Logistics Industry and Supply Chain Solutions: The new metamorphosis

Started as a niche concept in military, supply chain or factory management has evolved into a core business milieu today. It is not surprising either that e-commerce and IoT are playing a crucial role in shaping the modern logistics management. KPMG in one of its reports stated the value of warehousing industry towering at 56,000…

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The importance of logistics and supply chain management

THIRD PARTY LOGISTICS SERVICES The importance of logistics and supply chain management is increasing in manufacturing companies as they are sourcing, producing and distributing across the world and hence managing their supply chain is getting very complex. However, outsourcing logistics activities such as transportation, warehousing, inplant material handling and other value-added services to experienced third-party…

Why the ‘Shareconomy’ Is the Future of Logistics

Why the ‘Shareconomy’ Is the Future of Logistics March 9th 2018 I NWCC Operations Team The idea of a global shared economy—which has given rise to businesses such as Uber, Lyft, and Airbnb that share resources among user bases—is projected by PwC to generate revenue of at least $335 billion by 2025. An increasingly popular…

FMCG Sector is focusing on Haryana, Assam to be new warehousing hubs

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…

Warehousing demand picks up in North East, especially in Guwahati and NESA region

Northeast India shares 98% of its border with Bhutan, Bangladesh, China, and Myanmar, is seen as an important international trade corridor and commerce opportunities with these neighbouring countries. Tourist numbers to the region have been dramatically increasing in recent years. Northeast India is the eastern-most region of India connected to East India via a narrow…

Blockchain technologies receive a shot in the arm:

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…

What union Budget 2018-19 has for you?

The 2018 Union Budget was presented by the Finance Minister Arun Jaitley, on 1 Feb 2018. This is the first budget after the introduction of prominent reforms in the Indian economy, such as the Goods and Services Tax implementation, mega PSU bank recapitalisation, and dynamic fuel pricing. The key features of the Union Budget 2018…

GST revenue figured touches Rs 90,000 Crore in September

Latest news on GST : GST revenue figured touches whooping Rs 9K Crore in September.  The total revenue of GST paid under different heads (upto 25th September, 2017) is Rs. 90,669 crore. This was stated in an official release from the finance ministry. The total CGST revenue is Rs. 14,402 crore, SGST revenue is Rs. 21,067…

2018 trends in Indian warehousing and logistics

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…