Category Archives: Supply Chain

Redefining logistics to explore new business opportunities, India Warehousing Show (IWS), concluded on a suuccessful note with an overwhelming response from the visitors from the industry. Happening after a forceful break of two years due to pandemic, it is more than India’s leading exhibition on logistics and supply chain. India Warehousing Show in this edition offered all its participants an enriching business platform with a wider networking opportunity. The show offered a unique platform to find insights, seek relevant information, explore advanced technologies, network and generate valuable contacts, all under one roof. The event showcased highlights of the business calendar for the entire Supply Chain industry in India in the Logistics & Transportation industry.

Shypmax, India’s first and only AI-powered Logistics Platform as a Service (LPaaS) for cross border shipping, has secured an exclusive partnership with the Netherlands based B2C Europe, a Maersk company specializing in B2C parcel delivery services in Europe. The collaboration will enable Indian businesses to deliver their products to Europe, including the UK, based customers cost-effectively using a single-window platform. From Shypmax, Indian companies, especially SMEs, Direct-to-customer, B2C, and E-commerce firms, from over 27,000 pin codes, can deliver any product across European markets and beyond. Shypmax automates processes related to compliance with current regulations in the European Union. As India’s first Import One-Stop-Shop (IOSS) ready facility enabling centralised declaration and payment of VAT by European customers at the point of sale, Shypmax is saving Indian companies and the European customers from the hassles of navigating through different tax systems in Europe. The services also include customised labels, pickup, packaging, and door-to-door delivery via more than 100 connected carriers across Europe and beyond by B2C Europe.

Responding to November 2021, FIEO President, Dr A Sakthivel said that the monthly exports performance of USD 30.04 billion with a high double-digit growth of more than 27.16 percent, showcases the continuous resilience of India’s exports sector. The enthusiasm with which the Exim community has impressively performed during the year has further given a boost to the sector, thereby helping the economy move towards recovery following the second wave of Covid-19 earlier this year. The recent GDP numbers also showcases the positive impact of exports, which has contributed in a big way to growth of the economy as a whole, added FIEO Chief. The FIEO President said that the top sectors, which performed impressively during the month were Petroleum Products, Engineering Goods, Organic & Inorganic Chemicals, Cotton Yarn/Fabrics/Made-ups, Handloom Products etc., Electronic Goods, Marine Products, Plastic & Linoleum, Man-made Yarn/Fabs./made-ups etc., Leather & leather products and RMG of All Textiles. Out of these, many of them were labour-intensive sectors contributing majorly to the exports basket during the month, which itself is a good sign, further helping job creation in the country. However, imports yet again clocking over USD 52.94 billion during the month with a very high growth of 56.58 percent, is a point of concern and should be analysed, said Dr A Sakthivel.

ProcMart has launched its first-ever VMI app. The app will streamline inventory-management processes and operations, while also making ProcMart’s systems more mobile-friendly. Users will be able to access precise data on product usage on a real-time basis, consequently forecasting future demands and planning ahead in a seamless manner, via the platform. Additionally, they will have access to a plethora of features, including an easy-to-use barcode scanner, which will allow ProcMart to affix barcode tags to any products left at the client’s location. Owing to this feature, every time someone at the client’s premises needs to use that product, all they need to do is scan the barcode to register their usage. Using this app, ProcMart will be fully aware of the warehouse inventory at all times, which will also aid in better supply and procurement-management, by allowing the right products to be sourced at the right time. Commenting on the app launch, Anish Popli, CEO & Founder, ProcMart said, ‘With the launch of our VMI app, we aim to simplify the supply-chain as well as operations by recording all transactions, on-the-go. Procurement executives currently make up for about 73% of the workforce, which not only demonstrates the need to adopt mobile commerce, but also deliver a B2B-ready, mobile-friendly solution to clients. This app will significantly reduce the time and effort spent in operations, and consequently enhance capital efficiencies for our clients. Moreover, the app will also enable better supply of products for clients, owing to the availability of real-time data analytics, at the tap of a button.’

With an objective to promote young Entrepreneurs/Forwarders/Logistics Professionals, the Federation of Freight Forwarders Associations in India (FFFAI) is inviting applications from the Members of FFFAI Association Members (within the age group between 18 and 32 years as on January 1, 2021) to participate in the ‘FIATA Young International Freight Forwarder of The Year Award’ The award demonstrates recognition by FFFAI, FIATA and its participating sponsors of the need to develop quality in the forwarding industry and to reward young talent with valuable training opportunities. To participate in the nomination process pertaining to the awards, the candidates should have two years full time experience in Freight Forwarding, should submit the dissertation on the topic stipulated by FIATA, and should fulfil the condition stipulated in the registration form. The dissertation is an opportunity for the candidate to demonstrate a range of skills and qualities that are needed to pursue a successful career in international forwarding and supply chain logistics. It would demonstrate the knowledge base of the contestants concerning the following aspects: Identifying a problem or business opportunity; gathering relevant information on a specific situation; identifying possible changes or enhancements for the benefit of the forwarder or the client; evaluating the information and drawing one’s own conclusions; deciding what action should be taken; making reasoned and costed recommendations; quality of innovation and initiative; description and valuation of the situation, discussion of problems, opportunities, faults, relevant issues, benefits, costs, etc. There will be limitation of 4000 and 6000 maximum words for the Dissertation and may be supplemented by graphs, photographs, examples etc. and should be in a single unlocked Word Document file. The FFFAI Selection Panel will judge the contestants focussing on an …

FedEx Express and the world’s largest express transportation company, and Delhivery, the fastest growing fully-integrated logistics services player in India, announced the strategic alliance transaction signed in July has taken effect, following satisfaction of closing conditions including regulatory approval from the Competition Commission of India. This transaction combines the FedEx global network with Delhivery’s extensive pan-India network and technology solutions to bring the best of both worlds together. The investment and the commercial agreement between the two companies deepens the FedEx commitment to the India market, and signals a significant step in providing innovative services and solutions that aim to improve speed, efficiency, and access for FedEx and Delhivery customers, to unlock India’s international trade potential.

Shripad Y. Naik, Union Minister of State for Ports, Shipping & Waterways, and Tourism, Government of India, visited Jawaharlal Nehru Port Trust (JNPT), for a comprehensive Port visit. During his visit, the Minister closely observed the Port operations and was apprised about several infrastructural and technological advancements harnessed by the Port, enabling it to offer world-class services to the global maritime and EXIM community. During his visit across the terminals at JNPT, the Minister engaged with the Port stakeholders and explored numerous tech-enabled ‘Smart Port Initiatives’ that are being undertaken to optimize terminal operations in order to further enhance the Port’s efficiency and competence. In addition, the Minister also experienced the RMQC crane simulator, used for training efficient & skilled crane operators, who are an integral and core part of the Port operations.

Ecom Express Limited announced the launch of its first all-women Delivery Center in Delhi. The all-women Delivery Center is an initiative towards empowering women and providing them financial independence while strengthening the company’s Diversity and Inclusion agenda. Women force have already been inducted in the Delivery Center and it will be the first time in the company that a 10-member team, exclusively comprising women from the ranks of Delivery Center Head to Delivery Associates, will be engaged independently in all operational activities. Inaugurating the all-women delivery center, Manju Dhawan, Co-founder, Ecom Express Limited, said, “The launch of our all-women delivery center is a conscious agenda and an extension of our continued effort to supporting women with opportunities that empower them to grow and economically elevate them. Our aim is to create more and more opportunities for female team members across roles, including front-line delivery role as we remain steadfast in our approach to support them and their career progression.”

Responding to November 2021, FIEO President, Dr A Sakthivel said that the monthly exports performance of USD 29.88 billion with a high double-digit growth of more than 26.49 percent, showcases the continuous resilience of India’s exports sector. The enthusiasm with which the Exim community has impressively performed during the year has further given a boost to the sector, thereby helping the economy move towards recovery following the second wave of Covid-19 earlier this year. The recent GDP numbers also showcases the positive impact of exports, which has contributed in a big way to growth of the economy as a whole, added FIEO Chief. Praising the efforts and hard work of the exporters, Dr Sakthivel also welcomed the steps taken by the government under the able and dynamic leadership of Prime Minister, Narendra Modi and also the Union Finance Minister and the Union Commerce & Industry and Textiles Minister for showing confidence and trust on the exporters.

The Inland Container Depot (ICD) Birgunj, Nepal and Indian ports Kolkata and Visakhapatnam aims to offer greater flexibility and reliability for regional shippers with thw new link. Sudhir Sudhakaran, Inland Steering Manager Area India, said, “By expanding its presence in the hinterland bordering eastern India, the firm is able to capitalise on the booming import-heavy niche market.” The rail connection is a regular service, offering greater reliability for planning than previous road arrangements. Customers additionally will be able to receive a Through B/L and can directly take delivery of cargo in Nepal. “The partner we have chosen in Nepal is the ICD operator and now runs a private railroad, which ensures us access to infrastructure and strengthens our ability to deliver quality to our customers,” the company added. Customers can book their cargo up to ICD Birgunj with the choice of Kolkata and Visakhapatnam as gateway ports.