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CES 2022 – ICI Technologies, the leading technology and location data platform, and Yojee Limited, a cloud-based software-as-a-service (SaaS) logistics platform that facilitates the flow of freight movements in a single ecosystem, has teamed up to create a single operational intelligence solution to transform operations and warehouse management for global companies.
The growth of supply chains and e-commerce trends have resulted in the need for more warehouses around the world. Experts predict that the number of warehouses worldwide will increase by 20% between 2018 and 2025 to reach around 180,000, with more than half in China, the United States, Japan, India and Germany.1. At the same time, warehousing costs are rising and companies spend around 300 billion euros ($ 346 billion) per year on warehousing, with operational costs accounting for 85% of these expenses.2.
Combining Yojee’s logistics software expertise with HERE’s location intelligence, this joint initiative will discover and generate critical data from the warehouse floor. This will allow businesses to make more informed decisions about how they can streamline operations and utilize maximum facility capacity through infrastructure planning, asset tracking, and workforce management. ‘work. These operational intelligence data points will help establish a warehouse health pulse system that will measure key metrics based on various location parameters relating to labor productivity, equipment handling, inventory status, etc.
Ed Clarke, Managing Director of Yojee, said, “We are building an invention that will transform the visibility and efficiency of supply chain and logistics around the world. We digitize warehouses where data can be consumed and analyzed through a single smart dashboard remotely at any time. This data intelligence is critical to improving overall warehouse productivity and efficiency. I am convinced that with HERE it brings more than just a return on investment for the global logistics industry in the long term.
With Asset tracking HERE, businesses can enjoy enhanced real-time visibility that tracks the location, condition, and condition of their warehouse assets anywhere, anytime. Warehouse operators are now able to remotely monitor the productivity levels of the warehouse workforce and track the movement of assets and material handling equipment both off-site and off-site. interior via already available networks. the HERE Card creation The platform also allows businesses to customize and maintain digital warehouse layouts (virtual representations) that will help them improve overall logistics planning and reduce operational costs.
By feeding real-time and historical data provided by collaboration into an artificial intelligence (AI)-powered data analytics dashboard, businesses will benefit from central, customizable visualization of their warehouse operations.
Jason Jameson, Senior Vice President and General Manager of HERE Asia Pacific, said, “The logistics industry in Asia Pacific shows no signs of slowing down due to digital transformation and exponential growth in the logistics industries. supply chain and e-commerce. Yet the cost of expansion continues to be one of the biggest hurdles for the Asia-Pacific logistics industry as it enters expansion mode.3. Through this exciting partnership with Yojee, we look forward to providing companies with substantial opportunities to unlock major improvements and capture value in global warehousing.
Media contacts
ICI Technologies
Camy cheng
+65 9088 4127
[email protected]
Yojee Limited
Natasha Kee
+65 9238 5696
[email protected]
About HERE Technologies
HERE, a location data and technology platform, advances people, businesses and cities by harnessing the power of location. By leveraging our open platform, we enable our clients to achieve better results, whether it’s helping a city manage its infrastructure or a business optimizing its assets or guiding drivers to their destination safely. To learn more about HERE, please visit www.ici.com and http://360.here.com.
About Yojee Limited (ASX: YOJ)
Yojee is a software-as-a-service (SaaS) -based logistics platform that facilitates the flow of freight movements in a single ecosystem, making the complex process of ground transportation management simple and accessible to all stakeholders while reducing carbon emissions for a greener planet.
[1]https://www.interactanalysis.com/28500-warehouses-to-be-add-globally-to-meet-e-commerce-boom/
[2]https://www.mckinsey.com/business-functions/operations/our-insights/warehouses-the-boxes-worth-300-billion
[3]https://apacresearch.cbre.com/en/research-and-reports/Asia-Pacific-Logistics-Occupier-Survey-2021
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20220105_Yojee Partners with HERE to Unlock Value in Global Supply Chains
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