Mr. Terdkiat Prommool, Senior Executive Vice President, Corporate Strategy and Sustainability of PTT Public Company Limited and Chairman of PTT Digital Solutions Company Limited, presided over the MOU signing ceremony between PTT Digital Solutions Company Limited (PTT Digital), an information and communication technology provider of the PTT Group, and Global Multimodal Logistics Company Limited (GML), operates fully-integrated logistics and platform business handling ground and air cargo, cold-chain (including storage/warehouse management) and equipment rentals – connecting logistics infrastructure with all regions around the world.
Mr. Kaweesak Boonchaleaw, Managing Director of PTT Digital Solutions Company Limited and Mr. Kraiyasit Intarapanich, Acting President of Global Multimodal Logistics Company Limited acted as signatory to the MOU to participate in the study project and to test the integrated logistic platform, with GML to support the development GML’s logistics business through the use of digital technology – cementing Thailand’s place as ASEAN’s logistics hub as aimed for by Thailand’s 13th National Economic and Social Development Plan and the Thailand 4.0 New S-Curve strategy, which is key to the economic development and aligned with PTT PCL’s strategic planning.
Mr. Kaweesak Boonchaleaw, Managing Director of PTT Digital Solutions Company Limited, stated that “Logistics industry is believed to be sources of consistent growth, so many business sectors expect to see growth in new entrants to further develop ground and air freight transport infrastructure – including cold chain transport & storage and logistics equipment rental, along with digital platforms. Therefore, many businesses are looking for new technologies to bolster their capabilities competitively and to reduce their logistics costs, which currently account for 2 trillion THB or 13% of Thai GDP. Such high costs are the reason behind partnering with GML to introduce the HERMES platform for complete logistics control and vehicle monitoring developed by PTT Digital to successfully advance a wide range of logistics management capabilities of GML.”
This MOU-signing represents an important catalyst for Thailand’s support of digital technology to develop GML’s logistics industry to increase efficiency and agility. The MOU with GML encompasses 3 key areas:
- GML’s rail and terminal business processes: including freight documentation, rail tracking, and other services (as appropriate) through the HERMES platform for freight control and tracking developed and designed by PTT Digital. For example, the HERMES platform can be used to track rail freight from origin to destination, reserve shipping containers, produce reports and shipping related paperwork – facilitating the shipping process for rail and terminal freight customers.
- Air Logistics: leverages technology to assist air freight customers to manage product storage/inventory at the air cargo terminal to facilitate both domestic and international shipments in the most efficient manner. The service is suitable for air freight businesses which import and export good to all business sectors.
- Cold Chain Logistics: leverages technology to handle cold storage and temperature and humidity-controlled freight shipments for the international digital trading of agricultural produce on Digital International Trading Platform. PTT Digital will develop the trading platform for GML to be the main logistic channel for trade in agricultural produce.
Mr. Kraiyasit Intarapanich, Acting President of Global Multimodal Logistics Company Limited, said that “this collaboration between GML and PTT Digital is an opportunity to integrate the technological capabilities of PTT Digital and the logistical capabilities of GML to develop the logistics platform to expand business opportunities and strengthen the Thai economy, which is an important part of PTT PCL’s economic role. PTT PCL’s vision is to support value creation for the Thai economy through rail and station, air cargo, and cold chain. In addition, this collaboration will result in the increased distribution of high-quality Thai products, shipped according to international standards of trade, to the international market; while increasing the competitiveness of Thai logistics on the world stage.”
PTT Digital and GML are devoted to developing and implementing technologies related to logistics including our logistics & tracking platform, which is designed to provide prompt solutions to logistical problems and enables customers to completely manage all logistical processes. Also, it enables businesses to efficiently reduce their logistics costs. It can manage inventories and track rail freight from origin to destination and plan needed maintenance. The logistics tracking platform is aligned with PTT Digital’s Smart Supply Management, Smart IoT, Smart Logistics, and Smart Maintenance. This increases competitiveness for Thailand and cements Thailand’s place as ASEAN’s logistics hub as aimed for by Thailand’s 13th National Economic and Social Development Plan and the Thailand 4.0 New S-Curve strategy.