[vc_row][vc_column][vc_column_text]In the near future, more of the merchandise would be on the road, rather than in warehouses. Technology will act as the enabler in leanmanagement, on-time deliveries and logistics management
Q Please provide a brief outline about LogiNext’s proprietary service offerings and how is it redefining logistics industry in general and surface transport industry in particular in terms of cost and time efficiency? How technology and innovation of business model is helping to bring efficiency in logistics industry? What are the benefits to your customers?
LogiNext has been transforming the logistics and field service management through our patented ‘self-learning’ algorithms that make sure that the intelligence gained while conducting logistics and resource management activities is not lost for the client. The learning is absorbed back into the system and is integrated in future planning algorithms, increasing their overall efficiency. Surface transport industry may seem stationary and unmoving at face value; however, the industry is continuously evolving at a very high speed. In our latest white paper on ‘Industry Trends in Field Service Optimization’, our simulation models predicted the industry would require the highest level of technology integration to stay ahead of the growth curve. Fleet and field management products such as LogiNextForceTM, MileTM, HaulTM, On-demandTM and ReverseTM have already set high industry benchmarks in terms of business value directed, with high cost savings across industrial domains. Clients have experienced a reduction in resources utilized by more than 20 per cent.
Q In the coming year what role technology is going to play as far as trucking and other surface transport sector is concerned? Aggregation of freight services have seen many players jump in for a slice. It is the next level of resource utilization and optimization. Companies such as FretLink have entered the market with heavy investment backing from big players like Daphni, Breega Capital, and Elaia Partners. As the freight forwarding industry moves ahead in the aggregation model, real-time tracking and route optimization would be the technology integrations first on the list. LogiNext has already partnered with such companies in the Middle- East and South Asia. As we substantiate our position in Europe, we would extend our success into more global markets, with a target of establishing ourselves in more than 100 countries within the next decade.
Q How will information technology, data, and real time mapping and analysis influence the surface transport sector?
With public transport companies like Uber and Ola, there was a learning period for the user, a training or ‘educating’ period where they were getting used to the ease of ride bookings. Once they familiarized themselves with the concepts, their expectations increased to better and quicker service standards. This expectation has driven the growth in the industry with a renewed focus on technology backed consumer features. Real-time tracking, constant in-transit alerts, and total end-to-end visibility have become a basic requirement. Such a concept has been underlined in our last white paper, The BISTA Analysis, which identifies the expectation stage of the average consumer, and its growth chart within the industry. To put it simply, if a consumer finds something thrilling today, then tomorrow, the same thing might seem basic and a given. The same concept can be extended to the commercial surface transport sector. Once the target audience is educated enough to accept technology as a benefactor, then the industry would evolve at a much higher pace.
Q Road transport sector is already giving stiff competition to rail, hence will it further disrupt other modes of transport?
How the face of the trucking industry will be in future?Moreover, What is your vision for LogiNext? With increased investment in the roads and highways, governments’ interest in infrastructure development has been well received across multiple industries. People are planning their future logistics with an added concentration on on-road logistics. There would always be a positon for a rail and in-land waterways and maritime shipments. However, when the cost benefit derived and the merchandise being transferred doesn’t justify the investment in traditional longhaul carriers (rail and waterways), then road transport would stand as the favored carrier. As we know that much of the merchandise transferred falls in the category where traditional carriers aren’t justified, road-transport would continue to thrive and grow in the future.
Q In recent times lot of interest has been shown by investors in technology companies in the logistics space. What makes these logistics technology solution providers an interesting proposition to investors?
In the near future, in any average company, more of its merchandise would be on the road, rather than in warehouses. With an added concentration on leanmanagement, on-time deliveries and logistics management, technology companies are destined to occupy a much bigger margin in the investment column. As more and more investment flows in logistics management, the logical industry development would be optimised to better the returns on these investments. Real-time tracking, field workforce management and automation, route optimization, fleet management software, and in general, logistics management software would be in-demand for many years from now.
Q How is the market growth for technology enabled logistics companies? What kind of investment that you see surface transport industry is making on technology?
As per ‘Industry Trends in Field Service Optimization’, surface transport industry is set to invest heavily in technology, bringing about a digital age within the industry which was previously unheard of. This would push market growth up, but due to the ideological resistance stemming from the philosophy, ‘this-is-howwe- used-to-do-it’, the change would take a little longer to take hold. However, in the next decade, the surface transport industry would see an awakening of sorts as far as technology acceptance and integration is concerned.
Q What is the major challenge before the companies like yours? Why a number of tech-driven logistics start-ups have not been able to sustain?
Being a tech-driven logistics solution provider is one thing, however, knowing the market, the industry, the client’s painareas, and the perfect solution to each such pain-area is the real differentiator. Being tech-driven is not the solution, enabling technology to function as a tool to solve the client’s problems is the real solution. LogiNext leverages technology, with the extended flexibility of being SaaS centered, to provide the best products which integrate with the client’s system and process all logistics bottlenecks and in-efficiencies and turn them around in, not just cost saving, but profit generating entities. This is why we are the fastest growing SaaS enterprise in Field Service and Logistics Management.[/vc_column_text][/vc_column][/vc_row]
