Imperial invests in Lori Systems to enhance logistics capability
Imperial partners with Lori Systems to expand e-logistics solutions across the continent.
Logistics giant Imperial has announced that is investing in and partnering with Lori Systems to expand its innovative e-logistics technology solutions across Africa.
Lori Systems launched in 2017 with the vision of developing technology that provides practical solutions to the challenges frontier markets face with logistics, namely the lack of visibility, co-ordination, and data. Imperial will have access to Lori’s proprietary platform through this partnership, providing shippers and transporters in southern Africa with access to a flexible suite of software applications and data. This will lead to more efficiently managed operations and fleets, resulting in tangible cost savings.
Mohammed Akoojee, group CEO of Imperial, indicated that Lori provides a strong solution when it comes to matching volatile demand and reliable supply in Africa’s highly fragmented road freight industry. “As a business that is focused on efficient and innovative logistics and market access solutions, this is a crucial business investment for Imperial and the continent. Investing in Lori Systems will enable the creation of further business opportunities in Africa and provide efficiency for Imperial’s clients and transport operators with whom we collaborate,” said Mohammed.
“Lori Systems’ partnership with Imperial is validation of our vision of a new era of digitally-enabled and efficient logistics not only in Africa but in frontier markets more broadly,” said Joshua Sandler, co-founder and CEO, Lori Systems. “Innovation is at the heart of Imperial, and we couldn’t be more proud to partner with an industry veteran that embraces this digital disruption while expanding Lori’s reach across Southern Africa.”
Lori Systems has successfully driven efficiency across fragmented east and west African markets by providing end-to-end visibility for customers and integrations across the entire supply chain. This partnership brings together Lori’s technology and Imperial’s expertise in logistics to drive similar efficiencies in southern African markets.