India Inc lacks a formal approach to Artificial Intelligence risk evaluation

A recently released report by PwC maintains that while Artificial Intelligence (AI) has the potential to solve complex problems and help in building scale for the enterprises, “badly designed AI can cause more harm than good.” The report titled ‘With AI’s great power comes great responsibility’, highlights the importance of having a roadmap for enterprises to embark on an AI journey responsibly. The report is based on a comprehensive study conducted with over 1,000 CXOs and business decision makers from India and other regions, between May and September 2019. The intent…

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Factors affecting domestic CV industry

According to a recent note by credit rating agency ICRA, “ the Indian commercial vehicles industry has been facing a slowdown in demand and declining sales over the past two-three quarters primarily due to the economic slowdown and surplus capacity that it is saddled with.” GST implementation, E-way bill implementation, upward revision in axle norms and declining viability of small fleet operators have also been pointed as the factors impacting domestic CV industry. Shamsher Dewan, Vice President & Sector Head – Corporate Ratings, ICRA, said, “As per our estimates, there has…

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Decline in coal import likely to impact port performance

According to a recent note from credit rating agency ICRA, modest decline in coal import during the first five months of the current fiscal has resulted in marginal throughput growth at the major ports. “ Major ports have reported only a tepid 1.9% cargo growth in the first five months of FY2020 from 289 MT to 294 MT. Healthy volume growth in container, crude and iron ore segments was offset by the decline in coal and some other bulk cargo volumes. As per ICRA note, the volume growth at major…

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Cement demand to cool down

Noted credit rating and research agency ICRA expects the domestic cement growth to slow down to around 7% in FY2020. Agency in a recent sectoral report has emphasized weak offtake in cement in Q1 FY2020 as the possible sign of a year long slowdown.  Sabyasachi Majumdar, Senior Vice President & Group Head – Corporate Ratings, ICRA said:  “We expect cement demand growth to taper off in FY2020 after a strong double-digit growth in the previous year. The is already being reflected in tepid growth in Q1 FY2020, on the back…

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Transparency, Personalization Next Frontiers for Online Retailers: UPS Study

(The UPS Pulse of the Online Shopper study evaluates consumer shopping habits from pre-purchase to post-delivery. The study was conducted in early 2019 and is based on a PwC survey of more than 18,000 online shoppers worldwide. Respondents made at least two online purchase in a typical three-month period. Excerpts of the report: )  A glitzy website or a modern app aren’t enough to satisfy today’s savvy online shoppers. They demand upfront transparency on fees, control over the delivery process, a clearly-stated returns policy and loyalty rewards, according to new…

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Cold chain logistics market to reach close to $600 billion

According to a recent report published by Allied Market Research (titled “Cold Chain Logistics Market”), the global cold chain logistics market which garnered $159.98 billion in 2018 is estimated to reach $585.10 billion by 2026. This entails a hefty CAGR of 17.9% from 2019 to 2026. Surge in refrigerated warehouses, growth of processed food industry and pharmaceutical sector, and adoption of automated software would drive the growth of the cold chain logistics market. Based on type, the meat fish & sea food segment accounted for more than one-third of the total market share in…

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Over 50% APAC organizations in favour of Mobile Technology Investment

Zebra Technologies Corporation (NASDAQ: ZBRA), recently released its latest Asia-Pacific vision study on the Future of Field Operations, which reveals mobile technology investment to be a growing priority for up to 60 percent of Asia-Pacific organizations. The findings indicate that investments will be made in disruptive technologies and enterprise mobile devices to enhance front-line worker productivity and customer satisfaction in field operations including fleet management, field services, proof of delivery and direct store delivery workflows. “Driven by the acceleration of e-commerce along with customer’s heightened expectations and more focus within companies on differentiating service…

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New axle load norms, surplus capacity affect commercial vehicles sales

According to a recent study by the leading credit rating agency ICRA, “the domestic commercial vehicle industry sales slowed down over the latter half of FY2019, reeling under multiple headwinds, which have continued into the current fiscal as well.” The study underlines that the slowdown in growth during H2 FY2019 was led by the M&HCV (Truck) segment, which contracted during the period.  “The road transportation sector is currently facing over-capacity, partially contributed by revision in load carrying norms in July 2018, which resulted in a 15-20% increase in capacity of CV…

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India to get over 65 Mn Sq. ft. of new Mall Space by 2022-end

Considering the growing surge in e-commerce business in the country, its quite natural to conclude that it would slacken the business in the physical malls segment. But according to ANAROCK’s latest retail report TCCx: Redefining the Future of Retail Malls released at the CII North Retail Conclave recently in Delhi, the sector is riding high on the phenomenal rise of consumerism and renewed interest by institutional investors. According to the report, the Indian mall developers are looking to add over 65 mn sq. ft. of new mall supply by 2022-end across the country. Of…

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Revenue growth in Q4 FY2019 hits six quarter low

According to a recently released report by the noted credit rating agency ICRA, the broader Q4 financial results reflect growing pressure on the performance front for the companies. The report based on the analysis of 642 companies in the Indian corporate sector underlines revenue growth in Q4 FY2018-19 slipping to six-quarter low at 10%.   Weal consumer sentiments and softening of commodity prices have been cited as the major reasons for somewhat sluggish revenue growth pattern.  Shamsher Dewan, Vice President – Corporate Sector Ratings, ICRA commented, “The weakness in the consumer-linked sectors…

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