In recent years, most sectors have been opting to digitize their business. The pandemic of COVID-19 has only increased the demand for digitized solutions. The global logistics industry is no exception. The digitization of logistics is no longer an option, but a foregone conclusion.
To facilitate this process, LocoNav, the world’s fastest-growing AI-driven full-stack fleet tech company today announced a strategic partnership with Locus. As per an IMARC Group Report, the global logistics market is pegged to reach US$ 6.55 Trillion by 2027. Through this partnership, both LocoNav and Locus will enable digital transformation in the global logistics industry by automating supply chain operations.
LocoNav’s fleet management solution (FMS) will help Locus optimize and operate multiple vehicles with ease on a single platform. LocoNav FMS includes offerings like Track & Trace, Fuel Monitoring, On-Board Diagnostics, with real-time alerts, rich analytics, customized reports, and more, on a single platform with a user-friendly AI, which is compatible with 14 languages
While taking one more step toward global expansion, Co-Founders – Shridhar Gupta and Vidit Jain said, “Collaboration is the first step to growth and we couldn’t have asked for a better partner than Locus, that shares our intent to solve for complex supply chain challenges with modern technology. This partnership will help us unlock great value for the entire ecosystem, further supporting us in our mission to democratize fleet tech.”
This partnership aspires to create a framework through which members can tap into the aggregate experience and resources of all key stakeholders to recreate effective supply chain solutions that address modern concerns. LocoNav is dedicated to fostering cooperation and co-creation, as well as driving inclusive technical growth and developing more resilient solutions.
Locus uses machine learning and proprietary algorithms to automate complex supply chain decisions. LocoNav’s fleet management solution (FMS) will enable Locus to optimize and operate multiple vehicles with ease on a single platform. FMS includes offerings like Track & Trace, Fuel Monitoring, On-Board Diagnostics, Driver Scorecard with real-time alerts, rich analytics, customized reports, and more.
Pranjal Swarup, Director of Partnerships, Locus, said, “We are extremely excited about our collaboration with LocoNav and are looking forward to adding more value for enterprise customers with our last-mile optimization platform. This collaboration will help us empower our enterprise clients with a world class fleet visibility tool.”
Operating in over 50 countries, LocoNav is democratizing access to fleet technology across global emerging and high-growth markets. Powered by AI and IoT LocoNav solutions empower fleet owners and operators to achieve operational efficiencies and cost savings along with driver and vehicle safety.