Monday, May 20Logistics That Matters

Business

DB Schenker wins freight forwarding and customs clearance contract

DB Schenker wins freight forwarding and customs clearance contract

Business, Freight, Logistics, Uncategorized
DB Schenker has announced that it has been awarded a contract to provide international freight forwarding and customs clearance services to Chevron Australia. The three-year contract covers freight logistics movements as well as customs clearance requirements for Chevron’s interests in Western Australia. To support the contract, DB Schenker will utilise its global network of oil and gas offices. The operations team in Perth will be supported by the DB Schenker iTeams software solution that allows for full visibility and tracking through all stages of the logistics cycle. “We are proud to continue our relationship with Chevron. With our dedicated people around the world we have a strong record of operating safely and efficiently even on the most remote sites,” said Frank Vogel, Direc
Sadleirs Global Logistics receives Australian Trusted Trader accreditation

Sadleirs Global Logistics receives Australian Trusted Trader accreditation

Business, Logistics, Uncategorized
Sadleirs Global Logistics has announced that it is the first national customs brokerage and international freight forwarder to be fully accredited as an Australian Trusted Trader by the Australian Border Force (Customs). “This is another pioneering milestone for Australia’s oldest family business,” Sadleirs wrote in a press release. “We were initially selected and are now fully accredited as a result of our strong security practices and very long history of compliant behaviour.” Australian Trusted Trader is a trade facilitation initiative that recognises businesses with a secure supply chain and compliant trade practices. It provides accredited businesses with a range of trade facilitation benefits. Australian Trusted Trader is an Authorised Operator (AEO) programme, one of ma
Railways supply chain to go digital

Railways supply chain to go digital

Business, Customs, Uncategorized
With 100% E-tenders and E-auctions already  assimilated into the system, Railways is further planning to build on these initiatives to achieve seamless flow of material, finances and information. The Indian Railways will be launching digital contract, a system of digitisation of its entire supply chain across all zones. The step is aimed at improving the ease of doing business and transparency. With 100% E-tenders and E-auctions already  assimilated into the system, railways are further planning to build on these initiatives to achieve seamless flow of material, finances and information. Digital contract, a seamlessly integrated digital supply chain, to be launched by Railway Minister Suresh Prabhu on April 11, envisages involving stakeholders including industries, financial in
Myntra acqui-hires logistics co

Myntra acqui-hires logistics co

Business, Customs, Uncategorized
BENGALURU: Fashion e-tailer Myntra has acqui-hired logistics startup InLogg to address its delivery inefficiencies in terms of cost and reach. InLogg, founded by ex-Flipkart employees, partners with local courier firms in Tier II and Tier III towns to enable deliveries in non-metro cities. Delivering a shipment in remote parts of non-metro cities is a high cost affair for e-commerce companies. Myntra's head of strategy Ananya Tripathi told TOI getting InLogg on board will reduce delivery costs for the Flipkart-owned online retailer in smaller cities by about 25%. "We were already doing some business with them but now it will allow us to leverage their reach to enhance our own. While we would see delivery costs going down with InLogg, the time frame to deliver to pincodes in north-east a...
Indian Logistics Industry: Current Scenario and Future Outlook

Indian Logistics Industry: Current Scenario and Future Outlook

Business, Uncategorized
Logistics is regarded as the backbone of the economy, providing efficient and cost effective flow of goods on which other commercial sectors depend.  Logistic industry in India is evolving rapidly, it is the interplay of infrastructure, technology and new types of service providers, which defines whether the logistic industry is able to help its customers reduce their costs in logistic sector and provide effective services. Despite of the weak economic sentiments, the logistics industry continues to witness growth due to the growth in retail, e-commerce and manufacturing sectors. The Global Logistics sector was expected to grow 10-15% in the period 2013-14. Logistics industry is expected to reach over USD 2 billion by 2019. Rise of e-commerce logistics and increased domestic consumption
How Indian Logistics Startups Are Driving Efficiency In Truck Industry

