|Vol. 16 No. 76||
Friday September 29, 2017
Online Air Cargo Bazaar
There has been a lot of talk on adopting technology to make air cargo more efficient. While air cargo regulators and industry stalwarts have never hesitated to talk about technology, only a handful from the industry has risen to do something.
Chennai Start Up
Enter Air Freight
Bazaar (AFB)! The Chennai start-up could well claim to be India’s
air freight aggregator.
Putting Heads Together
“That got the
three of us thinking and we felt that there is a need to transform
the logistics sector.
The WorksExplaining how AFB works, Jain gave an example:
“To import machinery, for instance, from China, one gets in touch with an agent who might take more than a couple of days to generate a quote from a provider.
“There is a certain level of ambiguity involved, not to mention, the absence of real-time data,” he said.
“In addition, there are also challenges—the first being the undercutting of prices among the parties.
“This is where AFB can help out,” Jain said, mentioning, “our aim is to reduce the turnaround time significantly and bring down freight costs across the board.”
The company works
on a Membership Model with a basic annual fee of $100 charged per
user-per city for its services.
Two Months & Counting
“In our barely
two months of existence, AFB has been able to get a sizeable membership,”
Jani said, adding:
Bringing Costs In Line
AFB said that
it is also seeking to reduce the spend on logistics.
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