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Month: April 2024

Expansion of Temperature-controlled Perishables Hub

Posted on by Keith McKinley

IAG Cargo, the cargo division of International Airlines Group (IAG), has recently invested €1.5 million into the expansion of its temperature-controlled perishables facility in Madrid. This forms part of a total €12 million invested in the business’ Spanish hub over the last 6 years.

As the first point of entry into the EU for perishables, IAG Cargo boasts an extensive network of connections from Latin America, with Madrid serving as a vital centre for distribution of produce across the region. This investment will increase the total capacity of the facility by 45% and will home 1,340 square metres of dedicated temperature-controlled space for perishable goods, offering customers the largest cooling chambers at Madrid airport. These chambers bring improved reliability and efficiency to IAG Cargo’s cold chain operations in Europe and are monitored 24/7 to ensure temperature sensitive goods are held in the correct conditions.

Fernando Terol Armas, Director of Spanish Hub and Operations at IAG Cargo said: “We are thrilled to announce this latest investment in our Madrid facility, which further demonstrates our commitment to providing the highest quality service to our customers. With the expansion of our temperature-controlled space and state-of-the-art cooling chambers, we can now offer even greater capacity for perishable goods, ensuring their integrity is maintained throughout the supply chain. This investment will enable us to continue to serve as a vital link between Latin America and Europe, and we look forward to supporting our customers’ growth in this region.”

Ramon Rey, International Director of Eurobanan that houses tropical fruit brand Isla Bonita added, “We are delighted by the additional capacity IAG Cargo has created at their perishables facility in Madrid. This development will allow us to continue delivering premium quality fruits and vegetables to consumers across Spain year-round. With enhanced logistics, IAG Cargo enables us to ensure that freshness is never compromised.”

The expansion of this facility will benefit customers importing fruit and vegetables, including asparagus from Peru and Los Angeles, papayas from Brazil, and mangos from Dominican Republic, as well as meat from Argentina and Uruguay, and fish, such as hake and salmon, from Chile.

read more

New Madrid-Basel Service For IAG Cargo

 

Expansion of Temperature-controlled Perishables Hub

Posted on by David Priestman

IAG Cargo, the cargo division of International Airlines Group (IAG), has recently invested €1.5 million into the expansion of its temperature-controlled perishables facility in Madrid. This forms part of a total €12 million invested in the business’ Spanish hub over the last 6 years.

As the first point of entry into the EU for perishables, IAG Cargo boasts an extensive network of connections from Latin America, with Madrid serving as a vital centre for distribution of produce across the region. This investment will increase the total capacity of the facility by 45% and will home 1,340 square metres of dedicated temperature-controlled space for perishable goods, offering customers the largest cooling chambers at Madrid airport. These chambers bring improved reliability and efficiency to IAG Cargo’s cold chain operations in Europe and are monitored 24/7 to ensure temperature sensitive goods are held in the correct conditions.

Fernando Terol Armas, Director of Spanish Hub and Operations at IAG Cargo said: “We are thrilled to announce this latest investment in our Madrid facility, which further demonstrates our commitment to providing the highest quality service to our customers. With the expansion of our temperature-controlled space and state-of-the-art cooling chambers, we can now offer even greater capacity for perishable goods, ensuring their integrity is maintained throughout the supply chain. This investment will enable us to continue to serve as a vital link between Latin America and Europe, and we look forward to supporting our customers’ growth in this region.”

Ramon Rey, International Director of Eurobanan that houses tropical fruit brand Isla Bonita added, “We are delighted by the additional capacity IAG Cargo has created at their perishables facility in Madrid. This development will allow us to continue delivering premium quality fruits and vegetables to consumers across Spain year-round. With enhanced logistics, IAG Cargo enables us to ensure that freshness is never compromised.”

The expansion of this facility will benefit customers importing fruit and vegetables, including asparagus from Peru and Los Angeles, papayas from Brazil, and mangos from Dominican Republic, as well as meat from Argentina and Uruguay, and fish, such as hake and salmon, from Chile.

read more

New Madrid-Basel Service For IAG Cargo

 

4 Factors Driving Change In Industrial Manufacturing

Posted on by Keith McKinley

Robert O’Donoghue from Hyster Europe reveals the key trends and challenges affecting industrial manufacturing warehouse operations and discusses how Hyster® materials handling equipment is responding to changing requirements.

