WayCool and Central Warehousing Corporation Partner to Strengthen Supply Chain Management for Agri-products
Chennai: WayCool, India’s leading food and agri-tech company, has signed a Memorandum of Understanding (MoU) with Central Warehousing Corporation (CWC) to bolster the distribution of its agri-input portfolio. The partnership aims to transform India’s food ecosystem by improving supply chain efficiency and reducing wastage.
Under the MoU, WayCool will utilize six state-of-the-art facilities located across South India, along with additional facilities to be set up in key locations. CWC will provide dedicated warehousing and incidental services, including pest control, handling and transportation, inventory management, and e-NWR based trading services to WayCool.
Commenting on the occasion, Mr. Amrit Bajpai, COO – WayCool Foods said, “WayCool is committed to transforming India’s food economy. This partnership with CWC further accelerates our journey towards enhancing the ecosystem for every player making it much more efficient. We have been working with CWC since 2017, and their technology in advanced warehousing has fuelled our innovations and robust automation that we introduced in the food and agri space. We are looking forward to a highly enriching journey as we grow and contribute in shaping a resilient future as India readies to become the food basket of the world.”
Adding to this, Mr. Amit Kumar Singh, Managing Director – Central Warehousing Corporation said “We are excited to be entering into a strategic partnership with WayCool Foods today. It is exciting to see the impact that WayCool has been creating through its diversified offerings. We are thrilled to learn about their supply chain management expertise, the value addition, the process re-engineering that is being carried out using technology. Truly, the vision of the new India which the Hon’ble Prime Minister has – doubling the farmers’ income, WayCool is already contributing to that. I can only see them expanding with this vision in future and equally excited to be a partner in this value chain. We look forward to partnering with them for the development of more such warehouses, building the supply chain management for our food grain warehouses and creating specialized commodity parks in future.”
WayCool’s expertise in supply chain management, along with its cutting-edge shelf-life extension technologies, has aided in streamlining the company’s capabilities to become increasingly demand-driven. By ensuring 98% fill rates, the company has reduced food wastage to less than 2% and improved farmer earnings by 15-30%.
