“ We will introduce robotics based sortation solution next year in India”

GreyOrange, a leading emerging name in high end automation aligned to logistics and consumer  businesses, is all set to unveil robotics based sortation system in the Indian market. At the recently concluded India Warehousing House, the company for the first time displayed its next big offering which promises of high throughput sortation with several other benefits. Vivekanand, Country Manager, GreyOrange provided the details of this new offering in a brief chat with Ritwik Sinha on the sidelines of the exhibition even as he refused to comment on the possible pricing…

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Demand outgrows grade-A warehouse supply

According to a recently released report by real estate consultancy firm JLL India, for the first time in the last four years, the demand for A-grade warehousing in the country has exceeded the actual supply on the ground. The agency has noticed this change in the first quarter of 2019. While emphasizing that the regulatory changes like the implementation of GST and infrastructure sector status is changing the fortune of warehousing industry, the report by JLL India maintained that the annual demand of around 32 million sq ft has outstripped…

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Huawei founder emphasizes on open collaboration

Believed to be caught in the cross fire of trade war between two economic giants, China and US, the Chinese technology major Huawei’s founder and CEO Ren Zhengfei recently emphasized on the need of unhindered open collaboration to benefit the global consumers vis-à-vis new age technological innovation. Zhengfei was participating in an international press meet which also included Nicholas Negroponte, co-founder of the MIT Media Lab and noted venture capitalist George Gilder. Addressing how Huawei will engage American companies who wish to keep supplying it with products, Zhengfei commented: “All…

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Stellar aspires to become the fastest Rs 1000 crore topline logistics firm

3PL firm Stellar Value Chain, spearheaded by Anshuman Singh (former top executive of Future Supply Chain), has set the target of becoming the fastest logistics firm in the country to touch Rs 1,000 crore topline level. Speaking to news agency Moneycontrol recently, Singh said that the company is likely to touch revenue level of Rs 1000 crore by FY21. The company was formed in 2016 and at the end of the current fiscal, it is expecting to clock Rs 700 crore revenue. Having made some significant acquisitions since its formation …

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Auto industry demands GST to be lowered to 18%

Rajan Wadhera, President of SIAM, the apex body of automobile manufacturers in the country has strongly emphasized that all the players in the passenger car, commercial vehicle as well as two/three-wheeler segments are united in seeking a reduction in the GST rate from 28% to 18%. Wadhera was reacting to media reports that some auto industry leaders, do not agree to the SIAM proposal for GST reduction on vehicles. In a press release, SIAM maintained that the automotive industry is currently facing a daunting challenge of a deep slowdown that urgently…

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Rivigo’s freight index promises to bring transparency

In its bid to initiate transparency in the road freight marketplace estimated to be a over $150 billion annual business in the country, technology enabled logistics firm, Rivigo, has launched a National Freight Index (NFI). The exchange promises to provide live spot rate on over 7 million lane and vehicle type combinations in the country by aggregating live rates and historical trends of spot price movements in the road freight industry. The index is represented in two main forms: In terms of actual freight rates condensed to INR per ton-km and…

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Fisher Yuan to spearhead Coolpad India

Coolpad has announced the appointment of Fisher Yuan as its new India CEO. As the CEO, Fisher will be driving the mission and vision of the company while overseeing its day-to-day operations. As Coolpad further strengthens its presence in India, Fisher will create a strategic roadmap for optimum market penetration on the back of the brand’s consumer-centric R&D practices. Fisher moves to the CEO position after spending a major chunk of his career in several leadership roles at Coolpad. He has spent 3 years as the Vice President for sales…

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Logistics, retail to trigger hefty growth in barcode scanner sales

A recent report unveiled by  ResearchAndMarkets has projected Indian barcode scanner and printers market growing by two and a half times between 2018 to 2024. According to the report, the Indian barcode scanners and printers market stood at $ 44.7 million in 2018 and is projected to grow at a CAGR of 16.8% during 2019-2024 to reach $ 111.6 million by 2024, owing to huge adoption of barcode scanners and printers in transportation & logistics, manufacturing, retail and other sectors. “Moreover, government financial assistance to micro and small companies for…

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Meatigo plans more distribution hubs to expand its reach

 Meatigo, the premium free meat delivery service based out of Delhi/NCR and Mumbai, has planned to target two more cities namely Bangalore and Pune with over 25+ distribution hubs. Meatigo provides an end to end supply chain model that starts from procuring fresh meats to processing, storage and last mile delivery. The company claims temperature control 0-4 °C at every step of the supply chain till the final delivery to the consumer. All the meats are vacuum packed and sealed using the latest German Technology that maintains the freshness, texture…

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Consolidate wave in container shipping is close to its end, says Fitch report

According to a recent report by Fitch Ratings, global container shipping is focusing more on vertical integration, moving into logistics and away from consolidation amid slowing growth in container trade as well as digital disruption. “We believe that the consolidation wave in container shipping is approaching its end. The top six container lines account for over 70% of global market capacity. While we do not discount the possibility of further consolidation through the defaults of smaller, financially weaker companies or their acquisition by stronger rivals, we believe any large-scale acquisitions…

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