By Gautam Kumar, Co-Founder & COO, FarEye
Gone are those days when managing transportation was perceived as an afterthought. And thanks to uncompromising customer expectations this arm of a supply chain and logistics is now as important as planning procurement, managing inventory, and optimizing warehousing.
But seamless management of transportation is easier said than done. To begin with let’s clear the cloud that has been obscuring some important facts about transportation for quite some time now. Common myths like transportation will continue to be a cost center, it does not directly impact customer retention, the sector will remain unorganized, [...]
By Kushal Nahata, Co-founder & CEO, FarEye
Today’s customers are digitally connected, engaged and influenced. The phenomenon of the e-commerce industry has grown beyond comprehension in terms of volume, scale, markets and countries. With shopping online and at retail stores at the same time becoming a reality coupled with devices connecting every aspect of consumers’ lives, the shift is making way for the tidal wave of industry transition in the Middle East.
This has given a push to the e-commerce markets, a 246.15% increase in worldwide ecommerce sales, from $1.3 trillion in 2014 to $4.5 trillion in 2021. That’s a nearly threefold lift in online revenue. To [...]
The International Air Transport Association (IATA) called for governments to facilitate the growth of global connectivity by avoiding creeping re-regulation, maintaining the integrity of global standards, and addressing a capacity crisis.
The call came in the IATA Director General’s Report on the Air Transport Industry at the 74th IATA Annual General Meeting (AGM) and World Air Transport Summit.
“On aviation’s core mission to deliver safe, secure, accessible and sustainable connectivity, the state of our industry is strong and getting stronger. And with “normal” levels of profitability we are spreading aviation’s benefits even more widely. But there are challenges. [...]