Dalrada Corporation (OTCQB:DFCO) has announced that its IT engineering subsidiary Prakat Solutions Inc has partnered with Singapore-based ValueQwest Private Limited to expand the digital transformation of global supply chains.
According to a report by Global Industry Analysts, digital transformation is now visible in all industrial sectors and over 60% of North American, European, and Asian companies expect to “witness a higher velocity of change in digital transformation.”
The report also noted that worldwide digital transformation spending in logistics is now projected to reach US$75.5 billion by 2026, growing at a compound annual growth rate (CAGR) of 8.8% over the analysis period, up from a 2020 estimate of US$45.6 billion.
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Significantly, Prakat’s supply chain software engineering includes blockchain-as-a-service (BaaS) to increase business workflow efficiencies with accountability, transparency, and secure, real-time data access.
In a statement, Prakat founder Anuradha Biswas said: “Dalrada and Prakat are excited to partner with ValueQwest to develop scalable solutions that empower our clients’ continued success. Prakat initially engaged with ValueQwest to create a talent pool of technology specialists who understand the supply chain domain and can easily fulfill roles for systems integrators either at end-customer locations or as consultants.”
“Prakat looks forward to sharing more advances with digital transformation of supply chains and systems integration soon,” she added.
ValueQwest is a knowledge company that transforms growth and innovation through strategy, design, implementation, and expansion of supply chains with a strong digital transformation strategy and sales enablement. “Adding value to this equation is Prakat’s software engineering team of experts who design simplified secure workflows that enable success in today’s demanding business environments,” said the company.
“The only way to transform and grow in the innovation-driven world today is through creation, acquisition, and diffusion of new knowledge,” said Dr Kaushik Ghatak, who is the founder of ValueQwest. “I truly believe that ValueQwest and Prakat bring together complementary skills which can provide a huge value to our joint customers.”
Prakat serves businesses of all sizes – from Fortune 50-ranked to small-to-medium clients – from its offices in India and the US. Prakat and ValueQwest’s combined customer base spans 17 countries and includes companies like Athena Health, Barry Callebaut, BPCL, Equinix, Fuji Xerox, Huntsman, Infosys, Intuit, Microsoft, Mondelez, Oracle, PPG, Quicken, and Vodafone.
“A new pilot program designed by Prakat and ValueQwest is launching with a global customer that is the leader in next-generation digital services and consulting to supplement their consulting teams in digital Supply Chain Technologies,” said the company. The program is designed to scale, for clients that are ready to adopt digital transformation, it added.
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