Four Soft, top freight forwarders form global alliance for logistics software

Software firm Four Soft Ltd today announced the launch of Freight Forwarding Industry & Four Soft Alliance (FFIFA) that, it said, would bring top players in the logistics industry on a single platform to form a strategic initiative.

FFIFA would provide a forum for the exchange of ideas where the resultant `industry best practices' will save the industry time, energy and money in providing better services to its customers, Four Soft said in a release.

Freight forwarding and Logistics industry has been struggling with lack of unified and standard business processes / metrics resulting in very high operating costs and making them less competitive, Four Soft said in filing with the Bombay Stock Exchange (BSE).

FFIFA members will collaborate to help evolve unified and standard business practices across multiple tiers and geographies, the release said, adding that they will benefit from access to all information, standards and metrics, better understanding of changing business dynamics and understanding of tangible and intangible benefits of IT in logistics.