FarEye, a pioneer in enabling digital logistics, has achieved another milestone by winning a deal to work with Emirates Post, one of the largest post and parcel service provider in GCC (Gulf Cooperation Council) and Landmark Group, the largest retailer of the region.
The development 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 would be implementing data-driven routing engine to increase deliveries per hour and provide an engaging experience to the customers by empowering them to live track their shipments.
“The supply chain and logistics challenges of GCC are unique,” said Gautam Kumar, COO of FarEye.
“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 thrilled to work with the largest postal and retail players in the region and look forward to deliver exceptional levels of operational efficiencies and delightful customer experience.”
Kushal Nahata, CEO at FarEye, added: “Global logistics spending is set to soar to US$10.6trn by 2020 with transportation accounting for the majority at 70%.
“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.”