Table of Contents What is a tracking number? How to find tracking numbers? Order ID vs Tracking ID How to track parcel tracking number? Example – India Post tracking What is shipment tracking number? How to track with shipment number? What is courier tracking number? How to check my delivery status? Shipment packages, whether for B2C or B2B deliveries require tracking numbers to ensure they are easy to identify and track. Shipping tracking numbers enable customers and businesses to track in real time the status of the order package – shipped, in-transit, reached warehouse, despatched, deliv ..read more

Table of Contents Freight forwarding industry overview Freight forwarding market size Top freight companies in India Trends in Indian freight forwarding Challenges in freight forwarding sector Freight forwarding of tomorrow The freight forwarding industry in India is an important leg in facilitating international trade and logistics. It simplifies shipping of goods and acts as an intermediary between businesses and transporters. The logistics sector is a key contributor to India’s GDP and freight forwarders are cementing their share, especially with the rise in demand for global e-Commerce ..read more

Table of Contents What is shipping process? Shipping process flow steps Types of shipping processes in India Pick and pack shipping Drop shipping process PTL shipping In the logistics ecosystem, a resilient, reliable and robust shipping process is of paramount importance. And while there are some globally uniform shipping procedures, especially when it comes to regulatory compliance, businesses often have their own unique shipping process flows (e.g., B2B shipping vs B2C shipping, drop shipping, pick and pack shipping process etc.). And that makes it vital for service providers, customers ..read more

Table of Contents What is a freight forwarding business? How to start a freight forwarding business? Licences and compliance Cost to start a freight forward business Tips before you start India’s exports of merchandises and services is growing at an exponential pace. It’s estimated that in FY 2022-23 exports will reach a staggering amount of USD 770.18 billion (Source: pib.gov.in Ministry of Commerce and Industry). Similarly, imports are also scaling. The growth in foreign trade volumes is good news for the logistics industry, especially freight forwarders. Today, we’ll take a look at how t ..read more

Table of Contents Budget highlights on logistics and tech Railway corridors logistics impact Digital solutions for logistics MSME advantage Aviation develoption and logistics EV infrastructure development What MSMEs can look forward to? We take a look at how digital solutions for logistics management can drive MSME growth. The Union Interim Budget, announced on 1 February 2024, by the Finance Minister, Nirmala Sitharaman, highlighted economic growth and development as focus areas. A significant allocation has been made for infrastructure and logistics development (approximately ₹11.11 lakh ..read more

Table of Contents Components of supply chain management Planning stage with examples The role of sourcing Efficiency in inventory management Production processes Packaging, Transportation and Delivery Returns management in SCM The mobile phone you have bought online, the grocery you buy from your local store, the textile you procure to manufacture garments in your factory, there’s an entire ecosystem of goods procurement and transportation that has gone into it. And at the core of it all, lies the successful execution of an efficient supply chain operation. We take a look at the components ..read more

Table of Contents Meaning of logistics functions Example Functions of logistics management Material handling Inventory and warehouse Packaging and labelling Transportation and shipping Information flow Order processing Logistics functions in SCM To maintain operational efficiency and agility in supply chain operations, smart logistics management is essential. Logistics comprise of multiple functions each of which contribute to how efficiently and accurately goods are moved from one stage to another. We take a look at these major functions of logistics management and understand their role an ..read more

Table of Contents Components of logistics Inventory management Warehouse and storage Flow of information Order fulfilment Fleet and transport management Logistics management components Supply chain efficiency Logistics comprises the planning, implementation, storage and transportation of goods and information, from the point of origin to destination. Logistics management is a key component of supply chain management, it’s goal being to bring operational efficiency, reduce costs, and enhance customer satisfaction. Components of logistics and logistics management therefore plays a pivotal rol ..read more

Table of Contents Incoterms® 2020 overview 11 Incoterms Rules for all transport mode Sea and inland waterway rules Incoterms 2010 vs. Incoterms 2020 Incoterms advantages Incoterms disadvantages Incoterms are a set of 11 internationally recognised rules used around the world to make buying and selling clearer. They help figure out who has to pay for what and who has to do certain tasks. These tasks can include things such as shipping the goods, getting insurance for them, handling paperwork, customs clearance, and other logistics operations. On that note, let us understand in detail the mean ..read more

Table of Contents HSN code classification HSN code for goods transportation services GST rates for HSN codes HSN code variations HSN refers to the Harmonised System of Nomenclature. It is a six-digit code for classification of the goods and services for trade and taxation purposes. HSN code was introduced in the year 1988 by the World Customs Organisation and currently, it is adopted by more than 200 countries including India. With the help of HSN code businesses classify goods and identify in which tax category. It is based on the hierarchal system in which digits in the code present the d ..read more