Locus Listed as a Representative Vendor in Gartner's Market Guide for Vehicle Routing and Scheduling

Locus

2020/6/30 16:56

PR84589

 

WILMINGTON, Delaware, June 30, 2020 /PRNewswire=KYODO JBN/ --

 

- The Company was recognized as a Representative Vendor in the 2020 report

 

    Locus, a global B2B SaaS company that automates human decisions in the

supply chain, today announced that it has been identified as a Representative

Vendor in the Gartner 'Market Guide for Vehicle Routing and Scheduling'

report1. Gartner is a leading research and advisory company.

 

 

    The report gives an overview of the Vehicle Routing and Scheduling market

and lists vendors. "Vehicle routing and scheduling (VRS) applications are

evolving into solutions in which the routing algorithm is almost becoming a

secondary feature. There is an increased focus on new technologies, such as

machine learning (ML) and artificial intelligence (AI), and on functions such

as last-mile fulfillment and customer experience," says the report.

 

    The Locus platform uses deep machine learning and proprietary algorithms to

offer smart logistics solutions like route optimization, real-time tracking,

insights and analytics, beat optimization, efficient warehouse management,

vehicle allocation and utilization. Locus also helps companies optimize their

end-to-end supply chain network with its strategic consulting offering.

 

    Locus presently works with top clients across Southeast Asia, North

America, Europe, and India. It has offices in the USA, India, Indonesia, and

Vietnam. The top management of the company includes executives from Amazon Web

Services (AWS), Barclays Capital, Google, and BlueDart (a DHL company), and

data scientists with PhDs from Carnegie Mellon University and the University of

Illinois, among others.

 

    "We believe being named by Gartner Market Guide for Vehicle Routing and

Scheduling as a Representative Vendor reinforces the value we add to our

customers. Supply chains have become increasingly complex these days. On top of

it, COVID-19 has made life tougher and exposed the lack of collaboration,

coordination, and visibility in the supply chain. Locus' solutions help

streamline supply chain operations, thereby bringing supply chain to the

forefront of businesses," said Nishith Rastogi, Chief Executive Officer, Locus.

 

    Locus has achieved a peak of 2 million+ orders processed in a day (200,000

orders an hour). The company's solutions are now tried and tested on over 500

million+ order deliveries, and its operations have expanded to 1000+ cities

across the globe.

 

    The company has so far raised $29 million from tier-1 investors including

Tiger Global, Falcon Edge, Blume Ventures, Exfinity Venture Partners & growX

ventures.

 

    Gartner subscribers can log in to read the full research on the website.

 

    1Gartner, "Market Guide for Vehicle Routing and Scheduling," Oscar Sanchez

Duran, Bart De Muynck, 23 June 2020.

 

    Gartner Disclaimer

 

    Gartner does not endorse any vendor, product or service depicted in its

research publications, and does not advise technology users to select only

those vendors with the highest ratings or other designation. Gartner research

publications consist of the opinions of Gartner's research organization and

should not be construed as statements of fact. Gartner disclaims all

warranties, expressed or implied, with respect to this research, including any

warranties of merchantability or fitness for a particular purpose.

 

    About Locus:

 

    Locus is a deep-tech platform that automates human decisions in the supply

chain to provide efficiency, transparency, and consistency in logistics operations.

 

    The platform uses deep machine learning and proprietary algorithms to offer

smart logistics solutions like route optimization, real-time tracking, insights

and analytics, beat optimization, efficient warehouse management, vehicle

allocation and utilization. Locus powers more than two million deliveries daily

across Southeast Asia, the Indian Subcontinent, Europe, and North America.

Visit www.locus.sh to know more.

 

    Media Contact:

 

    Please reach out to - Marketing@locus.sh

 

    Logo: https://mma.prnewswire.com/media/1197609/Locus_Logo.jpg

 

 

    Source: Locus

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