FarEye announces launch of real-time dynamic routing to increase on-time hyper-local deliveries for shippers

Company news

By FarEye | May 15, 2019

New Delhi, 15 May 2019 - FarEye, a pioneer in enabling digital logistics, announced the launch of its AI based real-time dynamic routing feature to empower on-time and cost-effective deliveries which will majorly impact the hyper local and grocery delivery industry that demands quick turn-around-time. FarEye helps shippers to reduce costs, improve service and drive innovation.

The technology empowers businesses to minimize empty mile journeys, eliminate vehicle idling time and optimize productivity of delivery executives by assigning them highly efficient routes.

Inefficient route mapping, inability to deliver on time, poor productivity, increasing delivery costs, empty mile journeys, vehicle idling, and poor visibility has been weighing down supply chain and logistics operations for a long time. FarEye’s real-time dynamic routing capabilities help enterprises by automatically dispatching on-demand orders. The orders are assigned based on capacity, driver proximity and service time constraints. It also ensures that ad-hoc delivery requirements and cancellations are met while keeping costs, SLAs and ETAs intact.

A key area where FarEye’s real-time dynamic routing makes a difference is fleet utilization. FarEye’s engine addresses the most exhaustive constraints that disrupt transportation operations. Some of these include driver-route mapping, pickup windows, delivery windows, no-entry time windows, tonnage, empty miles cost, running and waiting costs, etc. FarEye helped the world's largest pizza delivery chain to reduce delivery time by 27% and enabled the biggest logistics company to increase courier productivity by 15%.

“The food delivery market is on an exponential rise, with more than 2 million transactions made in a day in India alone. Globally, the online food delivery market is expected to reach US $112 Billion by 2023. In a such a high growing landscape, businesses need real-time insights on routes, fleet productivity and ability to make changes on the go. Dynamic routing capabilities enable businesses get more competitive by empowering them to deliver delightful customer experiences and boost profitability.”

Kushal Nahata

CEO & Co-founder | FarEye

FarEye is one of India’s fastest growing start-ups with a 280% increase in ARR year on year. Clocking triple-digit revenue growth since the past 3 years, FarEye is now targeting a 325% growth in revenue this fiscal. FarEye facilitates over 65 million transactions per day, enabling more than 150 enterprises across 20+ countries.

Key Benefits of FarEye’s Real-Time Dynamic Routing

Increased visibility
Reduce Empty miles and boost fleet productivity
Optimize capacity utilization
Ensure profitability per order
Increase in on time deliveries and accurate ETAs
Insights into route wise performance
Greater delivery scalability

About FarEye:
FarEye’s Delivery Management platform turns deliveries into a competitive advantage. Retail, e-commerce and third-party logistics companies use FarEye’s unique combination of orchestration, real-time visibility, and branded customer experiences to simplify complex last-mile delivery logistics. The FarEye platform allows businesses to increase consumer loyalty and satisfaction, reduce costs and improve operational efficiencies. FarEye has 150+ customers across 30 countries and five offices globally. FarEye, First Choice for Last Mile.

PR contact:
Bradford Peirce, Communications Manager, bradford.peirce@fareye.com

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