FMCG Sector is focusing on Haryana, Assam to be new warehousing hubs For FMCG and consumer durables because of consolidation and tax benefits Warehousing cost to fall 25-50% after GST Warehousing cost for consumer durables has reduced to almost halve, and has fallen by 25-30% for fast-moving consumer goods (FMCG) after the implementation of the…
European Commission launches the EU Blockchain Observatory and Forum The EU Blockchain Observatory and Forum will play an active role in helping Europe to seize new opportunities offered by blockchain, build expertise and show leadership in the field. The European Commission has launched the EU Blockchain Observatory and Forum with the support of the European…
2018 trends in Indian warehosuing would be an exciting year to look for. In the recent study done by the World Bank, India has jumped 19 positions in the Logistics Performance Index (LPI). Now, the country stands at 35 rank, while it stood at the 54th position back in 2014. The greater investment opportunity in…
5 Key Areas to Focus on in the Pursuit of Warehouse Cost Savings A Director of Operations, Warehouse Director or Manager, or even the Director of Supply Chain or Logistics, are always in the pursuit of continuous improvement as well as warehouse cost savings in both time and money. With the myriad of tasks and…
Best practices for In-plant Logistics efficiency Industrial companies must eliminate waste in manufacturing to become more efficient and to achieve a reduction in costs. We have seen in many cases where the manufacturing units go into losses if they are not able to eliminate wastage well within time. As a result, many industrial companies implement…
Don’t let a supply chain control your business In the past 25 years, major original-equipment manufacturers around the world have shifted to the Japanese tiered approach to supply chains. They’ve radically reduced the number of suppliers that they directly manage and off-loaded responsibility for supervising the rest, along with the task of building major subsystems,…
Why Logistics companies are Going Green Logistics companies around the world are waking up to the green movement. The current progress of green technology is proving to be a major disruptor in every industry, not least of all logistics, because practically every industry involves using logistics companies at some point. As one of the top…
GST impact Transport and logistics (T&L) sector What to expect The registration, payment and refund processes under GST will be routed through a centralised common portal set up by GSTN. The common portal will act as an interface between the taxpayers, authorities, banks, RBI and accounting authorities. At the back-end, the portal will be integrated…
Let’s understand the GST Impact on Logistics Companies: Author: Mr. Venkat Reddy B. – AVP Strategy, Biz Analyst & Audit – NWCC LLP The unified tax regime, that is, GST is coming into effect from 1st July 2017. GST will bring about some significant but welcome changes, especially for logistics sector. NWCC is tuned up to…
Future of logistics and supply chain in India. Since the liberalization of the Indian Economy in the early 90s, India has been pegged to become a global power. Since then, significant developments in technology, talent development, and infrastructure have meant that India has grown into a world leader in multiple fields. Supply Chain was not…
