Friday, November 27News That Matters

Logistics

Expert Panel suggests Corridor – Wise SPVs for developing Dedicated Freight Corridors

Expert Panel suggests Corridor – Wise SPVs for developing Dedicated Freight Corridors

Logistics
The development of Dedicated Freight Corridors has emerged as one of the  key solutions to improving  logistics in India. The emphasis here is on connecting  centres of economic importance in the most efficient ways using an optimal, multi-modal mix of transport, so that there is  consistent  and congestion free passage of cargo along key routes.  Such efficient transport of cargo will bring about the much needed reduction of logistics cost.   A special session at the India Integrated Transport & Logistics Summit (IITLS) discussed the key issues related to the development of such corridors. The Union Minister of State, Commerce & Industry Smt Nirmala Sitharaman addressed the session that was  chaired by NHAI Chairman Shri Yudhvir Singh Malik  and co-chaired by Shri. Vina
Multimodal Logistics Parks: Way Forward for Reducing Logistics Cost

Multimodal Logistics Parks: Way Forward for Reducing Logistics Cost

Logistics
Multi Modal Logistics Parks are the way forward for reducing logistics costs in India, and the Government needs to focus on putting in place the right regulatory and institutional support for building the same.  A panel of experts discussed the issue at the India Integrated Transport & Logistics Summit at Vigyan  Bhawan in New Delhi yesterday. Developing a network of multimodal logistics parks (MMLPs) to act as logistics hubs will address the issues of unfavorable modal mix, inefficient fleet mix and an underdeveloped material handling infrastructure. Logistics parks are expected to help transition from the current situation of point-to-point freight movement to an ideal situation of hub and spoke model freight movement. The large-scale investment required for developing logistic
Supply Chain Transformation: Storage Innovations

Supply Chain Transformation: Storage Innovations

Logistics
The lack of adequate and efficient warehousing and storage facilities is recognized as a major weakness of the logistics system in India. A panel of experts at the India Integrated Transport and logistics Summit deliberated on the issue of how to bring about supply chain transformations in the country. Mr Nick Vyas  from the Centre for Global Supply Chain Management, USC Marshall, talked about multi-partner collaborative supply chain models in developed economies. He suggested that future supply chain requirements will depend on the increasing number of megacities and rising disposable incomes. He also stressed on the importance of aligning supply chains with evolving distribution channels on account of disruptive technologies like drones and AGVs. Mr. Mike Mullin,Senior Director for
Myntra acquires logistics start-up InLogg

Myntra acquires logistics start-up InLogg

India, Logistics
Flipkart subsidiary Myntra has acquired logistics start-up InLogg. The acquisition will strengthen the supply chain capabilities. Myntra announced the acquisition of InLogg on Wednesday. The acquisition by Myntra will help it address its delivery inefficiencies in terms of cost and reach. InLogg was founded by ex-Flipkart employees and partners with local courier firms in tier II and tier III towns so that it can enable deliveries in non-metro cities. The cost associated with delivering to remote parts of non-metro cities are high in cost for e-commercies companies. The acquisition of InLogg is expected to reduce the delivery costs of Myntra in smaller cities by about 25%. Myntra's acquisition deal will entail the induction of the InLogg team into the company. InLogg was starte...
Walmart has a new kind of discount – and it’s impossible for Amazon to beat

Walmart has a new kind of discount – and it’s impossible for Amazon to beat

India, Logistics
Walmart is rolling out a new discount for online shoppers that will be challenging for Amazon to beat. Starting April 19, the retailer will offer a discount to customers who ship purchases to one of Walmart's more than 4,100 US stores, instead of to a home address or elsewhere. Here's how it works: While checking out online for a purchase - for example a $1,698 Vizio flat-screen TV - shoppers will be given the option to ship the item to a store or have it sent elsewhere. If the shopper chooses to ship it to a store, Walmart will knock $50 off the purchase price. If the customer chooses to ship it to their home, the price will stay the same and Walmart will deliver it to another address for free in two days or less . Discounts will vary for every product. Generally, bigger items...
Flipkart plans several sales events, private labels push ahead of 10th anniversary

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

Logistics
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 le
Largest Indian Engineering Sourcing Show opens in Chennai

Largest Indian Engineering Sourcing Show opens in Chennai

Logistics
Unfazed by global headwinds and forces of protectionism in some of the leading economies, India is all set to showcase its technological and engineering prowess to top international firms at the 6th edition of the International Engineering Sourcing Show(IESS) at Chennai,expecting significant business deals during the three-day event, beginning March 16. IESS VI was inaugurated in a gala ceremony on 16th March 2017 in Chennai by Smt. Nirmala Sitharaman, Minister of Commerce & Industry (Independent Charge), Government of India; Shri Denis Manturov, Minister of Trade & Industry, Russian Federation; Shri Girish Shankar, Secretary, Department of Heavy Industry Government of India,Shri Mangat Ram Sharma, Principal Secretary, Government of Tamil Nadu, Shri T S Bhasin, Chairman, EEPC In...
Central funding to metro line to Bengaluru airport

Central funding to metro line to Bengaluru airport

Business & Corporate, Logistics, Tours & Travels, Uncategorized, World
The confusion surrounding the metro rail link to Kempegowda International Airport (KIA) finally seems to have been cleared with the Centre agreeing to fund the project costing Rs.6,000 crore. The cost would be shared on a 50:50 basis by the Union and the State governments. Minister for Bengaluru Development K.J. George and Union Minister of State for Aviation Jayant Sinha discussed at a meeting on Friday various routes that could connect the city and the KIA. Mr. George told reporters that nine such alternative routes have been identified by RITES Ltd., an engineering consultancy company. After finalising a route, a proposal seeking the Centre’s funding would be submitted to the Union Aviation Ministry. The route would be finalised after consultations with all stakeholders, he sai
Transport Research Arena TRA 2018

Transport Research Arena TRA 2018

Business & Corporate, Logistics, World
Transport Research Arena - TRA 2018 in Vienna is now open for abstract submission until March 21 2017 TRA 2018 is an arena for researchers, scientists and engineers, companies and public authorities active in the field of transport. It welcomes policy makers and stakeholders framing research and transport policy. The TRA 2018 programme includes a range of different session formats that will offer ample opportunity to share information on recent findings and to discuss the aforementioned challenges and opportunities. In scientific and technical sessions, a broad spectrum of research and innovation activities will be discussed, ranging from basic research findings over application-oriented engineering and socio-economic aspects to policies and standards. Key focus areas in TRA-2018 ...
Today’s Top Supply Chain and Logistics News From WSJ

Today’s Top Supply Chain and Logistics News From WSJ

Logistics
Delivering up-to-the minute news, analysis, interviews and explanatory journalism on logistics, supply-chain management, e-commerce and more... The toy world is bracing for a real-world battle over import taxes. Mattel Inc.,Hasbro Inc. and other U.S. toy makers face significant new costs under a proposal called border adjustment, the WSJ’s Paul Ziobro and Richard Rubin report, potentially forcing them to raise prices significantly or take big hits to their earnings. Part of the congressional Republican plan to overhaul corporate taxes, the proposal would mean imports couldn’t be deducted as a cost of doing business, while exports would be exempted. The idea is raising alarms in the $25 billion toy industry, which shipped its manufacturing decades ago to Asia, where a sophisticated and tig