![]() The startup facilitates the various stages of supply chain starting from planning to vendor discovery, evaluation and ultimately finalisation. Incorporated in 2017, Edgistify is a conjunction of “Edge, Logistics and Simplify,” and its parent company is Optisupply Chain Solution. The tech platform helps logistic firms design the entire supply chain. With no structure in the parameters used to identify, select or even benchmark warehouses, this has further crippled the industry. The segment is not just fragmented but highly unorganised. With India spending 14 percent (about $360 billion) of its total Gross Domestic Product (GDP) on logistics and supply chain, 40 percent of this total cost (approximately $270 to $300 billion) is due to indirect costs and inefficiencies in the supply chain. With the boom of ecommerce, the logistics business is finding its place in the sun.
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