through digitisation

The moving parts of logistics are not just the goods that flow within, but the data that is created, generated and which dynamically changes during the course of logistic operations. Logistic service intermediaries of the new age are adept at using technology to interpret this dynamic data to provide cost-effective methods of shipment. Modelling and machine learning are aiding suppliers to deliver shipments efficiently and inexpensively to their clients. This transformation is self-propelled and unstoppable. The challenges it poses in terms of data magnitude and security is growing but is not a hindrance.

Logistics Trechnology

Overall, the advent of technology is leading to a culture of decision making based on data and not gut-feel. The gains in both quality and performance as delivered in a technology-powered logistics value chain are realized by both buyers and providers.

The growth in new-age logistic intermediaries armed with technology, is here to stay and provide an edge to their clients. Whether it is ad-hoc, regular or long term planned shipments, the ability to provide a quote electronically in a standardized format is enabling the logistics players to capture the opportunity with instant price modelling.

Clients of providers and clients of buyers are both relying upon the technology-enabled transparent and standardized data availability. This is creating a unique business model within the industry, enabling spot pricing, efficient logistics routing, and, above all, a satisfying experience for all involved.
A recent report of ICRA states that the Indian logistics sector is projected to record a growth of 7-9% in the current fiscal; however, the industry players' margins are likely to remain sensitive to risks like the rise in oil and commodity

Read more ...

Ashok Goyal, MD, BLR Logistiks, discusses the Indian logistics industry’s progress from a manual to an automated industry due to the increasing use of technology to drive efficiencies, reduce delays and accidents by eliminating

Read more ...

With over 35 years of experience, Tara Chand Logistic Solutions is today positioned amongst the leading infrastructure development service providers in India. Himanshu Aggarwal, Director, Tara Chand Logistic Solutions, discusses the company’s

Read more ...

Deepak Vig, COO, Barkat Cranes and Equipments, shares his views on what’s driving demand and competitiveness in the market for cranes, and gives information on his company’s capabilities in executing mega infra projects with their wide fleet

Read more ...

Kunal Gala, Director, shares his views on the growing influence of Chinese OEMs in the Indian market, and expresses the need for standardization and IoT to bring more transparency and efficiency in equipment management

Read more ...

Akshat Gala, Cheif Marketing Officer, Metro Groups, discusses the growing demand across industries for lifting heavier cargo, and the company’s aim to become a one-stop solution provider for all logistic requirements

Read more ...

Anshul Singhal, Managing Director, Welspun One Logistics Park, shares his views on the growing warehousing industry where technology is bringing greater efficiencies, and hails the Government’s Gati Shakti and the National Logistics

Read more ...

Sanket Sheth, Founder & Managing Director, ElixiaTech, is deploying technology to help reduce wastage of fuel, manpower, paper, time, and money, and in managing everything in the logistics sector - from fleet to material

Read more ...

Gaurav Bhushan, Founder, explains how EQUIP9™ - the first global start-up in the heavy equipment and material handling industry - will connect every entity in this industry by end-2023 and thereby simplify the complex construction business

Read more ...

Aditya Kale, Founder & CEO, Airattix, aims to bring together storage spaces across India and make them visible and accessible using a single portal. How are storage spaces across various industries and regions being utilized

Read more ...

Oomkar Kulkarnie, Head – Product and Technology, 1Pay, explains the concept of FASTag for making fuel and parking payments and regulating them pan India along with seamless dispute resolution features, and the 1Pay neo-banking platform

Read more ...

Hall Trucking Inc. is a Heavy Haul Trucking & Crane Service company located in Evansville, Wyoming. The company was one of the first to purchase Goldhofer’s new Highway Trailer P12 Plus in 2021. Available with one or two intermediate bogies

Read more ...

PT LV Logistics has set a new domestic record for the Indonesian heavy haul industry with the delivery of RFCC plant components to the Balikpapan refinery in East Kalimantan. The main actors included three Goldhofer PST/SL

Read more ...

After months of precision planning and engineering, Jumbo Shipping, now part of Jumbo-SAL-Alliance, has carried out the tailor-made transportation of offshore platform modules including living quarters module, helideck, and flare boom for client Kiewit Offshore Services

Read more ...

Lift and Shift India, a leading heavy-lift hauler and project logistics company, operating over 7 decades, continues its record-breaking streak in 2021, despite the Covid-19 restrictions. The company transported 3 LC Max Reactors

Read more ...

SCHEUERLE’s low-bed semi-trailers come with larger and new 285/70 R19.5 tyres that facilitate higher axle loads such as those requested by customers in Great Britain and all Scandinavian countries. The previous axle load using

Read more ...

Volvo Trucks India, a division of VE Commercial Vehicles (VECV), has launched 6 new trucks from the FM & FMX heavy-duty range. They come loaded with features to boost productivity, improve safety, and enhance driver comfort

Read more ...

Lift and Shift India Pvt. Ltd (LSPL), a leading heavy-lift operator and project logistics company, achieved a record-breaking milestone by handling the heaviest single Module weighing 4532 MT for

Read more ...

Jignesh Patel, Director- Projects, Nabros Transport, discusses the company’s capabilities in handling complex infra development projects, ably supported by tech-driven innovations, automation

Read more ...

Edwards Moving & Rigging was awarded the contract to transport two turbines and generators weighing 698,865lbs – 947,988lbs (317 t - 430 t) in Fort Lauderdale to a power plant about 12 miles

Read more ...

×
Sign-up for Free Subscription
'India Construction Week'
Weekly e-Newsletter on Construction Industry
Get the latest news, product launches, projects announced / awarded, government policies, investments, and expert views.