Tiger Logistics, has launched its proprietary product ‘FreightJar’ – a Digital Freight Booking & Management Platform. Aligned with Make In India & PM Gati Shakti, Tiger Logistics has unveiled FreightJar to support India’s trade competitiveness in the global market and enable the reduction of logistics costs.
FreightJar which is an intuitive platform aims to revolutionize the way exporters and importers manage their shipping requirements and improve their operational efficiency. It solves and addresses existing challenges in the supply chains by providing access to better freight rates and introducing seamlessness to the overall supply chain operations. It will bring all stakeholders involved in the logistics chain under one platform and thus bring transparency to the overall logistics cost.
With FreightJar’s mantra “It’s easy,” an enterprise can save a total of up to 3-5 working days in booking their freight and avoid the hassle of writing around 30-40 emails per shipment. This not only reduces logistics costs and saves time, but also allows them to go sustainable in their global supply chain operations by reducing their carbon footprint.
“We have developed FreightJar from grounds up to revamp our go-to-market approach and cater to India’s growth in export volume. Overall, the goal of FreightJar is to help enterprises dealing with exports and imports reduce their logistics cost, save time, and experience a stellar customer experience to bring operational efficiency to their supply chains.”Harpreet Singh Malhotra, Chairman & Managing Director, Tiger Logistics
It will provide a comprehensive, user-friendly solution to make it easier to search for real-time freight rates, book freight instantly, automate documentation, and track shipments for enhanced accessibility, visibility, and transparency in supply chains.
The platform will also offers and facilitates Cargo Value Financing solutions for Exporters, allowing them to manage cash flow and apply for collateral-free financing options.
Tiger Logistics with the rapid y-o-y growth aims to bridge a gap in the market that can be filled with an extensive digital freight booking & management platform. The company with the launch of this platform looks to increase its revenue and open its doors to untapped market segments such as SME & MSME exporters and importers.
According to a BCG Report, automating manual processes now can reduce certain back-office and operations costs by up to 40%, while digitizing significant parts of the sales process could reduce related direct costs even more. As of 2022, the Indian digital freight forwarding market was valued at around USD 311 million and by the year 2027, the industry is projected to reach USD 925 million (approx.)