Four Soft has joined forces with six logistics companies to form the Freight Forwarding Industry & Four Soft Alliance (FFIFA), a global alliance designed to drive efficiencies in logistics software.
DHL, Geodis Wilson, Ceva, Agility, FedEx and Continental Group will collaborate to help create unified and standard business practices across multiple tiers and geographies.
The initiative is expected to provide access to all information, standards and metrics, better understanding of changing business dynamics and understanding of tangible and intangible benefits of IT in logistics.
The members will collaborate and will collectively suggest the adoption of best practices across the industry, to help bring down operating expenditure and improve service to customers.
Palem Srikanth, chairman of Four Soft, said: “The logistics and transportation industry has been facing serious problems due to lack of standardised business processes. It has made it less competitive and led to a lack of control on their IT budgets.
“We believe this is the right time for leading players of the industry to come together and adopt a collaborative approach to the common industry problems.”