WIZ Freight, a full-stack digital cross-border supply chain start-up, has set up the biggest of its kind Tech and R&D Centre in Chennai for logistics tech. The Tech and R&D Centre was today inaugurated and dedicated to the supply chain industry by Ramkumar Ramachandran, Co-Founder & Chairman and Ramkumar Govindarajan, Co-Founder & CEO, WIZ Freight.
This will be the largest R&D centre in Asia dedicated to cross-border shipping technology. The Centre will develop cutting-edge tech solutions for the cross-border shipping industry using Artificial Intelligence (AI), Machine Learning (ML), blockchain, Internet of Things (IoT), web & mobile applications and big data capabilities to improve critical functions like ETA prediction, routing, end to end visibility, digitisation of shipping documentation, warehousing management and business insights.
WIZ Freight Tech and R&D Centre, set up an initial capital expenditure of $3.76 million, will facilitate tech-enabled innovation in the shipping industry to reduce shipping costs, offer accurate end-to-end visibility, and enable better upstream and downstream supply chain planning & execution and minimise carbon footprint. The company has also committed to spending over $37.6 million over the next 3 years on R&D. The R&D centre will employ a team of 300 members in the field of data science, analytics, software and logistics.
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