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Locus to Invest €2 Million in Europe for Product, Business Development and Smart Logistics

October 08, 2020 / PR Newswire

Locus, a global B2B Software-as-a-Service (SaaS) company that automates human decisions in logistics, announced that it is investing €2 million in Europe for product and business development. The company's smart logistics solutions will help reduce carbon emissions and increase operational efficiency. Locus uses deep machine learning and proprietary algorithms to offer smart logistics solutions like route optimization, real-time tracking, insights and analytics, beat optimization, and vehicle allocation and utilization. Locus also helps companies optimize their end-to-end supply chain network with its strategic consulting offering. "Due to the COVID-19 pandemic, supply chains in Europe have become more dynamic than ever before and different legs of the supply chain have become more interconnected. Companies need high-frequency automated decision making to efficiently fulfill such dynamic demand," said Nishith Rastogi, Chief Executive Officer, Locus. "I have shifted my base to London from India as Europe is going to be a major focus for us, and we are investing €2 million to bring our smart logistics solutions to the market. For example, with Locus, you can deliver e-commerce packages with 20% lesser carbon emissions. I am really excited about the impact we can create here." The company presently works with top clients across Southeast Asia, North America, Europe, and the Indian Subcontinent. The company's top management includes executives from Amazon Web Services (AWS), Barclays Capital, Google, and BlueDart (a DHL company), and data scientists with PhDs from Carnegie Mellon University and the University of Illinois, among others.