HERE TECHNOLOGIES-YOJEE COLLABORATION REVEALS GLOBAL SUPPLY CHAIN VALUE

KUALA LUMPUR, Jan 5 -- HERE Technologies, the leading location data and technology platform, and Yojee Limited, a cloud-based software as a service (SaaS) logistics platform that facilitates the flow of freight movements into a single ecosystem, have teamed up to create a unique operations intelligence solution to transform warehouse operations and management for global companies.

The growth of supply chains and e-commerce trends have resulted in the need for more warehouses worldwide, with experts predicting the number of warehouses worldwide will grow by 20 per cent between 2018 and 2025 to reach about 180,000, more than half of which will be in China, the United States, Japan, India, and Germany.

At the same time, warehousing costs are rising, and companies are spending approximately €300 billion (US$346 billion) a year on warehousing, with operational costs accounting for 85 per cent of that expenditure. (US$1 = RM4.192)

Combining the expertise of Yojee’s logistics software with HERE’s location intelligence, this joint initiative uncovers and generates crucial data from the warehouse floor, enabling businesses to make better informed decisions to streamline operations and utilise the maximum capacity of the facility.

In a statement, HERE Asia Pacific Senior Vice President and General Manager, Jason Jameson said: “The Asia Pacific logistics sector is showing no signs of slowing down due to digital transformation and an exponential growth in the supply chain and e-commerce industries.

“Yet, the cost for expansion continues to be one of the top barriers for Asia Pacific’s logistics sector as they enter expansion mode.

“Through this exciting partnership with Yojee, we look forward to providing businesses with substantial opportunities to unlock major improvements and capture value in global warehousing.”

Yojee Managing Director, Ed Clarke said: “We are digitalising warehouses where data can be consumed and analysed via a single smart dashboard remotely anytime. I’m confident that together with HERE, this brings more than just return on investment for the global logistics industry in the long term.”

For more information on HERE Technologies, visit www.here.com.

-- BERNAMA