Port sector witnesses early signs of recovery

According to a recent report by leading rating agency ICRA, the port sector has shown some strong recovery signs in the month of July after witnessing modest decline in volumes in the early months of this fiscal following covid-19 triggered lockdown. “The Indian port sector witnessed sharp contraction during Q1 FY2021 due to the impact of Covid-19 pandemic and containment measures adopted by the Government   While, the Major Ports witnessed ~20% decline in Q1 FY2021, the Non Major Ports declined by 24% during the same period. However, in the month…

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Aligning to the new normal

Manali Sengupta   Paanwala is the oldest format, last nodal point, and the smallest unit of retail network in India. Although cigarettes &Paan still form the backbone of a paanwaala, this traditional channel still serves as FMCG’s one of the main and trusted channels. This format has seen constantly evolving supply chains, globalisation, technology induction, entry of new market entrants home delivery formats to players with best discounts. Not to forget, it has witnessed crises such as Tsunamis till Pandemic that we currently are undergoing, yet,it still remains unchanged and…

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Aiming towards last mile connectivity

CII is organizing a digital Conference on ‘Multimodal Transportation-Aiming towards last mile connectivity’ on 29September 2020. The conference aims to highlight the key actions that are required to create a vibrant and efficient multimodal system covering roads, rail, sea, inland waterways, air and the warehousing facilities. The participants would include key stakeholders like Ministry of Railways, Road Transport & Highways, Commerce & Industry and technical experts, besides industry members from India and abroad. The conference will also highlight the key initiatives taken by the government to promote multimodal transportation in the country…

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Discounts, concessions help railways boost freight operations

Covid-19 challenges notwithstanding, the freight division of the Indian Railways has performed well in the recent months managing to do better than the last year corresponding period figures. And according to a recent official release, while the agency has been pro-active in responding to transportation of essentials during the hard times, better performance has also resulted from a series of discounts and concessions which Indian Railways offered to its freight customers. These include: 5% discount on loaded containers ( addition to 25% on empty ), discount for Pond ash/ Moisturised…

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E-commerce business to touch $100 billion level by 2024

A leading research and consultancy firm has projected big ticket growth for the e-commerce business in the country in next 4-5 years. And a key factor for sustaining nearly  three fold growth in value would be supported by innovative supply chain models, a white paper recently released by management consulting firm Alvarez and Marsal (A&M) has underlined. Calling “e-commerce retail (B2C) market to be more than a USD 100 billion opportunity by 2024,” the report said that the share of e-commerce was just 3 per cent in domestic retail in…

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Blue Dart listed as a Reader’s Digest ‘Most Trusted Brand’

Blue Dart, India’s leading express logistics service provider and part of the Deutsche Post DHL Group (DPDHL), has been listed as a Reader’s Digest Most Trusted Brand for the 14th consecutive year in a row. The Reader’s Digest Trusted Brands survey has uncovered India’s most trustworthy brands over the years and this study has established its reputation as a premier consumer-based and international measure of brand preference. The study primarily focuses on finding out which brands Indians trust the most and provides an objective and reliable reference for consumers throughout…

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Gadkari lays foundation stones of major highway projects in MP

Union Minister for Road Transport, Highways and MSMEs Nitin Gadkari inaugurated and laid the foundation stones for 45 highway projects for the State of Madhya Pradesh through video conference last week. These projects for inauguration and foundation laying carry a Road length of 1361 kilometers, involving construction value of Rs 11427 crore. Paving the way for development of MP, these roads will enhance better connectivity, convenience and economic growth in and around the State. Speaking on the occasion, Gadkari said, the NH length in the state has tremendously improved in…

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Locus listed as a Sample Vendor in Gartner Hype Cycle

Locus, a global B2B SaaS company that automates human decisions in logistics, has been recognised in Gartner’s “Hype Cycle for Transportation Industry, 2020” as a Sample Vendor within the Last-Mile Delivery Solutions category. Gartner is a leading research and advisory company. “These solutions are adaptations of traditional routing and scheduling, wherein a route could be replanned and a dispatcher would control the process. Many of these solutions use AI and machine learning to speed up the optimization process and predict occurrences and impacts based on real-time information,” said Gartner in…

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Honda debuts in 180-200cc segment with Hornet 2.0

Honda Motorcycle and Scooter India last week made a grand entry in 180-200cc motorcycle segment with it’s all new muscular, sporty and advanced Hornet 2.0. Conceived to be an International Street Fighter, its agility complemented by a range of advanced features is expressed in its design codes while ‘Built to perform’ attitude showcases a sense of sophistication. Talking on the launch Atsushi Ogata, Managing Director, President & CEO, Honda Motorcycle & Scooter India Pvt. Ltd. said, “Inspired by the dreams of the new age customers & their passion for riding, we are pleased to…

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