CargoTech aims to be one-stop digital solutions provider
CargoTech – a provider of digital solutions to the air cargo industry – aims to encourage, facilitate and accelerate the digital transformation of the air cargo industry.
Conscious of the challenge of digitisation, CargoTech offers a unique consultancy, implementation and financing service. The combination of technology and air cargo industry experts, and the variety of solutions that CargoTech members cover, allows for a unique and tailored service to air cargo companies.
Composed of different companies that operate separately, CargoTech offers them a space to coordinate their activities to ensure a quick and intelligent implementation of the chosen digital processes.
The air cargo industry is highly fragmented, both in terms of supply chain stakeholders, as well as available systems. Most companies' IT landscapes have grown from legacy systems and are often a complex patchwork of interfaces intermingled with various manual processes to bridge software limitations. While not everything can be digitised, there is much to be gained in terms of speed, efficiency, revenue improvement and cost reduction by adopting the right digital solution or improving business processes.
"Our core belief is that whatever can be digitised should not remain manual. With CargoTech, we are bringing together cargo business experts with technology experts specialised in specific areas of air cargo," Cedric Millet, President of CargoTech, said. "By doing so, CargoTech's goal is to develop and offer the right digital solution for each and every possible air cargo business process. With ECS Group's Cargo Digital Factory alongside Wiremind Cargo, CargoTech has already started to offer a variety of products that cover some very relevant transactions. Each company has its specific area of expertise; thus, they complement each other."
CargoTech will also be in a position to provide airlines, forwarders, GSAs and GHAs with consulting services, advising them on their own digital transformation or system upgrade.
CargoTech customers will also have a single contact capable of discussing a complete end-to-end digitisation plan, and providing these digital solutions. CargoTech consists of different companies which operate separately but coordinate their activities to ensure quick deliverables and complementary products.
CargoTech's Product Road Map defines clear responsibilities for its participating members and offers synergies in terms of business development, marketing, and technology. Where products or services are missing, CargoTech first seeks out technology experts within the industry, capable of delivering the required solutions.
Millet added, "We don't aim to start developing everything from scratch. There are so many talented tech companies or start-ups out there and we want to tap into those talents, support them and bring them together under our umbrella. CargoTech acts as an accelerator in transforming and digitising the air cargo industry, by providing funding to technology experts to enhance existing products or develop new ones. One example where we have already done this is by providing Wiremind Cargo with the financial means to develop its CMS system, CargoStack, launched last month."
CargoTech openly extends the invitation to companies that share the drive to digitise the air cargo industry – any company can join as long as it can demonstrate an added value in terms of product, commercial development or adoption. One new member will be announced soon.
CargoTech currently comprises the Cargo Digital Factory of ECS Group and the cargo division of Wiremind. More members are expected to join soon.