Category Archives: Technology

The Federation of Freight Forwarders’ Associations in India (FFFAI) and the National Association of Freight & Logistics (NAFL) based in Dubai, UAE signed a Memorandum of Understanding (MoU) with the objective of the recording and forming the basis of understanding between the said associations to strengthen, promote, and develop co-operation on the basis of equality and mutual benefits. The agreement was formally signed by Shankar Shinde, Chairman, FFFAI, and Nadia Abdul Aziz, President, NAFL. As per the MoU, key areas of work jointly by FFFAI and NAFL are as follows: a) Trade Support, b) Technology Exchange, c) Women’s Participation, d) Youth Promotion, e) Member Support Safety, f) Skill Development and Training, g) Business Opportunities, and h) Any other areas of cooperation. The cooperation would also extend to identifying and recommending members to securely do business and safeguarding/protecting them by providing services and support pertaining to payment reliability. “In view of the fact that there is a trend of increasing trade between India and the UAE and Dubai being one of the strategic hubs of logistics operations, the MoU is very significant. Both FFFAI and NAFL are playing catalysing roles in trade facilitation in their respective countries, i.e., India and UAE. The MoU would further explore new areas for win-win benefits for the members of both the associations in terms of business expansion and enhancement of skills,” shared Shinde. With the recent signing of the India-UAE FTA, the trade between India and the UAE is expected to touch USD 100 billion in the next 5 years, with most Indian items now duty-free in the UAE. FFFAI is the apex body and the sole representative of 28 member associations from all over …

FedEx Express today revealed the findings of its ‘Future is Now’ study among Gen Z (18–24 years old). As the fastest growing economy today, India is home to a fifth of the world’s youth, with half of its 1.3 billion population below the age of 25. The study offers valuable insights into the priorities of the younger generation in the country. With the future becoming more dynamic than ever, there is a substantial shift in the way generations are embracing ‘what’s next’, with new technologies and an interest in sustainability impacting both business and individual lifestyles. This is particularly true for Gen Z. According to the ‘Future is Now’ study, 38% of Gen Z respondents associated the phrase ‘Future is Now’ with technology advances in business, healthcare, education, and transportation, 33% to sustainable development; 13% to the rise in the use of robotics and artificial intelligence; 10% to living on Mars; and a mere 6% to expecting everything to be personalised for them. “The results of this study, particularly the responses of the younger population, reinforce our commitment to experimenting with sustainable technologies that benefit and align with our customers’ goals. As an industry leader, we have a responsibility towards the next generations and take bold actions by constantly innovating to meet future expectations,” said Mohamad Sayegh, Vice President of Operations for FedEx Express in India. “FedEx is a vocal advocate for modernising technologies that enhance the next generation of transportation vehicles and devices. Globally, we are testing Roxo, the autonomous FedEx SameDay Bot for last-mile deliveries, which is designed to reduce carbon emissions, traffic congestion, and noise pollution,” added Sayegh. The study also highlights what Gen Z considers when …

Blue Dart has introduced the ‘Ugadi Express’ offer to commemorate the New Year festivities. Ugadi Express enables customers to send their loved ones the warmth and joy of the New Year in the form of gifts, sweets, and much more. Offering a reach of over 220 countries and territories across the globe, Ugadi Express offers premium and reliable services at discounted rates. Leveraging this offer, customers can avail a 40% discount on international shipments weighing 5 kg and a 50% discount on international shipments weighing between 10 kg and 20 kg. The offer is valid in the states of Andhra Pradesh, Karnataka and Telangana till April 02, 2022. Blue Dart’s focus on curating premium experiences for customers has always set its services apart in a highly competitive environment. The brand has successfully stayed ahead of the curve by understanding the pulse of its customers and introducing relevant services even before the need arises. Ketan Kulkarni, Chief Commercial Officer, Blue Dart, says, “World over, people are eager to address and accept the pandemic as an ‘endemic’; however, fear of contagion continues to linger. The festivities of the New Year necessitate being in the presence of loved ones, presenting and receiving the festive spirit in the form of gifts, sweets, and much more. Given the fear of contagion, our customers continue to remain wary. To provide a reliable, responsive, and resilient solution for them, we have launched ‘Ugadi Express’. Our customers deserve to experience the closeness of their loved ones and their support, no matter where they are in the world. Moreover, even as the pandemic increases distances, Blue Dart works hard to ensure that the world continues to remain a small …

The Executive Committee of the Federation of Freight Forwarders’ Associations in India (FFFAI) hosted its 4th EC Meeting on March 23, 2022 in Dubai while participating in the World Expo 2020 in association with the Federation of Indian Export Organisations (FIEO) organised event, the 3rd Logix 2022, which started on March 21, 2022. On this occasion, the three-day FFFAI delegation, headed by Shankar Shinde, Chairman, FFFFAI, had various meetings and conferences, including the importance of the India-UAE CEPA agreement. FFFAI Executive Committee members included representatives from its 28 member associations from across the country, and the logistics sector was represented by a delegation. During the 3-day delegation, there were various business networking meetings organised with trade and logistics associations. Shinde pointed out that the initiatives of FIEO-FFFAI in organising the delegation to the event for logistics are very important as logistics is the backbone of the economy and plays an important role in supply chain and cost-effective solutions to boost the economy. The 3-day mega international buyer-seller meet LOGIX INDIA is an initiative focused on improving cost-effectiveness and operational efficiencies and creating an effective trade logistic system. According to FIEO sources, the first two editions of the show, which were held in New Delhi, witnessed over 3,000 B2B meetings. The past editions of the show had over 120 international delegates from over 24 countries and around 140 Indian logistics, warehousing, and shipping companies. The show is aimed at exploring investment opportunities in infrastructure development, warehouse consolidation, technology integration, IT enablement, and the skilling of manpower. The third Logix India 2022 brought together people, processes, and technology to improve global supply chain logistics. Currently, India’s logistics sector is highly fragmented, and …

At the inauguration of the 3rd edition of LOGIX India in Dubai, H.E. Dr. Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, UAE, said: “The India-UAE Comprehensive Economic Cooperation and Partnership Agreement (CEPA) shall result in accelerated trade and investment and shall open a new world of opportunities.” Dr. Thani Al Zeyoudi said India is the UAE’s largest non-oil trade partner and the future is bright for India-UAE collaborations in global supply chain logistics. Thanking H.E. Dr. Thani Al Zeyoudi for inaugurating the event, Dr. A Sakthivel, President, FIEO, said, “India is committed to spending US $1 trillion on various infrastructure in the next 5 years, which will facilitate our logistics by bringing efficiency and reducing its cost.” “Logistics is an important component of the economy, and its role in manufacturing and exports can hardly be undermined. The logistics cost in India is about 14% of GDP, as against the international benchmark of 8-9%. However, the focus of the government on addressing the cost through various measures has already started yielding results. The government is implementing the dual Bharatmala (road network) and Sagarmala (waterways network) to improve the logistic backbone,” added Dr. A. Sakthivel. HE Ahmed Mahboob, Director General of Dubai Customs and the CEO of Ports, Customs and Free Zone Corporation, said, “UAE has made significant progress in technology upgradation in customs and the logistics sector and looks forward to supporting India in its mission for logistics sector transformation.” Complementing FIEO on organising LOGIX India in the UAE, Sandeep Kumar Bayyapu, Deputy Chief of Mission, Indian Embassy, UAE, mentioned, “The Indian economy is on the upswing. We have become the fastest-growing major economy in the world. …

Maersk Kanoo UAE, an integrator of container logistics, today inaugurated its first Integrated Logistics Centre in Dubai, UAE, at DP World’s leading trade and logistics hub, Jafza. The Maersk Integrated Logistics Centre was inaugurated by Richard Morgan, Regional Managing Director, Maersk West & Central Asia and Christopher Cook, Managing Director, Maersk UAE, in the presence of Maersk’s top W&D customers in the UAE. “It is an important milestone for us today as we inaugurate our first Integrated Logistics Centre in the UAE and strengthen our commitment towards our customers in the Middle East. Our journey towards creating end-to-end logistics solutions is taking a definite shape as we continue to connect and simplify our customers’ supply chains through solutions that are designed and executed considering their specific requirements and challenges,” said Morgan. Ocean shipping and inbound logistics and distribution have traditionally been shared amongst multiple stakeholders in the region, resulting in complex logistical requirements. With the brand new Integrated Logistics Centre in Dubai, Maersk is taking an important step towards building a truly integrated solution for its customers wherein the customers will get a single window access to multiple logistics requirements, not only for the goods flowing in and out of the UAE but even other Middle Eastern countries that use Dubai as a gateway to global trade. Decarbonising logistics and services Maersk has a strong commitment to decarbonising logistics and services. The facility will have solar panels on its rooftop to cater to all of its electricity requirements for facility operations. The 434 MWh/year clean energy production of this installation will reduce more than 1,700 tonnes of carbon emissions over 10 years, an equivalent decarbonisation feat achieved by planting over …

