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In a panel discussion on ‘Data in Coronavirus Times’ hosted by the National Council of Applied Economic Research (NCAER), CEO of NITI Aayog, Amitabh Kant stated that the government should actively share important information to help researchers, medical representatives, and the country’s public to successfully fight the pandemic.
By 2027, the United States will manufacture 12 million metric tonnes of milk (26 pounds). This will be greater than what the US domestic market will consume. – McKinsey & Company report, 2019
The Covid-19 pandemic has thrust logistics to the forefront of every industry and country and the scenario is no different in the Middle East. But the challenges and opportunities in the region are quite unique.
Gaining visibility into real-time on ground operations has become a major priority for logistics businesses. On ground situations are always changing, be it traffic, or last-minute maintenance issues, order cancellations, etc. On top of it, on-demand customer requests keep coming in.
The first half of 2020 has definitely tested the robustness of the health of both people and processes in supply chains. Together we have faced changing regulations, demand, and disruptions to our supply chain. And Locus is fully committed to ensuring that you get the best route plans, live tracking of deliveries, and operation analytics even in these trying times.
There will be a 20% growth in online retail share by 2023, and there will be a 10% increase in instant delivery. – Future of last-mile interventions Due to COVID-19, customers have become accustomed to online shopping. This change in their shopping habits is making the logistics industry refocus on last mile delivery services.
AI in Fashion Supply Chain: The world of fashion has changed drastically since the outbreak of the Coronavirus pandemic. The first blow to the industry was the shutting down of the world’s largest textile producing and exporting country in the world, China.
The COVID-19 pandemic has confined people to their homes, restricting travel, and non-essential outdoor activities for months. Recent surveys show that the demand for home diagnostic services is increasing as people across the United States shelter in place due to the pandemic. People who wouldn’t have dreamed of tackling a home appliance repair are now fixing their freezers, refrigerators, washers, and dryers.
73% of all people in the US point to last mile customer experience as an essential factor in their purchase decisions. – PwC, Future of Customer Experience report. Last mile delivery is the only chance where a brand has to actually meet the customer. This impression creates an image of your business and messing up in this stage could hurt your reputation. Hence, building a positive customer experience matters a lot in last-mile delivery.
Planning multiple routes manually is a burdensome and time-consuming affair. Fleet managers should factor in various route constraints while planning routes such as traffic congestion, roadblocks, and so on. There are likely chances of making mistakes, which can ultimately result in disappointed customers.
Lockdowns around the globe are slowly being lifted, and businesses are thus opening up. May saw some early signs of activity across sectors. The situation is nowhere near ‘normal’, but it is still a start. We hope that this ‘Locus On The Ground’ May Report will give a peek into what is now being called the ‘new normal’.
Team Locus Vittal Sirigiri, one of the top data scientists in Locus, has had quite the professional journey—investment banker, cofounder of a food business, self-taught coder, he’s worn many hats.
The Coronavirus apocalypse is perhaps the biggest blow to mankind in a long time. It has transformed societies, governments, healthcare systems, economies, and our lifestyles in unforeseen ways.
Vehicle Routing Problem is a constant in the last-mile delivery business. It happens due to the delivery and resource constraints planners face while coming up with minimum-cost vehicle routes.
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