2nd edition of Cargo Connexions Conclave

Federation of Indian Export Organisation (FIEO) jointly with India Seatrade is organising its 2nd edition of the Cargo Connexions Conclave on 14th February in Coimbatore. The conclave will provide information and insights that cargo owners can use to plan and execute shipments of containerized cargo through South Indian ports. At their core, the event creates value for beneficial cargo owners — including retailers, manufacturers, consumer product firms, engineering, textile industry, energy and agribusiness organizations— through intensive programming that addresses key operational, pricing, and strategic challenges, shippers face when leveraging end-to-end container shipping services…

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Bezos promises to significantly scale up India business

Despite protests by the associations representing domestic small traders and not so enthusiastic response from senior government functionaries, Amazon founder Jeff Bezos concluded his three-day visit to India last week making promises to further scale up global e-conmmerce giant’s operations in India. Bezos has promised a further $1 billion investment in India to help small businesses digitize in India. The company also claimed that its expanded operations will create one million jobs by 2025. This would be in addition to over half a million jobs which the company has created…

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Nexus Venture, Next47 support logistics network start-up

Pando, the leading provider of networked logistics management software has raised INR 64 Crores in a Series A funding round led by Chiratae Ventures with participation from Siemens-backed Next47 and existing investor Nexus Venture Partners. Notable angel investors in this round included Ramkumar Narayan, VMWare India MSD, Alok Mittal, CEO of Indifi and Saikiran Krishnamurthy of xto10x Ventures. With this funding round, the company has raised over INR 80 crores, to date. Nitin Jayakrishnan, Co-founder & CEO of Pando, said, “This investment allows us to continue to reimagine the way…

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FarEye creates logistics control tower for Hindustan Zinc

India’s largest and the world’s second-largest zinc-lead miner, Hindustan Zinc Limited (HZL) has partnered with FarEye, a SaaS based predictive logistics platform, to reduce dependency on manual processes, enhance logistics efficiency and mitigate risks. HZL leveraged FarEye’s machine learning and IoT powered platform to drive actionable analytics around stakeholder and vehicle performance to better identify bottlenecks. This platform uses GPS and RFID technologies integrated with Transport Management System (TMS) and SAP ERP. With this state-of-the-art Logistics Control Tower HZL is able to monitor and control more than 30,000 trips per…

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Umesh Gaur to spearhead JDA Indian COEs

JDA SOFTWARE, the leading AI-driven supply chain management platform provider, has appointed Umesh Gaur as managing director of JDA’s Centers of Excellence (CoE) in India. In another critical change, the company has brought in Vinok Sequeira as senior vice president (SVP), Associate Success for the Asia-Pacific region including the India CoEs.  In his new role, Gaur will be responsible for providing leadership of the two CoEs in Bengaluru and Hyderabad, and continue to be instrumental in interacting with regional customers underlining the JDA value proposition from the sales cycle through…

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Maersk delivers green chilly consignment from Varanasi to Jebel Ali

Maersk recently delivered its first end-to-end shipment of freshly produced ‘Green Chillies’from Varanasi to Jebel Ali, United Arab Emirates (UAE) within a duration of 9 days. The company worked closely with Agricultural and Processed Food Exports Development Authority (APEDA), the apex organization under the Ministry of Commerce & Industry, responsible for the export promotion of agricultural products, to enable trade opportunities in the state via land & sea routes. According to a company release, the delivery is a testament to Maersk’s efforts to unlock the agro-trade potential in Uttar Pradesh and expanding across the country by…

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The UPS Store ranks high in top franchise list

The UPS Store, the world’s largest franchisor of retail shipping, postal, print and business service centers, has been ranked again as one of the top franchise brands, according to Entrepreneur Magazine’s 2020 Franchise 500. Ranked at No. 5 overall out of 1,000 companies, The UPS Store is also first in the postal and business services category and the only retail business service center brand in the top 10. This marks the 30th year the retail chain has appeared on the list, and its fourth consecutive year in the top five brands overall.…

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Kharif production likely to decline by 53%

The country’s kharif food production could be much lower than the Centre’s first advance estimate of a marginal fall. Heavy post-monsoon showers are a key reason. The production of coarse grains, pulses, oil seeds and sugarcane is expected to decline in the summer season of 2019-20 due to late monsoon and erratic and heavy rains later, according to a report. In the current assessment, coarse grains, pulses, oil seeds and sugarcane have marginally pushed themselves further in the negative region with an expected decline of 14.14 per cent, 14.09 per…

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