Flomic integrates advanced AI into logistics ops

BSE-listed Flomic Global Logistics has integrated advanced Artificial Intelligence (AI) across its operations including pricing strategies, route planning, inventory management, and customer service.

Lancy Barboza, MD of Flomic Global Logistics:"Our integration of AI is set to transform key aspects of logistics operations. By enhancing pricing accuracy, optimizing routes, and improving customer service, we aim to set new industry standards."

Flomic Global Logistics is addressing the challenge logistics pricing inefficiencies by adopting AI-driven dynamic pricing models. These models leverage real-time data to adjust rates based on demand, fuel costs, and route efficiency.

In the realm of route planning, AI algorithms are being deployed to analyze traffic conditions, weather forecasts, and roadwork updates.

AI technology also enables more accurate demand forecasting by analysing sales data and market trends, helping logistics companies maintain optimal inventory levels.

Flomic Global Logistics also plans to introduce AI-based tools, including chatbots and virtual assistants, to streamline routine inquiries and provide real-time shipment tracking.

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