LATAM Airlines Group announced that it will compensate the CO2 emissions of the first nine routes in Chile, Ecuador, Peru, Brazil, and Colombia every Friday through its “Let’s Fly Neutral on Friday” programme. Through this initiative, which is part of the group’s sustainability strategy, LATAM will support conservation projects that prevent deforestation in strategic ecosystems in South America by offsetting CO2 emissions generated on routes, including passenger and cargo flights. Emblematic passenger routes will be offset at a regional level, including Santiago-Chiloé, Galapagos-Guayaquil, Arequipa-Cusco, and Rio de Janeiro-São Paulo. LATAM will also offset cargo flights on routes including Iquitos-Lima, Guayaquil-Baltra Island, Brasília-Belém and Bogotá-Miami routes. LATAM plans to gradually incorporate new routes and more conservation projects into each country in the coming months. “This initiative is another step that we have been implementing to reach carbon neutrality by 2050. Let’s Fly Neutral on Friday will allow us to turn one day of the week into an opportunity to support strategic ecosystem conservation projects in the region. These projects not only offset CO2 emissions, but they also contribute to protecting biodiversity and the economic development of communities,” said Juan José Tohá, Director of Corporate Affairs and Sustainability of LATAM. Each carbon dioxide (CO2) tonne emitted on these routes will be offset with a carbon credit, equivalent to one tonne of CO2 captured by a conservation project. The carbon offsetting of these routes will initially be managed through the CO2BIO flooded savanna conservation project, located in the Colombian Orinoquía, a strategic ecosystem that has iconic biodiversity. The initiative will conserve 200,000 hectares of floodable savannah, providing habitat for more than 2,000 species. Over the next few months, LATAM Airline Group hopes to …

MSC is pleased to be part of the Freight Logistics Optimization Works (FLOW) data-sharing initiative, launched at the White House on March 15, 2022. This major project will help to clear supply chain bottlenecks by improving freight information exchange between key stakeholders and consumers, leading to faster delivery times and reduced costs for consumers. A diverse taskforce representing many stakeholders FLOW includes 18 initial participants, with the aim of welcoming more in the future. Representing diverse perspectives across the supply chain, partners include US-based port authorities, terminal operators, private businesses, logistics, and warehousing companies, as well as the ocean carriers MSC and CMA CGM. The FLOW partners will work together with the US Administration to develop a more efficient and transparent way of sharing information. The idea is to create a new digital tool where each company can share accurate, cargo-related data in real-time. “We are pleased to join and support the FLOW initiative led by the US Department of Transportation, as we strongly believe that a common and interoperable digital infrastructure throughout the container shipping industry is a critical step to making supply chains more efficient, secure, and resilient. Collaboration with governments and other key industry stakeholders is of paramount importance to MSC, and there is no doubt that this initiative will strengthen the foundation for the seamless, end-to-end exchange of information we all need to keep global trade moving today – and tomorrow,” said André Simha, Chief Digital and Information Officer at MSC. Shaping the future, together MSC is committed to building strong, cross-industry partnerships that pave the way towards a better future for shipping by taking advantage of digitalization opportunities. Examples of the company’s recent collaborations include …

The Dredging Corporation of India has signed a historic Ship Building Agreement for the first Make in India project for the construction of the first Beagle Series 12 Trailing Suction Hopper Dredger of 12000 Cubic Meter capacity at Cochin Shipyard Limited today in the presence of Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, MoS Shripad Naik, and Secretary for Ports, Shipping and Waterways, Dr Sanjeev Ranjan. Speaking on the occasion, Sarbananda Sonowal said the Ministry, noting the importance of dredging for the operation of ports, has issued Dredging Guidelines for Major Ports. He said the need for sufficient dredgers is of utmost importance for timely completion of dredging and that the new dredgers would be able to bring in the much-needed efficiency and timely completion of dredging. He said this in turn would enable the smooth operation of vessels. Sonowal said the dredger built under the ‘Atma Nirbhar Bharat’ concept is one of the largest initiatives under Atmanirbhar Bharat and is a true reflection of international collaboration for Make in India. He said the Ministry, under the guidance of Prime Minister Narendra Modi, would be able to fulfill the objectives of the Maritime India Vision 2030 with well-equipped dredgers for the operation of ports to bring down the logistical cost of the cargo. Sonowal said that this Ship Building Agreement would also benefit from the Shipbuilding Financial Assistance Policy (SFAP) (2016) of the Ministry of Ports, Shipping & Waterways for Indian Shipyards for shipbuilding contracts secured between 01.04.2016 and 31.03.2026. Financial assistance is granted under this policy to Indian shipyards equal to 17 per cent of the lower of “contract price” or “fair price” or “actual payments received”, …

The FIATA Multimodal Transport Institute (MTI) gathered to address the implications of the ongoing events in Ukraine for freight forwarding and logistics spanning sea, rail, and road transport. Aside from the catastrophic human repercussions, which the industry is particularly sensitive to, global supply chains, which have already been weakened by the effects of the pandemic and the current maritime crisis, are being severely disrupted. Driver shortages, difficulty transporting freight within the impacted zone, and capacity challenges have all been cited. Rising fuel prices are projected to be a concern for the whole industry. It was observed that multimodal solutions are critical to guaranteeing the movement of commodities throughout the impacted area during this war, with border crossings apparently feasible by rail transit via Moldova and the Port of Galati, or via Romania, which gives port access. Trans-Caspian routes are projected to be crucial. Members of FIATA should be aware of the sanctions imposed by certain countries in reaction to the conflict, and should visit the appropriate government pages on a regular basis. Countries currently enforcing relevant sanctions include, among others, Australia, the European Union, the United Kingdom, and the United States. It is understood that more sanctions are being considered.