Supply chain is a key factor to run economy in a business. The supply chain start ups are coming up with new innovations to trim down the time and track the products.
The country has produced some startups which are currently working on making logistics digital and supporting companies through robotics.
Prajakt Raut said, ‘‘Supply-Chain is one of the largest sectors that powers all over across the industries.’’ He also introduced his company by saying Supply Chain Labs is India’s first supply-chain-focused fund.
Informing about the reason behind establishing Supply-Chain Labs, Raut said ‘‘There no platform for companies who were optimising and disrupting supply-chain.’’
He also informed ''Over the last 3 and half years, we have successfully engaged with almost 24 companies.'
With some remarkable changes in the buying patterns across the country, deliveries are becoming faster day-by-day and due to this there are dark stores at every nook-and-corner of Indian cities. Addressing this prevalent issue, Mowito Robotics is working on automating dark stores.
Mowito Robotics, Tusker, Sytlumia, Raaho, Conmove and Celcius Logistics are working on digitalising logistics Speaking to the audience during the showcase segment, Aditya Nagesh, co-founder, Mowito Robotics said, "We produce robot of action working faster than a human. The robot can pick parcels up to two metres of height and it can fulfill 60 orders in an hour. We can install such robots within a span of two weeks. It can save up to 40 per cent of the cost."
Another startup, Tusker, delivers goods from retail outlets after procuring them from distributors in a semi-rural area within a radius of 200 kilometers"We focus on seven sectors such as FMCG, automobile and machinery, pharma, textile, and construction and paints," said Amit Akkihal, CEO, Tusker.
Bengaluru-based Sytlumia helps retailers and manufacturers based on data on consumer trends to forecast the demand and reduce the gap between demand and sales. "150 billion products are made every year but one-third of them go to the landfill," shared Ganesh Subramanian, founder and CEO, Sytlumia.
Also showcasing at the event was Raaho, a startup based on intercity trucking. The company enables a driver secure a job that involves delivering the loads. "Hopefully, this is going to be Uber of trucking," said Mohammad Imthiaz, co-founder and CEO of Raaho.
Pune-based Conmove is trying to make the container and logistics sector digital. Its aim is to make port-to-door and door-to-port transport easy. "We are creating a value chain between container yard or port, custom broker, transporter, and customers on a single platform," said Nitin Parab, founder, Conmove.
Celcius Logistics is a cold supply chain-based startup that is digitalising the cold supply chain and distributing the perishable product to customers within 18 hours across India. "Our first product was Covid vaccines which we delivered to 60 cities and now the reach has increased as we deliver meats, seafood, modern trade and now connecting D2C," said Swarup Bose, Founder and CEO, Celcius Logistics.
Start ups in supply chain are helping in the process to become more transparent and fasters. It will also help the lower strata in the business such as fleet driver and worker.