Empowering the logistic sector: A journey towards efficiency
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
THURSDAY, MAY 26, 2022
THURSDAY, MAY 26, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
Empowering the logistic sector: A journey towards efficiency

Sponsored

TBS Report
09 August, 2020, 03:35 pm
Last modified: 09 August, 2020, 05:59 pm

Related News

  • Efficient mobility through effective policy
  • Improving operational efficiency to stay ahead in the game
  • Logistic, IT and remote hiring to lead job market in New Year
  • Emphasis on increasing efficiency in agriculture needed, not incentives
  • Awareness and communication imperative to make energy efficiency and conservation policy successful

Empowering the logistic sector: A journey towards efficiency

Still being largely an informal sector, logistics for Bangladesh could improve its eco-system significantly

TBS Report
09 August, 2020, 03:35 pm
Last modified: 09 August, 2020, 05:59 pm
Empowering the logistic sector: A journey towards efficiency

Logistics is the backbone of economic activities in a country.

A sustainable and optimized logistics system can lower trading costs and help countries compete globally. Additionally, having a plan for logistics in supply chain management is extremely important to the success of businesses; either big or small.

But, in the global Logistics Performance Index of 2018, Bangladesh was way behind India and Sri Lanka (Ranking Bangladesh 100th, India 44th, and Sri Lanka 94th among 160 countries).

Then again, still being largely an informal sector, logistics for Bangladesh could improve its eco-system significantly.

According to the World Bank's report "a 17percent decrease in logistics cost will increase Bangladesh's RMG (ready-made garments) export by 7.4percent" or almost $4 billion. Innovation in technology could accelerate the improvement process in logistics dramatically.

Realizing the potential and underlying opportunities of this sector, Mr. Alamgir Alvi, a former faculty of BUET and a USA based tech leader, took the initiative of connecting the dots to ensure better usage of resources with cutting edge technology and efficient operating models.

The Dhaka-based logistics app GIM (Goods in Motion) has already created significant values in the Goods transportation market of Bangladesh. Since the inception of the idea in early 2018 and eventually launching in mid-2019, GIM has been changing the historical conventions of the market.

"Our goal has been to increase usage of the idle resources by breaking down operational silos and enabling direct shipper to carrier communication. Thus, helping organizations to champion operational efficiency and better customer experience," says Alamgir Alvi the founder and managing director of GIM.

Within 6 months, more than 10,000 trucks and 6000 drivers have been registered with a milestone of 90,000-ton capacity, facilitating thousands of trips every month for a wide range of customers entailing development projects and giant corporates like Lafarge, ACI, Abul Khair, and others.

In less than a year, the service has set its footprint in 61 districts of Bangladesh covering almost 95percent of the country with corporate headquarter in Dhaka, and regional offices in Chittagong, Khulna, and Bogura; providing logistics service all over the country.

This in turn has created a competitive and fair market for drivers, owners, and truck operators. Anyone having a truck with valid documents and an appropriate driving license can avail trips from GIM.

Apart from access to trips, resolving cash flow, and insurance issues, the company has plans of bringing in banks, financial institutions, and insurance service providers into the ecosystem, already signing up with key partners like City Bank, IDLC, BKash, and SSL Wireless among others.

"Our planning is largely focused around identifying key challenges pertinent to the transportation of goods where we can be of assistance and finding solutions that stood highest in impact. The rest has been about finding the right partners for maximum outreach," says Mr. Rajibul Haq Chowdhury the Chairman of GIM.

Initiatives like this, not just help the logistics sector to be competitive on a global scale but help the truck operator's community enabling socio-economic growth.

Economy / Top News

logistic sector / efficiency

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Tax amnesty, relaxed remittance rules to bring back laundered money: Kamal
    Tax amnesty, relaxed remittance rules to bring back laundered money: Kamal
  • Representational picture. Photo: Collected
    India likely to curb rice exports
  • Azam Nazeer Tarar presents the Election Amendment Bill in the National Assembly on Thursday. — Photo Courtesy National Assembly of Pakistan/Twitter
    Pakistan NA passes bill abolishing use of EVMs in election

MOST VIEWED

  • LG PuriCare™: Utilizing the Best of Technology to Purify Drinking Water for All
    LG PuriCare™: Utilizing the Best of Technology to Purify Drinking Water for All
  • Go limitless with your travel plans
    Go limitless with your travel plans
  • GoZayaan evolves for smart travelers of tomorrow
    GoZayaan evolves for smart travelers of tomorrow
  • Nippon Paint brings new ‘Metallic Paint’ for gorgeous interior & exterior solution
    Nippon Paint brings new ‘Metallic Paint’ for gorgeous interior & exterior solution
  • Why GoZayaan’s Venture into a New Market is a Smart Move
    Why GoZayaan’s Venture into a New Market is a Smart Move
  • THREE: A Truly Enviable Address
    THREE: A Truly Enviable Address

Related News

  • Efficient mobility through effective policy
  • Improving operational efficiency to stay ahead in the game
  • Logistic, IT and remote hiring to lead job market in New Year
  • Emphasis on increasing efficiency in agriculture needed, not incentives
  • Awareness and communication imperative to make energy efficiency and conservation policy successful

Features

Photo caption: Business models are already being hit by climate risk. It is the function of regulators to force banks to pay attention to the future risks to businesses. Photo: Bloomberg

HSBC and its discordant climate songbook

2h | Panorama
Illustration: TBS

Should Belayets be allowed to return to school at 55?

7h | Pursuit
Impact Hub Dhaka is designed to cater to connectivity, offering lots of communal areas where you can chat over coffee, watch a webinar as a group or even host events. Photo: Courtesy

Inside Impact Hub: The surprising benefits of working in a co-working space

8h | Pursuit
Pacific Jeans uses sustainable technology in washing and finishing, and now has the facility to wash with zero water. Photo: Courtesy

How big dreams and smart investment made Pacific Jeans a denim exporting giant 

9h | Panorama

More Videos from TBS

5 latest exciting movies

5 latest exciting movies

1h | Videos
Why is Thanda Garam's juice so popular?

Why is Thanda Garam's juice so popular?

7h | Videos
Tea tales at TSC

Tea tales at TSC

8h | Videos
What journalism students want to know

What journalism students want to know

9h | Videos

Most Read

1
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

2
Bangladesh at risk of losing ownership of Banglar Samriddhi
Bangladesh

Bangladesh at risk of losing ownership of Banglar Samriddhi

3
BSEC launches probe against Abul Khayer Hero and allies
Stocks

BSEC launches probe against Abul Khayer Hero and allies

4
Photo: Courtesy
Panorama

Misfit Technologies: A Singaporean startup rooted firmly in Bangladesh

5
Illustration: TBS
Banking

Let taka slide

6
Photo: Collected
Industry

Spanish recycled cotton producer opens new facility in Bangladesh

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab