Aug 9: Chennai-based Ramco Systems Ltd on Tuesday said that the company has secured an order from AP Carqo Loqistic Network Corp., a Philippines-based leading domestic provider of express logistics for air cargo and other goods, to implement Ramco’s Logistics Software to streamline the latter’s freight operations nationwide.
According to a statement from Ramco, the partnership comes at a time when Philippines is rapidly adopting lT solutions to ramp up its logistics capabilities and infrastructure. According to ResearchAndMarkets.com, the Philippine freight and logistics market is expected to be worth $ 60.22 billion by 2023, with the rise of e-commerce, internet penetration and increased spending power anticipated to boost demand.
“Ramco, which set up its Philippine subsidiary in mid-2016 has been witnessing stupendous growth in the region, with nearly 40% of the new order booking for APAC in 2017-18 coming from Philippines,” the company said.
As part of the agreement, Ramco will implement its unified, mobile-friendly modules for transport management, hub management; warehouse management, fleet management, visibility; rating and billing, finance and accounting, integrated with end-to-end HR and Payroll compliant with Philippines’ statutory requirements at AP Cargo.
Commenting on the deal, Vincent John S Villacorte, Vice President – Business Operations, AP Cargo, said, “the decision to automate our manual systems with a future-ready logistics suite is part of a larger strategy to overhaul our supply chain. Ramco’s unified solution will offer real-time operational visibility and better planning capabilities, enabling us to arrest revenue leakage and boost productivity to drive overall growth. Ramco has a great track record as a logistics software provider in the Philippines, and we are excited to work with them for our digital transformation.”