1. Labour market challenges

Shortages of warehouse staff and lift truck operators remain widespread. In addition, many industrial employers are experiencing a high staff turnover in certain areas of their operation, such as order picking. An important consideration with a stretched workforce is the individual operator’s needs. Warehouse equipment should be designed for operator comfort to help deliver the best productivity levels. However, ergonomic design and operator assist features can also play an important role in keeping equipment operators motivated and content, which may help support better staff retention.

In situations with a high staff turnover, it is also important that warehouse equipment, such as order pickers, stackers, and pallet trucks, are simple to use and easy to get started with after training.
These factors have been accounted for across the range of Hyster warehouse equipment. For instance, the Hyster S2.0SD Platform Double Stacker is built with an operator centric design that features a large platform with rubber floormat to provide excellent grip and side/rear operator compartment panels. Additional options to enhance the operator experience include multipurpose bars and clamps, clipboard, and a bottle holder.

2. Booming Demand

Property costs and rental rates have increased, making the price of warehouse floorspace more costly per square metre. At the same time, industrial manufacturers need to adapt to seasonal and cyclical fluctuations in demand for their products. Warehouses are increasingly storing more product lines. Loads need to be handled with high precision for maximum efficiency, and to avoid damage. Traceability is important, so more warehouses are adopting management software and devices, like barcode scanners, to promote high accuracy, and, in turn, customer satisfaction.
However, more stock means that more room is needed. To increase pallet spaces on the same footprint, some Hyster customers have been raising racking heights in the warehouse. In response to this, the Hyster R1.4-2.5 Reach Truck series was updated to incorporate a 14-metre mast for the R2.0HD model as a standard option.

Some industrial manufacturing applications are also now storing items outdoors to maximise use of their space. These businesses need trucks that can be used both inside and outside to optimise their fleets, and costs. The robust new Hyster RO1.6-2.0 Reach Truck models, for lifts up to two tonnes, are designed to work outdoors, as well as in indoor warehouses. They feature Super Elastic Tyres for load and drive wheels that suit conditions in an outdoor storage yard, plus heating and wiper options, allow the truck to be tailored for outdoor use as needed.

3. Environmental awareness

An increased focus on environmental and sustainability objectives is resulting in some businesses considering their power options for materials handling equipment more closely. Lithium-ion batteries are often a popular choice for these operations. The latest lines of Hyster warehouse equipment respond to this with lithium-ion battery options. For instance, when specified with a lithium-ion battery, the new Hyster Outdoor Reach Truck requires no off-gassing or watering and there is no risk of acid spills. Lithium-ion batteries may also drive high productivity. They enable rapid opportunity charging during breaks, with no adverse effect on the battery, to support multi-shift operations and maximise fleet uptime.

Transitioning to lithium-ion needs to be quick and easy. The Hyster S2.0D Platform Double Stacker, for example, is designed to be ‘lithium-ion ready’, with a controller that automatically recognises the chemistry of the battery (lithium-ion vs. lead-acid). This means there is no need to manually change any parameters to manage the battery. The best power option will always depend on the particular application’s needs.

4. The growth of automation

Some businesses are exploring opportunities for automation to help fill the gaps in their talent pool. At the same time, technology is often becoming more accessible and affordable.
Robotic warehouse equipment and lift trucks may help companies to optimise their workforce, automating repetitive tasks and allocating human resource to more value-added activities.
Hyster Robotics can help. The solution enables Hyster Robotic lift trucks and warehouse equipment to be used by human operators if needed and does not require extensive changes to warehouse infrastructure. Therefore, if the warehouse needs to change or expand, the robotic equipment can be adapted without the whole automation project having to start from scratch.

read more

Hyster Launches 7-9T Range With Fully-Integrated Lithium-ion

 

4 Factors Driving Change In Industrial Manufacturing

Posted on by David Priestman

Robert O’Donoghue from Hyster Europe reveals the key trends and challenges affecting industrial manufacturing warehouse operations and discusses how Hyster® materials handling equipment is responding to changing requirements.

1. Labour market challenges

Shortages of warehouse staff and lift truck operators remain widespread. In addition, many industrial employers are experiencing a high staff turnover in certain areas of their operation, such as order picking. An important consideration with a stretched workforce is the individual operator’s needs. Warehouse equipment should be designed for operator comfort to help deliver the best productivity levels. However, ergonomic design and operator assist features can also play an important role in keeping equipment operators motivated and content, which may help support better staff retention.

In situations with a high staff turnover, it is also important that warehouse equipment, such as order pickers, stackers, and pallet trucks, are simple to use and easy to get started with after training.
These factors have been accounted for across the range of Hyster warehouse equipment. For instance, the Hyster S2.0SD Platform Double Stacker is built with an operator centric design that features a large platform with rubber floormat to provide excellent grip and side/rear operator compartment panels. Additional options to enhance the operator experience include multipurpose bars and clamps, clipboard, and a bottle holder.

2. Booming Demand

Property costs and rental rates have increased, making the price of warehouse floorspace more costly per square metre. At the same time, industrial manufacturers need to adapt to seasonal and cyclical fluctuations in demand for their products. Warehouses are increasingly storing more product lines. Loads need to be handled with high precision for maximum efficiency, and to avoid damage. Traceability is important, so more warehouses are adopting management software and devices, like barcode scanners, to promote high accuracy, and, in turn, customer satisfaction.
However, more stock means that more room is needed. To increase pallet spaces on the same footprint, some Hyster customers have been raising racking heights in the warehouse. In response to this, the Hyster R1.4-2.5 Reach Truck series was updated to incorporate a 14-metre mast for the R2.0HD model as a standard option.

Some industrial manufacturing applications are also now storing items outdoors to maximise use of their space. These businesses need trucks that can be used both inside and outside to optimise their fleets, and costs. The robust new Hyster RO1.6-2.0 Reach Truck models, for lifts up to two tonnes, are designed to work outdoors, as well as in indoor warehouses. They feature Super Elastic Tyres for load and drive wheels that suit conditions in an outdoor storage yard, plus heating and wiper options, allow the truck to be tailored for outdoor use as needed.

3. Environmental awareness

An increased focus on environmental and sustainability objectives is resulting in some businesses considering their power options for materials handling equipment more closely. Lithium-ion batteries are often a popular choice for these operations. The latest lines of Hyster warehouse equipment respond to this with lithium-ion battery options. For instance, when specified with a lithium-ion battery, the new Hyster Outdoor Reach Truck requires no off-gassing or watering and there is no risk of acid spills. Lithium-ion batteries may also drive high productivity. They enable rapid opportunity charging during breaks, with no adverse effect on the battery, to support multi-shift operations and maximise fleet uptime.

Transitioning to lithium-ion needs to be quick and easy. The Hyster S2.0D Platform Double Stacker, for example, is designed to be ‘lithium-ion ready’, with a controller that automatically recognises the chemistry of the battery (lithium-ion vs. lead-acid). This means there is no need to manually change any parameters to manage the battery. The best power option will always depend on the particular application’s needs.

4. The growth of automation

Some businesses are exploring opportunities for automation to help fill the gaps in their talent pool. At the same time, technology is often becoming more accessible and affordable.
Robotic warehouse equipment and lift trucks may help companies to optimise their workforce, automating repetitive tasks and allocating human resource to more value-added activities.
Hyster Robotics can help. The solution enables Hyster Robotic lift trucks and warehouse equipment to be used by human operators if needed and does not require extensive changes to warehouse infrastructure. Therefore, if the warehouse needs to change or expand, the robotic equipment can be adapted without the whole automation project having to start from scratch.

read more

Hyster Launches 7-9T Range With Fully-Integrated Lithium-ion

 

How to get an Accurate Cost for Mezzanine

Posted on by David Priestman

In order to receive the best mezzanine design and to achieve an accurate quotation it is key to supply the right information early on, advise MiTek Mezzanine.

