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.
Is India’s Logistics Future Ready?
The National Logistics Policy (NLP) aims to build a tech-led logistics ecosystem in India and create data-driven tools that help create a better logistics environment. The logistics sector in the country is largely unorganized and fragmented, resulting

Read more ...

Outlook for Road Logistics Sector Remains Stable: ICRA
Favourable demand sentiments continue to drive growth momentum for the road logistics sector. Following a healthy growth in FY2022, the accelerated pace of business activities is expected to continue to support the Indian road logistics sector’s growth

Read more ...

2023 to be the Year of Democratisation of Warehousing in India
As we look forward to 2023, the warehousing sector is poised to follow a steep growth curve, attracting significant investments from across the globe, and democratising the sector by increasing the involvement of small developers, landowners, and expansion

Read more ...

Sheroes of the Logistics Industry
Navigating the Road to Gender Diversity and Inclusion. The logistics industry is experiencing a change towards increased representation of women, as technology and societal changes open up new opportunities for them. Advances in technology have made

Read more ...

Shantha Martin, CEO - Global Freight Forwarding NTC Logistics India (P) Limited
The logistics and supply chain industry, which is embracing gender diversity, offers diverse professional and technological opportunities for women, with government initiatives aimed at providing equal opportunities and empowering women in

Read more ...

Chaitaly Mehta, Director - EKF GLOBAL Logistics  Pvt Ltd
The logistics industry is evolving with new technologies, market trends, and customer demands, and is becoming more inclusive and welcoming to diverse perspectives and skill sets, particularly in the participation and representation of women. According to

Read more ...

Kruti Jobanputra, Director - JW Ventures
The Indian government has taken significant steps to improve the working conditions for women in the logistics industry, with a focus on sanitation and safety. We hope that this effort will also change the discriminatory mindset at the grassroot level

Read more ...

Mahima Agarwal, President HR - CJ Darcl Logistics
At CJ Darcl, we have implemented various initiatives to promote a safe and inclusive environment for women in the logistics industry, including Code of Conduct training and POSH awareness program. We are also committed to expanding job opportunities for

Read more ...

Shweta Singh, Regional Head - Freight Wings
I firmly believe that our mindset plays a crucial role in achieving success. The idea that "believe in yourself" holds true, as gender-based equation never becomes a roadblock for a go-getter. As I traveled and worked in various countries in the APAC

Read more ...

Sanjna Vardhan, GM, International Business - Procam Group
The logistics industry is becoming more inclusive, with automation, e-commerce and technological advancements breaking barriers and creating opportunities for women, while organizations are working towards generating awareness and empowering women

Read more ...

Ruchita Apte, Head of Finance - KSH Logistics
Increased police patrolling in warehousing and industrial areas, and an increased presence of female staff in police stations can help create a more secure and welcoming environment for women in the industry. The logistics and supply chain industry has

Read more ...

Zaiba Sarang, co-Founder - iThink Logistics
At iThink Logistics, we are committed to making the logistics industry more inclusive for women. We understand that female employees may face unique challenges in the workplace, and so we have implemented policies like menstrual leave policy and full-body

Read more ...

Trends that will Reshape: Logistics Industry
The logistics industry is expanding due to the tech-savvy customers and their demand for faster deliveries. Businesses will now have to focus on growing their operations and ensuring cost-effective delivery services, enhance their supply chain management

Read more ...

Industrial and Warehousing Demand in 2022 up by 8%: Colliers
The year 2022 saw 24.5 million sqft of industrial and warehousing demand, up by 8% on a YoY basis, across the top 5 cities of India. Average quarterly leasing during 2022 remained strong at 6.1 mn sqft from 5.7 mn sqft in 2021. Third-party logistics players

Read more ...

National Logistics Policy - A Guide and Driving Force for India’s New Phase of Growth
In a visionary move, Prime Minister Narendra Modi has launched the National Logistics Policy to improve the competitiveness of Indian goods, enhance economic growth and development of infrastructure, and increase

Read more ...

Favourable demand sentiments support growth momentum for road logistics sector; outlook remains stable: ICRA
The domestic road logistics sector is expected to continue its growth momentum in FY2023 supported by the accelerated pace of business activities, following a healthy growth in FY2022. Ratings agency, ICRA maintains

Read more ...

Strong demand drives industrial and warehousing leasing by 9% YoY: Colliers
During Jan-Sep 2022, Industrial & Warehousing demand witnessed a 9% rise on a YoY basis with a total gross absorption of 17.5 mn sqft across the top 5 cities in India. Demand remained resilient during the third

Read more ...

World premiere of Goldhofer FT Series
With the presentation of Goldhofer’s latest world first in the form of the »FT-SERIES« at bauma Munich 2022, we have definitely hit the bull’s eye and introduced a vehicle that will change the transportation market for years

Read more ...

Faymonville Group showcases three product brands: MAX Trailer, Faymonville, and Cometto at bauma Munich
The new BladeMAX1000 from Cometto made its world premiere at bauma Munich. With a lifting capacity of 1000 mT, this blade lifter is by far the strongest of its kind on the market. Such a special vehicle is used to safely transport the latest

Read more ...

Innovative, economical, and practical transport solutions from TII
Transport and manoeuvring solutions from TII offer unlimited application possibilities. At bauma 2022, TII brands, TII SCHEUERLE and TII KAMAG expanded their range of transport solutions and value-added services for the construction and energy

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.
Click here to subscribe.
×