Distribution hurdles a bigger challenge, says EIU-Cargill Report

The Economic Intelligence Unit (EIU) has come out with a white paper which underlines distribution challenges in farm to fork value chain contributing to global hunger and impacting pockets especially in Asia. The report was commissioned by global commodities giant Cargill. Following are the major takeaways of the report: On a global scale, 1 billion people around the world suffer from hunger. Global food statistics tell us there is enough food produced in a year to feed each person 2,700 calories and 75 grams of protein a day. However, as…

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PHDCCI organised Ambassadors’ Meet

India’s trade and investment flows are anticipated to leapfrog to the next level as the reforms undertaken by the Government at the Centre have continuously focused on dynamic trade and investment facilitation measures during the last five years, said the Industry Body, PHD Chamber of Commerce and Industry (PHDCCI) in a press statements after conducting an Ambassadors’ Meet in Delhi last week.  Around 75 countries participated in the Ambassadors’ Meet organized on Wednesday, 24th April 2019 at the Taj Palace Hotel, New Delhi. Officials from the various Ministries and Departments of the…

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Export figures touch all time high in 2018-19

Indian exports in 2018-29 are estimated to have touched an all time high of over $330 billion beating the previous highest mark recorded in 2013-14. “Through secular growth over the last three financial years, following the major downturn in the face of the global slowdown, merchandise exports for 2018-19 are estimated at $ 331.02 billion, the highest ever, surpassing the earlier peak of $ 314.4 billion achieved in 2013-14. This has been achieved in a challenging global environment,” the commerce ministry said in a statement. Reacting to the overall merchandise…

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Government e Marketplace registers over Rs 23,000 crore of GMV

Government e Marketplace (GeM), the national public procurement portal offering end to end solution for all procurement needs of Central and State govt. departments and PSUs, has reported a four-fold increase in total value of transactions on the portal and doubling of number of sellers in the marketplace in 2018-19. According to a government release, the portal grossed over Rs. 23,000 crores in Gross Merchandise Value (GMV) through more than 17 lakh transactions on the platform during the financial year. The portal made over 8.8 lakh products available on its…

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Stellar’s third acquisition to strengthen positioning in express logistics

Anshuman Singh (former top executive of Future Supply Chain) led Stellar Value Chain Solutions has made its third acquisition since its formation in 2016. Warburg Pincus- backed company recently announced acquiring Patel Roadways, a known name in the express logistics space.  “With the Patel Roadways acquisition, we intend to make deeper inroads in the Express and LTL distribution space across the country. Patel Roadways is an extremely reputed brand and we have known it well for decades,” Stellar chairman and managing director Anshuman Singh has been quoted as saying in…

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DP WORLD – SMS TO DEVELOP BOXBAY

Global logistics major DP World has joined hands with industrial engineering specialists SMS Group to launch a new high bay storage system – Boxbay According to a company release, “ Boxbay represents a new and intelligent High Bay Storage (HBS) system that will be ready in time for the Dubai Expo 2020 with a pilot project scheduled at Jebel Ali Terminal 4.” The patented design and rack structure of the system creates unique advantages with containers stored up to eleven stories high, delivering the capacity of a conventional terminal in…

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GRM strikes a major distribution deal in UAE for Tanoush basmati

GRM Overseas, known for its “ Tanoush” basmati rice offering and India’s third largest basmati rice exporter to the world and second largest to the Middle East, has formed a strategic alliance with MAN Consumer, one of the fastest growing FMCG distributors in the United Arab Emirates (UAE). The distribution deal is expected to result in facilitating access to 22 Hypermarket Carrefour stores in the UAE.   Going forward, MAN Consumer will place GRM brands with other major retail outlets and supermarkets across the UAE. GRM started selling its own…

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