Designing a mezzanine floor is a complicated process, with a whole host of factors to take into consideration. When it comes to construction, the biggest factors will typically be the type and amount of steel used, along with the installation time required. The design stage is critical – it’s the opportunity to find the ‘sweet spot’ that provides sufficient strength and rigidity for your current and future needs but minimises overall cost.

Load capacity

The first thing to think about is the required load capacity. Do you need the same capacity across the whole platform, or across all floors in a multi-level solution? If not, it may be possible to use a hybrid mezzanine (constructed from hot-rolled and cold-formed steel) for the areas with higher loading and a cold-formed floor elsewhere. For example, if you need strength for pallet conveyors, we can use hot-rolled beams underneath just this section.

Slab condition

Another important consideration is the condition of your slab. A poor base will support a lower column load, meaning your mezzanine will need more columns. This adds cost in terms of both material and installation (as well as limiting how you can use the space below). As these costs multiply up over large floors, it may pay for you to invest in your slab instead.

Deflection limits

If you require less deflection – for example, due to sensitive equipment or if you’re using your floor for offices – you will need a more rigid structure. This means bulkier joists and beams, adding to the cost of your steelwork. Bracing affects cost too. While a fully braced frame is standard, moment frames can be specified as an alternative. Having an unbraced structure will typically increase costs by between 10 and 15%, due to different components being required. The geographic location of your mezzanine is another crucial factor here. If your project is in a seismic area – parts of Italy, for example – it’s really important to have early engagement with the mezzanine company, as seismic designs are not straightforward.

Site conditions

As installation costs form a significant proportion of the total cost of a mezzanine, factors that hamper work on site have a large impact. Will working hours or physical access be limited? Will specialist plant be required and will the presence of other contractors affect the build sequence? Then there are the required fire and decking specifications, plus the number of accessories – such as stairways and pallet gates – required.

With so many factors to consider, it is imperative that your mezzanine supplier receives as much information as possible. This is why MiTek provides a comprehensive RFQ (request for quotation) document for potential customers to complete. Of course, we’re happy to give you a ballpark price, but a detailed specification will avoid nasty surprises later on! When you receive quotes from mezzanine companies, check whether you’re comparing like for like. For example, have all Health & Safety measures been considered, such as the need for safety netting and edge protection? Look for accreditations that will give you peace of mind.

read more

Mezzanine Floors Help Warehouses Save

 

How to get an Accurate Cost for Mezzanine

Posted on by Keith McKinley

In order to receive the best mezzanine design and to achieve an accurate quotation it is key to supply the right information early on, advise MiTek Mezzanine.

Designing a mezzanine floor is a complicated process, with a whole host of factors to take into consideration. When it comes to construction, the biggest factors will typically be the type and amount of steel used, along with the installation time required. The design stage is critical – it’s the opportunity to find the ‘sweet spot’ that provides sufficient strength and rigidity for your current and future needs but minimises overall cost.

Load capacity

The first thing to think about is the required load capacity. Do you need the same capacity across the whole platform, or across all floors in a multi-level solution? If not, it may be possible to use a hybrid mezzanine (constructed from hot-rolled and cold-formed steel) for the areas with higher loading and a cold-formed floor elsewhere. For example, if you need strength for pallet conveyors, we can use hot-rolled beams underneath just this section.

Slab condition

Another important consideration is the condition of your slab. A poor base will support a lower column load, meaning your mezzanine will need more columns. This adds cost in terms of both material and installation (as well as limiting how you can use the space below). As these costs multiply up over large floors, it may pay for you to invest in your slab instead.

Deflection limits

If you require less deflection – for example, due to sensitive equipment or if you’re using your floor for offices – you will need a more rigid structure. This means bulkier joists and beams, adding to the cost of your steelwork. Bracing affects cost too. While a fully braced frame is standard, moment frames can be specified as an alternative. Having an unbraced structure will typically increase costs by between 10 and 15%, due to different components being required. The geographic location of your mezzanine is another crucial factor here. If your project is in a seismic area – parts of Italy, for example – it’s really important to have early engagement with the mezzanine company, as seismic designs are not straightforward.