How Indian Logistics Startups Are Driving Efficiency In Truck Industry

Business, Logistics, Technology, Uncategorized, Warehouse
Logistics and transportation play a crucial role to help the economy of India to sustain. You can call them as the nervous system to a country’s economy. And talking about a developing nation like India, with the rise of e-commerce platforms, logistics is growing like it’s no one’s business! Increase in retail outlets, affluent demands from customers and increased connectivity are some of the major reasons why logistics is on a roller coaster. In spite of all these factors, you’ll come across a slew of problems which affects the industry to achieve its maximum potential. In fact the global cost of logistics accounts to approx 5 percent compared to 6 to 10 percent of what we have in India. Well, that means we still have a gigantic scope to improve our revenue margins by implementing bett
Japanese logistics firms expand Indian operations

Japanese logistics firms expand Indian operations

Business, Freight, Logistics, Uncategorized
Japanese logistics companies are racing to step up their operations in India to cash in on the rapidly growing South Asian market, with Suzuyo & Co. and MOL Logistics (Japan) Co. establishing local subsidiaries, while Nippon Express Co. opened a new warehouse. Japan’s logistics companies are increasingly turning to India as the Chinese economy is losing steam and the Japanese economy expands only moderately, as the Indian economy is expected grow faster than China and Japan in real terms. The International Monetary Fund predicted in its latest global economic outlook on April 18 that the Indian economy will grow 7.2 percent in 2017 and 7.7 percent in 2018, while the Chinese economy will grow 6.6 percent in 2017 and 6.2 percent in 2018. As a result, Suzuyo has established a local subs
Wal-Mart Wants Suppliers to Eliminate a Gigaton of Greenhouse Gases by 2030

Wal-Mart Wants Suppliers to Eliminate a Gigaton of Greenhouse Gases by 2030

Business, Logistics, Uncategorized, Warehouse
Wal-Mart Stores Inc., long known for squeezing its suppliers on prices, is now pressuring companies including Unilever and Colgate-Palmolive Co. to help the world’s biggest retailer remove a billion metric tons of greenhouse gas emissions from its supply chain by 2030. The retailer’s target—which it’s calling Project Gigaton—equates to taking 211 million passenger vehicles off the road for an entire year, according to a statement from the company. As part of the goal, Wal-Mart will also look to reduce emissions in its own operations by 18% by 2025. The bulk of the reduction will come from suppliers including General Mills Inc., Campbell Soup Co., and Unilever, according to Laura Phillips, Wal-Mart’s senior vice president for sustainability. “We’ve made progress in our own operatio
Flipkart plans several sales events, private labels push ahead of 10th anniversary

Flipkart plans several sales events, private labels push ahead of 10th anniversary

Business, Logistics, Uncategorized
India’s largest e-commerce firm Flipkart plans to hold more sale events over the course of the next 6-9 months, engage more with disruptive, new start-ups and push into more verticals as part of its private label push, as it gears up to celebrate its 10th anniversary amid broader discussions to close a mammoth round of funding. In an interview on Tuesday, Flipkart chief operating officer Nitin Seth said it was launching a new campaign called the Big 10 to mark its anniversary, as part of which the online retailer plans to host a slew of events for its customers, home-grown start-ups and other stakeholders. “The Big 10 theme is very much going to be part of our sale events this year,” said Seth, who in an earlier interview in March had projected that Flipkart would grow sales by at leas
Snapdeal’s top investor pushes sale to Flipkart

Snapdeal’s top investor pushes sale to Flipkart

Business, Uncategorized
Japanese telecoms and internet giant SoftBank is orchestrating a possible merger between the struggling Snapdeal and its bigger rival, Flipkart, according to people close to the development. The deal, if it materialises, could bring about the most significant consolidation in the cash-guzzling domestic e-commerce market. SoftBank is likely to invest up to $1.5 billion in the merged entity by picking up primary and secondary shares, giving it around 15% in the Flipkart-Snapdeal combine. With a little over 30%, SoftBank is the largest investor in Snapdeal, which was valued at $6.5 billion in early 2016. The deal may include a $1 billion share sale by Flipkart's largest investor, New York-based Tiger Global, along with an infusion of fresh equity by SoftBank, people in the know said. Tiger...