PostTag: we expect Locus to have a major disruptive impact on the UK market
PostTag, the address lookup and validation service, has partnered with Locus, a platform that automates supply chain decisions, to create an end-to-end technology solution for deliveries.
Having powered deliveries across sectors like e-commerce, retail, FMCG, home services and third-party logistics globally (including in continental Europe), Locus is now entering the UK market with this partnership.
Locus is a technology platform that uses machine learning and proprietary algorithms to automate complex supply chain decisions. Founded in 2015, Locus recently raised US$50 million in Series C funding led by GIC, Singapore’s sovereign wealth fund.
Keith Lewin, Chairman and Founder, PostTag, said: “Our customers have been telling us that they’re fed up with the current software solutions on offer in UK logistics. As a modern dynamic company unencumbered by legacy technology, we expect Locus to have a major disruptive impact on the UK market. We are thrilled they have chosen PostTag to partner with and it’s a significant endorsement of our technology.”
“This partnership with one of the world’s most exciting technology companies heralds a major new phase in the history of PostTag. Working with Locus, we can offer our customers even more as they strive to meet the growing expectations of customers for timely and accurate deliveries.”
Locus uses machine learning and proprietary algorithms to automate complex supply chain decisions. Its smart supply chain solutions provide end-to-end visibility and enable enterprises to enhance their operational efficiency by reining costs, streamlining the customer experience, and reducing environmental impact. Locus’ scalable solutions include route optimization, real-time tracking and analytics, sales beat optimization, territory planning, vehicle allocation, and network design.
Nishith Rastogi, Co-founder and CEO, Locus, said: “PostTag impressed us not only with the quality of their technology but their desire to ensure they fix the problems that stop companies from getting their goods to customers in a timely and efficient way. Companies are still dependent on legacy solutions that aren’t equipped to handle today’s real-world supply chain and logistics operations. The partnership of Locus and PostTag is set to change that, and we are excited about the opportunities we see for growth in the UK.”