Site conditions

As installation costs form a significant proportion of the total cost of a mezzanine, factors that hamper work on site have a large impact. Will working hours or physical access be limited? Will specialist plant be required and will the presence of other contractors affect the build sequence? Then there are the required fire and decking specifications, plus the number of accessories – such as stairways and pallet gates – required.

With so many factors to consider, it is imperative that your mezzanine supplier receives as much information as possible. This is why MiTek provides a comprehensive RFQ (request for quotation) document for potential customers to complete. Of course, we’re happy to give you a ballpark price, but a detailed specification will avoid nasty surprises later on! When you receive quotes from mezzanine companies, check whether you’re comparing like for like. For example, have all Health & Safety measures been considered, such as the need for safety netting and edge protection? Look for accreditations that will give you peace of mind.

read more

Mezzanine Floors Help Warehouses Save

 

Dematic Completes Commissioning of AutoStore Project

Posted on by David Priestman

Dematic has recently finalised the delivery and installation of an AutoStore system for Righi Elettroservizi SpA, a leading Italian company in industrial automation, system integration and information technology.

“We have been impressed by Dematic’s global network of industry expertise and its organisational structure, which allows it to efficiently implement the type of high-priority solutions required by our management,” explains Luca Righi, Operation and Supply manager.

The difficulty of material procurement had grown into a global challenge over the last two years, impacting the daily business at Righi Elettroservizi, which determined it needed to develop a quick response to the changed supply chain environment to remain on course with its growth strategy. The company operates nationally and worldwide either directly or through subsidiaries. Thus, its aim was to improve its storage and performance of its production order preparation.

As a response to the ongoing supply chain challenges, Righi Elettroservici targeted expanding its warehouse stock to cope with longer lead times with replenishment seen as a critical component of its strategy. Headquartered in Mercato Saraceno, not far from coastal town Rimini, the company was convinced the Dematic solution would be the best response to the global supply challenges at its site location.

The compact goods-to-person automated storage and retrieval system installed by Dematic, a global leader in the design, installation and support of intelligent automated solutions, requires no additional floor space and facilitates storage of supplemental stock. Installed on an area of 170 square metres (1,830 square feet) the stand-alone system can provide storage for up to 480 cubic metres (5,167 cubic feet) of products. The solution incorporates a 16-level grid with 5,800 bins (330 mm), seven R5 robots and two picking carousel ports as well as a single put-away carousel port.

The automated solution has been integrated into the company’s existing materials storage environment, providing a boost in efficiency, quality and safety. It has also proven to be instrumental in faster and more accurate handling of large quantities of items, which has led to more efficient management of anticipated increases in production volumes.

With the Dematic solution, which took 11 months to complete, the expectation is to accelerate order completion as well as to quickly accommodate customer demands, raising their level of satisfaction. A pick is now completed in 35 seconds, which represents a time savings of nearly 50 percent.

Commissioning of AutoStore

The Dematic solution has also led to marked improvement in material traceability and Righi can more easily pinpoint the path of the material – arrival, storage and exit – within its facility. An added benefit has been the full integration of the Autostore™ system with the company’s previously installed warehouse management system without any new software investment. It has allowed warehouse operators to continue managing the material flow using a system they were already familiar with.

Rosario Filomena, a sales manager with Dematic, comments, “the system provides the benefits the customer anticipated for handling the materials needed for switchboard production, And Righi Elettroservizi, which has been a longtime supplier to Dematic, has become one of our best customers!”

read more

AutoStore Joins Dematic’s Supply Chain Optimisation Portfolio

 

Thames Light Freight Project Looking for Partners

Posted on by David Priestman

The Thames Estuary Growth Board (The Growth Board) is seeking partners to join a landmark project aimed at tackling London’s congestion and pollution by shifting light freight transport from the city’s roads to the River Thames. The project, aims to reduce the number of Heavy Goods Vehicles (HGVs) on the streets, reducing congestion and pollution throughout the city.

Supported by the recent award of a Transport Research and Innovation Grant (TRIG) to the Growth Board by the Department for Transport (DfT), UK, and Connected Places Catapult (CPC). The RULE (Riverside Urban Logistics Environment) Project will focus on innovative and sustainable solutions to the challenges of the end-to-end supply chain, including river light freight and parcel deliveries across the Thames Estuary and London. More than that, it aims to set standards and a new benchmark for sustainable urban transport, for the whole of the UK.

The RULE project is driven by a visionary approach to an end-to-end supply chain and is part of a broader mission to transform transportation. It will contribute to the UK’s goal of achieving net zero emissions and aligns with other cutting-edge projects such as developing AI tools for managing railway station passenger flows and pioneering hydrogen refuelling systems.

Call for Partners

Organisations passionate about making a tangible difference in sustainable transport are invited to express their interest in partnering with the Growth Board. This is a unique opportunity to be at the heart of a project poised to redefine the future of transportation and logistics

“The Growth Board has an ambitious vision and are looking to unite those already involved in river freight with new innovators. We invite operators, logistics providers, and anyone with fresh ideas to join us in transforming urban transport.” Gyula Törzsök, Portfolio Director, Logistics, Digital and Green Spaces, Thames Estuary Growth Board.

Key Details:
All organisations, from startups to established industry leaders, interested in contributing to this groundbreaking project, are encouraged to do so at thamesestuary.info/RULE . The team will contact you following the close date. Final Date for Expressing Interest: Close of Play, Wednesday 08 May 2024.

read more

Thames Freeport Bid Pushed Forward

 

 

Thames Light Freight Project Looking for Partners

Posted on by Keith McKinley

The Thames Estuary Growth Board (The Growth Board) is seeking partners to join a landmark project aimed at tackling London’s congestion and pollution by shifting light freight transport from the city’s roads to the River Thames. The project, aims to reduce the number of Heavy Goods Vehicles (HGVs) on the streets, reducing congestion and pollution throughout the city.

Supported by the recent award of a Transport Research and Innovation Grant (TRIG) to the Growth Board by the Department for Transport (DfT), UK, and Connected Places Catapult (CPC). The RULE (Riverside Urban Logistics Environment) Project will focus on innovative and sustainable solutions to the challenges of the end-to-end supply chain, including river light freight and parcel deliveries across the Thames Estuary and London. More than that, it aims to set standards and a new benchmark for sustainable urban transport, for the whole of the UK.

The RULE project is driven by a visionary approach to an end-to-end supply chain and is part of a broader mission to transform transportation. It will contribute to the UK’s goal of achieving net zero emissions and aligns with other cutting-edge projects such as developing AI tools for managing railway station passenger flows and pioneering hydrogen refuelling systems.

Call for Partners

Organisations passionate about making a tangible difference in sustainable transport are invited to express their interest in partnering with the Growth Board. This is a unique opportunity to be at the heart of a project poised to redefine the future of transportation and logistics

“The Growth Board has an ambitious vision and are looking to unite those already involved in river freight with new innovators. We invite operators, logistics providers, and anyone with fresh ideas to join us in transforming urban transport.” Gyula Törzsök, Portfolio Director, Logistics, Digital and Green Spaces, Thames Estuary Growth Board.

Key Details:
All organisations, from startups to established industry leaders, interested in contributing to this groundbreaking project, are encouraged to do so at thamesestuary.info/RULE . The team will contact you following the close date. Final Date for Expressing Interest: Close of Play, Wednesday 08 May 2024.

read more

Thames Freeport Bid Pushed Forward

 

 

Harness AI for Bottom Line Impact in Last-Mile Delivery

Posted on by David Priestman

FarEye, a global last-mile technology platform, hosted the Last-Mile Leaders Event on April 19th at the Jaypee Hotel in Greater Noida, India, in collaboration with Microsoft. The event brought together an exceptional gathering of supply chain leaders and industry experts from all over the world under one roof. The event centered around the theme of profit, people, and the planet. Over 40 supply chain experts from more than 20 countries, representing diverse industries including retail, logistics, postal, consumer packaged goods (CPG), and pharmaceuticals, came together to explore the transformative potential of technology in driving cost reduction in the logistics sector.

Kushal Nahata, Co-founder and CEO of FarEye kicked off the event with a bold keynote, envisioning a future where autonomous drones revolutionize urban deliveries, reducing times and costs significantly. He claims, “Within the next five years, autonomous drones will handle 30% of urban deliveries, reducing delivery times and costs dramatically.”

