Global shipping and logistics conglomerate Transworld Group announced its Digital transformation project, “Innovation in Motion” in partnership with Oracle and KPIT.
As part of this agreement, Oracle will provide the cloud-based technology platform that will improve operational efficiency across its shipping and logistics businesses and empower their 1,000+ employees to deliver heightened customer satisfaction to their customers and vendors.
KPIT will be the implementation partner, having expertise in implementing Oracle solutions for decades for customers around the world, from diverse industries, including shipping and logistics.
Transworld Group of companies comprising of Avana Logistic, Shreyas Shipping & Logistics, Transworld Feeders, BSL Freight Solutions, Transworld Logistics and other Group companies will leverage technology enabled solutions and customer connect e-platforms to provide real-time information, swift business process and a digital customer interface.
Additionally, the company will also be incorporating new emerging technologies like blockchain, adaptive intelligence and IoT as they move forward on their digital journey and climb higher on customers’ value chain.
The technology platform will enable standardization of all key business functions across all the group companies. These include finance, operations, procurement, supply chain and even HR, to eliminate manual intervention and introduce far advanced operational efficiencies.
Transworld Chairman Ramesh S Ramakrishnan said, “We want to digitally transform this industry with intelligent use of technology that helps us not only to be more efficient, but also create more value to our shareholders, customers and employees. We believe this can catalyse this transformation and is the way forward for our business.”
Oracle India MD Shailender Kumar said, “Oracle’s modern, connected cloud applications will deliver the necessary functionalities that will help Transworld achieve its goals for growth.”
KPIT Co-Founder, MD and CEO, Kishor Patil said, “Our deep competence in Oracle technologies, extensive experience in the transportation and logistics industry, and strong focus on cutting-edge digital technologies will enable Transworld to accelerate their business outcomes of achieving greater transparency, speed, and agility across its value chain.”