MSME exporters across various sectors are grappling with the severe impacts of increased freight charges, prolonged cargo turnaround times, and steep hikes in insurance premiums due to ongoing geopolitical tensions and global economic instability. The Russia-Ukraine conflict, coupled with the Iran-Israel tensions, has resulted in a crippling impact on the MSME export sector. According to Balkrishan Sharma, Business head and Chief Executive of Yarn Business at RSWM Limited, a leading yarn and knitting fabric manufacturer, exporters are facing multiple challenges. These include the non-availabil ..read more

In the rapidly evolving landscape of logistics, staying ahead of the curve is essential for maintaining efficiency, competitiveness, and customer satisfaction. With the advent of 5G technology, a new era of possibilities has emerged, promising to revolutionize the way logistic operations are conducted. By unleashing the potential of 5G-enabled Internet of Things (IoT) and analytics solutions, the logistics industry stands poised to achieve unprecedented levels of connectivity, real-time data insights, and operational excellence. The Intersection of 5G, IoT, and Logistics At the heart of this t ..read more

In today’s globalized economy, supply chain success plays a critical role in the growth and sustainability of businesses. A well-crafted and efficient supply chain can significantly enhance a company’s competitive advantage, customer satisfaction, and profitability. Organizations strive to optimize their supply chains to achieve agility, global reach, and efficient speed. In this article, we will explore these three key factors and how they contribute to maximizing supply chain success. 3 Key Factors of Supply Chain Success Agility: The concept of agility in supply chain management refers to t ..read more

The Indian commercial vehicle industry is exploring multiple pathways to achieve sustainability and reduce emissions. While electrification has made significant inroads in certain segments, decarbonizing medium- and heavy-duty trucks and buses remains a significant challenge. The adoption of electric vehicles (EVs) in India has been steadily increasing, particularly in the city bus and last-mile delivery segments. In 2022, commercial EV sales grew by an impressive 169 percent, driven by the demand for electric buses and three-wheelers. Many cities now prioritize electric buses over CNG buses i ..read more

Market intelligence plays a crucial role in empowering supply chain decision-making. With the rapid pace of technological advancements and global market dynamics, it has become increasingly important for companies to stay ahead of the competition by making informed decisions. Supply chain professionals can gain deep insights into market trends, customer behavior, competitor strategies, and other relevant factors through market intelligence. This information is critical for making strategic decisions that can optimize the supply chain, increase operational efficiency, and drive business growth ..read more

The future of transportation is rapidly evolving, with leading automotive giants like Daimler Truck AG and others embracing sustainable propulsion technologies to combat climate change and meet stringent emissions regulations. In a recent industry event, key executives from these companies shed light on their strategies and commitments toward achieving carbon neutrality. Girish Arya, CEO of Daimler India Commercial Vehicles (DICV), emphasized that liquefied natural gas (LNG) will only serve as an interim, tactical solution for long-haul transportation. The company’s primary focus will be on ba ..read more

The logistics industry is a critical component of the global economy, responsible for the movement of goods from manufacturers and suppliers to customers worldwide. However, the traditional supply chain processes can be inefficient, time-consuming, and prone to errors and fraud. This is where blockchain technology comes into play. Blockchain, the underlying technology behind cryptocurrencies like Bitcoin, offers a decentralized and transparent system that can revolutionize the logistics industry. Here are the top reasons why you need blockchain in logistics to boost supply chain efficiency. Ad ..read more

India’s trucking industry, the backbone of the country’s logistics sector, has witnessed a mixed trend in freight rates across major metropolitan cities in March 2024. According to data collated by the Centre for Monitoring Indian Economy (CMIE), the cost of transporting goods by truck saw an uptick of 1-2% in the southern cities of Bangalore and Chennai, while rates remained unchanged in other major hubs like Mumbai, Lucknow, Ahmedabad, Hyderabad, Trivandrum, and Kolkata. The analysis focuses on the per-kilometer cost of transporting goods using 15-tonne trucks, calculated as the expense incu ..read more

E-commerce has seen exponential growth in recent years, with more and more customers choosing to shop online for convenience and accessibility. However, with increased competition, it is becoming increasingly important for e-commerce businesses to focus on customer loyalty. One often overlooked aspect of customer loyalty is logistics. Logistics play a crucial role in the e-commerce industry, from order fulfillment and shipping to customer service and returns. Indeed by improving the logistics process, e-commerce businesses can enhance the customer experience, increase customer satisfaction, an ..read more

India’s warehousing sector is currently experiencing a significant transformation, driven by the simultaneous growth of the industry and infrastructure. Moreover, with the upcoming 2024 elections, the country is witnessing a surge in infrastructure projects that aim to revolutionize connectivity and enhance economic growth. This, in turn, is expected to greatly boost the growth of the 3PL and warehousing sectors. A recent report has highlighted the remarkable growth of the Indian warehousing market in the first half of 2023. The total space take-up has increased by 35% year-on-year, reaching a ..read more