Bengaluru: Blume Global, a leading provider of true end-to-end supply chain visibility technology solutions, has recently acquired LiveSource, a leading multi-enterprise supply chain business network, for complex manufacturers. With this acquisition, Blume now provides complete, end-to-end supply chain visibility, extending the standard definition of visibility beyond the transportation of goods.
Incidentally, Blume is the only worldwide supply chain technology provider that can support customers with real-time visibility from sourcing and procurement all the way through order delivery. “Blume India is proud to serve our customers with the only neutral, single-source visibility solution that covers the entire supply chain, giving our users unique and unrivaled transparency and insight at a time when congestion and capacity constraints are still common.” said Sudhir Unnikrishnan, senior vice president and managing director of India at Blume Global.
“Though we were presented with the challenges of navigating through the pandemic, our ultimate successes were a testament to the hard work and resiliency of Blume Global India, and we look forward to the bright spots ahead of us as we continue growing.” he adds.
Since the Bengaluru office opened in 2020, the 25-year-old supply chain technology provider has experienced exponential growth in India, with its team growing to nearly 400 employees, representing an investment of $10 million in the local community. The area has also benefited from Blume’s extensive rail and trucking industry expertise, helping Indian companies untangle their supply chains during the pandemic.
“Blume India is so much more than the R&D arm of our organization. That is why we have worked hard to gather a cross-section of the company in Bangalore, ensuring we can support all aspects of the Blume mission from India,” said CEO, Pervinder Johar. “Blume is a truly global logistics technology company, so there is no room for offshore thinking.”
The company’s aggressive growth plan in India is well aligned with the overall objectives of the Union Budget 2022-23, with a significant focus on the logistics and transport sector. The move to bring Data Exchange among all-mode operators on a unified Logistics Interface Platform, designed for API, will be a key factor in Blume Global’s India strategy.
Given that India’s supply chain and logistics costs currently account for 14% of the country’s GDP (compared to global average of approximately 8%), this is a great move and will bring India closer to global standards. Blume can help through its Visibility Solution by utilizing the operator’s data by doing the real-time tracking of the shipments and also predicting the dynamic expected time of arrival (ETAs) at the final delivery locations.
The other move in the Union Budget to award contracts for implementation of multi-modal logistics parks at four locations on a public-private-partnership (PPP) mode is another development that will aid the company’s vision. These Mega Logistics Parks will not only generate enormous employment and boost the economy but also make the supply chain leaner by making it a one stop shop for Multimodal Transport / Storage / Customs clearance / Workshops / Yards / Parking and much more. Blume Global can help with its Terminal VIP Services solution to book the appointments and help the scheduling on these Logistics Parks.
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