Connect with us

News

Freightwalla launches AI-Powered Cargo Tracker to help MSME Exporters and Importers

Published

on

NEW DELHI: India’s leading digital freight forwarder Freightwalla has launched a free supply chain automation platform, an intelligent shipment tracking service for MSME businesses. An advanced predictive analytics system will help exporters/importers to combat risk associated with shipment delays and improve supply chain efficiency free of cost.

The intelligent cargo navigation service backed by the latest ML algorithm will be available to all shippers, including local and global exporters and allied parties. Businesses can avail of the service at zero cost for tracking up to 20 containers per month.

According to the Maritime Executive, on average, “Four out of every ten containers (39 per cent) missed their scheduled sailing. At the same time, some significant carriers and ports reported rollover rates of over 50 per cent.” Whereas according to Sea-Intelligence’s Global Liner Performance (GLP) report, “Global shipping line schedule reliability has dropped to 34.9% in January 2021, the lowest in history.”

Today, shippers deal with multiple uncertainties like space constraints, equipment shortage, congestion at origin/destination ports, higher freight rates, and shipment delays. Furthermore, limited visibility into the movement of goods has also made tracking the shipment cumbersome and time-consuming. This has necessitated managers and cargo owners to consolidate data from multiple sources through process-intensive tasks such as phone calls, browsing websites and e-mail communications. Without real-time insights on cargo movement, handling these challenges is extremely difficult and negatively impacts the entire business.

Armed with a host of advanced tech features, the tracking service aims to resolve the challenges logistics managers face in the wake of the current global crisis in the EXIM industry. The tracking system records multiple data points over the complete shipment journey. The platform will employ ML (Machine Learning) algorithms capable of predicting shipment delays based on satellite tracking, port congestion, and other signals. It will thus offer access to predictive analytics to combat risks related to shipment schedules based on historical distribution.

Besides offering real-time tracking and ETA through a single dashboard, the tracker will also provide additional services such as carrier performance evaluation, predictive analytics to combat risks, and carrier schedule plan to optimize the supply chain. The service will be available to not only the cargo owners booking shipments through Freightwalla, but also the exporters/importers who wish to avail an intelligent tracking tool to plan and execute shipments effectively, regardless of the service provider they choose to work with.

Commenting on the development, Mr. Sanjay Bhatia, Co-founder & CEO, Freightwalla, said, “The pandemic has completely changed the dynamics of world trade whereby the need for real-time tracking and intelligent post-shipment solutions have become even more crucial. Tracking as a Service is a new-age disruptive technology that will enable smart tracking and offer advanced predictive analytics, thus empowering exporters to undertake intelligent and informed decisions. It is now more critical than ever to be able to pre-empt logistics challenges so that the buyer-supplier relationship is not hindered by the uncertainties of today’s shipping industry. Enhanced visibility and real-time intelligence will help drive transparency and sustainability across supply chains, thereby paving the way for healthy business ties.”

Freightwalla has partnered with 60+ shipping lines to enable exporters and importers to track containers across multiple carriers seamlessly from a single platform. The service will offer a unified and real-time view of all shipments, including transshipment carrier tracking for advanced supply chain planning and eliminate manual tracking. Besides, the platform will capture several data points such as shipment departure, arrival time, and ports visited.

The digital freight forwarder aims to bring transparency and visibility in the shipping and logistics sector, modernize the operations across the supply chain and contribute to the government’s Ease of Doing Business in India.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Appointments

Airtel appoints former Cabinet Secretary as independent director

Published

on

NEW DELHI: Bharti Airtel, India’s premier communications solutions provider, today announced the appointment of PK Sinha and Shyamal Mukherjee as Independent Directors on its Board of Directors. The appointments are subject to approval by shareholders at Airtel’s upcoming Annual General Meeting.

PK Sinha, IAS (Retd.), served as the Cabinet Secretary for more than 4 years before moving to the Prime Minister’s Office. He retired from there in March 2021 after 44 years of continuous service to the nation. He has been a Government nominee Director in numerous major Public Sector Undertakings and is well versed with the principles of healthy corporate governance.

Shyamal Mukherjee is the former Chairman and Senior Partner of PwC lndia and was at the forefront of making PwC a future-ready firm. Shyamal began his professional journey with PwC in 1984 and became a partner in 1993. He held several leadership roles at PwC India, including Brand & Strategy leader and Leader of India Tax practice. Shyamal also serves as an Independent Director on the board of ITC Ltd and a member of its Audit Committee.

The Company added that Manish Kejriwal, Lead Independent Director, would be retiring on September 25, 2022 on completion of his second tenure. Shishir Priyadarshi would be leaving the board with effect from October 31, 2022 to devote time towards his other professior,21 commitments. D. K. Mittal IAS (Retd.), would be designated as Lead Independent Director with effect from September 26, 2022.

Sunil Bharti Mittal, Chairman, Bharti Airtel said: “Airtel takes pride in having one of the most distinguished Board of Directors that is committed to high standards of corporate governance. These appointments are made with a long term view – to make the board future-ready, address the long term requirements of the Company and ensure smooth transition in key board positions. On behalf of the Board, I welcome PK Sinha and Shyamal Mukherjee and their valuable experience will add immense value to Airtel’s growth journey. I also want to thank fv1ani:;h Kejriwal and Shishir Priyadarshi for their tremendous contribution to Airtel.”

Continue Reading

5g

Narendra Modi inaugurates India’s first 5G testbed; says aims to roll out 6G end of decade

Published

on

NEW DELHI: India is targeting the rollout of 6G telecom network, which will provide ultra high speed internet connectivity, by the end of the decade, Prime Minister Narendra Modi said on Tuesday.

India currently has 3G and 4G telecom networks and companies are gearing up to launch 5G over the next few months.

Speaking at the silver jubilee event of telecom sector regulator TRAI here, he said it is estimated that the 5G network rollout will add USD 450 billion to the Indian economy.

“This is not just increasing internet speed but also the pace of development and creating jobs,” he said, adding the 5G technology will bring positive change in governance of the country, ease of living and ease of doing business.

It will boost growth in agriculture, health, education, infrastructure and logistics, he said.

Connectivity, Modi said, will decide the progress of the country in the 21st century and so modern day infrastructure needs to be rolled out.

According to the prime minister, a task force has started work on rolling out 6G network by the end of the decade.

Taking potshots at the previous Congress-led UPA government, Modi said the 2G era was symbolic of policy paralysis and corruption.

The country, under his government, has moved transparently to 4G and is now going to 5G.

Teledensity and internet users are fast expanding, he said, adding that mobile manufacturing units in India have expanded from 2 to over 200 and the country is now the world’s biggest mobile manufacturing hub.

The prime minister also said that his government has encouraged healthy competition that has led to India having one of the cheapest telecom data charges in the world.

Indigenous 5G test bed in telecom sector is an important step in India’s self-reliance, he added.

PM Modi virtually inaugurates India’s first 5G testbed costing Rs 220 crore

Prime Minister Narendra Modi on Tuesday inaugurated the country’s first 5G testbed to enable startups and industry players to test and validate their products locally and reduce dependence on foreign facilities.

The testbed has been set up at a cost of around Rs 220 crore. Speaking at the silver jubilee celebrations of the Telecom Regulatory Authority of India (Trai), the Prime Minister said the 5G testbed is an important step for self-reliance in the direction of critical and modern technologies.

“I invite youth friends, researchers and companies to utilise the testing facility for making 5G technology,” Modi said.

The 5G testbed has been developed as a multi-institute collaborative project by eight institutes led by IIT Madras.

In the absence of a 5G testbed, startups and other industry players were required to go abroad to test and validate their products for installation in a 5G network.

The other institutes that participated in the project are IIT Delhi, IIT Hyderabad, IIT Bombay, IIT Kanpur, IISc Bangalore, Society for Applied Microwave Electronics Engineering & Research (SAMEER) and Centre of Excellence in Wireless Technology (CEWiT).

The testbed facility will be available at 5 different locations.

Source: Press Trust of India

Continue Reading

5g

5G now in 1947 cities across 72 countries

Published

on

NEW DELHI: Viavi Solutions said that it has released new industry data revealing that the number of cities with 5G networks now stands at 1,947 globally. Despite the pandemic, 5G cities came online at a rate of nearly two per day, with the addition of 635 new 5G cities in 2021, according to the new VIAVI report “The State of 5G,” now in its sixth year.

By the end of January 2022, 72 countries had 5G networks in place, with the newest crop of 5G countries comprising Argentina, Bhutan, Kenya, Kazakhstan, Malaysia, Malta and Mauritius, which all came online in the second half of 2021. Europe, Middle East & Africa (EMEA) has overtaken Asia Pacific including Greater China (APAC) to become the region with the most 5G cities at 839. APAC has 689 5G cities and the Americas has 419.

Not surprisingly, the world’s two largest economies, the United States and China are the countries with the most 5G cities. China now has 356 5G cities and the United States has 296. The Philippines remained in the third spot globally with a total of 98 5G cities.

Currently, most 5G networks deployed are Non-Standalone (NSA) networks, meaning that 5G equipment is added to existing 4G network infrastructure. There are currently 24 Standalone (SA) 5G networks globally, meaning that they have been built using a new 5G core network. It is widely considered that many of the next-generation use cases and monetization models associated with 5G, beyond enhanced Mobile Broadband (eMBB) will only be possible when Standalone 5G networks built on new 5G core networks are in place.

The State of 5G also highlights the growing Open RAN ecosystem, combining mobile operators as well as software and infrastructure vendors, seeking to develop an open, virtualized Radio Access Network (RAN) with embedded Artificial Intelligence (AI) control. As of March 2022, 64 operators have publicly announced their participation in the development of Open RAN networks. This breaks down to 23 live deployments of Open RAN networks, 34 in the trial phase with a further seven operators that have publicly announced they are in the pre-trial phase.

“5G continued to expand, despite the headwinds of a global pandemic,” said Sameh Yamany, CTO, VIAVI Solutions. “What comes next in 5G is the reinforcement of networks. This will take a couple of forms. Firstly, we expect to see more Standalone 5G networks, which will deliver on much of the promise of 5G, both for the operator and for the wider ecosystem of users. And secondly, we expect to see Open RAN continue its rapid development and start to become a de facto standard. VIAVI will continue to play a central role in testing those new networks as they are built and expanded.”

Continue Reading

Trending