FarEye, a digital logistics firm, has won a deal to work with Emirates Post, one of the largest post and parcel service provider in the Gulf region, and retail giant Landmark Group.
This agreement comes at a time when supply chain and logistics organisations in GCC are looking for ways to deliver on changing customer expectations, ensure rapid scalability, locate addresses accurately and gain competitive advantage.
As a part of the deal, FarEye will implement an intelligent delivery platform to achieve on-time deliveries at a reduced cost, it said in a statement.
It added that it will implement a data-driven routing engine to increase deliveries per hour and enable customers to live track their shipments.
“The supply chain and logistics challenges of GCC are unique. The sudden need to scale during particular festivals, inaccurate addresses, changing cross-border regulation requirements among others often becomes a roadblock when it comes to ensuring seamless execution of supply chain and logistics... We are scaling our team in the region and seeing tremendous potential here,” said Gautam Kumar, COO, FarEye.
Global logistics spending is forecast to soar to $10.6 trillion by 2020 with transportation accounting for the majority at 70 percent.
"Shippers are losing a lot of time, money and inventory due to unpredicted freight movement. We are constantly working towards empowering global leaders with predictive visibility and operational intelligence to achieve on-time deliveries at a reduced cost,” added Kushal Nahata, CEO, FarEye.
Headquartered in Delhi, FarEye has global offices in California, Dubai, London, and Singapore.For all the latest tech news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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