Last mile technology specialists FarEye have acquired Dipper, an Internet of Things (IoT) platform providing visibility and predictability in freight movements.
According to FarEye it reinforces the company’s growth plans in solving challenges for long-haul and multimodal logistics.
The predictive technology provided by Dipper allows logistics stakeholders to have end to end real-time visibility of the supply chain and enables them to use preventive management tools and and easy decision making aided with smart KPIs and analysis. Their propriety ML engine estimates real-time delay in freight movement. This helps shippers with better planning for arrival of goods, reliable transportation reducing inventory and benchmarking SLAs to reduce transportation cost. The technology allows on-time deliveries, bottleneck mitigation, theft and pilferage reduction, digitised document digitisation with electronic proof of deliveries and dispatch orders, customer satisfaction and optimised operations.
Kushal Nahata, Co-founder & CEO of FarEye, says, “Shippers are losing a lot of time, money and inventory due to unpredicted freight movement. Transport infrastructure investment is projected to increase at an average annual rate of about 5% worldwide over the period of 2014 to 2025. The Dipper team understood the problem really well and this understanding coupled with a very passionate team and a strong product supplemented FarEye’s existing strength in supply chain industry technology. We are now headed towards digitalising Middle East’s transportation industry and improve it to ensure on-time deliveries with reduced cost of goods movement. We are now a strong team of 200, consulting more than 100 customers – targeting the trillion dollar logistics & supply chain industry, globally.”
Suryansh Jalan, Co-founder & CEO of Dipper says, “We are excited to join hands with FarEye, a company that shares our values, vision and desire to digitally enable the Logistics & Supply Chain industry. Our joint comprehensive solution will enable shippers to gain end to end visibility of the freight and will give them access to preventive tools for optimizing supply chain management. From Order Creation, Allocation, Transit Visibility and ePoDs, combined with powerful SLA and KPI dashboards, fuelling, resource utilisation, optimisation to toll cards – this suite will cater to needs of all stakeholders (consignors, 3PL/Transporters, Fleet Owners and Consignees) alike.”