He encouraged industry leaders to challenge conventional practices and work together to build a sustainable, affordable, and customer-centric future. The event featured a variety of sessions, including fireside chats, and roundtable discussions, alongside numerous networking opportunities. The event encompassed the entire spectrum of the supply chain and logistics industry, addressing topics including leveraging AI in the last-mile, unlocking last-mile excellence through data-driven insights, revolutionizing the last-mile for the ultimate consumer experience, and more. Making sustainability a focus in the last-mile, was another pivotal theme.

Nahata emphasizes: “With urban delivery traffic projected to increase carbon emissions by 32% by 2030, prioritizing sustainability is non-negotiable. The surge in electric vehicle adoption and government initiatives like the FAME scheme, reflects a visible shift towards greener logistics in India. As industry leaders, we must place sustainability at the front and center, meeting environmental and stakeholder expectations. FarEye’s collaborations have already slashed up to 550 K Metric Tonnes of GHG emissions annually and saved over 600 million miles. It’s clear: sustainable logistics isn’t just a choice; it’s our collective responsibility and competitive advantage.”

Dr. Ajai Chowdhry, Co-founder of HCL and Chairman of the Mission Governing Board of the National Quantum Mission of India, joined the event as the Guest of Honour. He remarked “In today’s era, where AI stands as the foremost game-changer across all sectors and industries, it is truly exciting to see supply chain leaders from around the world coming together for discussions on leveraging AI in last-mile logistics. FarEye has been leading the charge in utilizing cutting-edge technologies, including AI, to empower businesses in the logistics sector and has established itself as a leader in the last-mile industry.”

Bart De Muynck, Industry Expert, Advisor & Founder of Better Supply Chain said “This event presented a great opportunity to discuss what’s really needed for the logistics industry to change significantly in the next few years. Unification of systems, improving transparency, data standardization, and collaboration, were amongst the topics we discussed with leaders. Participants agreed that technology can help significantly in improving logistics and FarEye is perfectly positioned to help companies achieve this new era of logistics efficiency.”

The groundbreaking initiative at the event was the last-mile Innovation Nexus, which served as the epicenter of logistics innovation, providing a direct platform for promising logistics startups to engage with industry leaders, fostering connections and catalyzing progress. Guiding this journey were esteemed industry experts like Deepak Gaur from Elevation Capital, Sushil Sharma from Marwari Catalysts, Arpit Agarwal from Blume Ventures, and Gautam Kumar from FarEye.

Commenting on the initiative, Nahata said “The last-mile Innovation Nexus wasn’t just a showcase; it was a launchpad for startups to secure transformative partnerships. It was also exciting to see the surge in the adoption of AI, robotics, and embedded data analytics, all geared toward enhancing the efficiency and effectiveness of logistics operations. These technologies are not just trends; they are driving forces behind the evolution of our industry. We are proud to support the vision of young founders and their dedication to building robust organizations. The passion for driving change and creating impact is palpable.”

Strengthening the company’s efforts towards reducing logistics costs, the event saw the launch of the Last-Mile Trends Report 2024 which unveiled pioneering perspectives into the future of last-mile delivery. Drawing from insights gathered from over 300 leaders across five continents, representing companies with a combined revenue exceeding $100 billion. The report highlights crucial factors influencing the sector’s strategic decisions and market dynamics including:

● The Perfect Delivery: the needle has shifted from cost and satisfaction to cost and speed with 54 percent claiming to deliver the same day/next day compared to less than 35 percent last year.
● Cost is top of mind: 80 percent of supply chain leaders believe measuring the cost of delivery is a top priority as compared to only 50 percent last year.
● Top drivers of cost: For organizations with outsourced fleets, 56% said carrier performance is the biggest challenge, while 43 percent cited routing as the primary obstacle in matching the
promise of delivery speed.

Overall FarEye’s Last-Mile Leaders Event stands as a testament to the collaborative efforts required to drive innovation and transformation in the logistics sector. By setting the stage for cost reductions and transformative innovations, it lays the foundation for a more efficient and sustainable future in logistics.

read more

FarEye Platform on SAP for Parcel Visibility

 

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