The 6th Edition of The Economic Times Supply Chain Management and Logistic Summit successfully hosted over 300 industry leaders from across India on 26th June 2019, at Hotel Hyatt Regency, New Delhi Considered the backbone of the economy, India’s supply chain ecosystem has great potential for growth in coming years as the Indian economy soars to new heights. The Indian logistics sector is e... Continue Reading
The past few years have witnessed a rapid growth in the supply chain management function with a focus on advanced planning processes, such as analytical demand planning or integrated sales and operations planning (S&OP), which have become established business processes in many companies. While logistics has often been outsourced to third-party logistics providers, wherein the supply-chain func... Continue Reading
Gains Predictive visibility into movement to reduce pilferage, create actionable strategic insights and boost customer satisfaction. New Delhi, 9 January, 2019: JK Lakshmi, counted among the leading cement manufacturers in West and East India, has selected FarEye, the pioneer in digital logistics, to get predictive visibility, strategic insights, and better control into goods movement and improve... Continue Reading
NEW DELHI: After a gap of three decades, the government will increase the maximum axle load of heavy vehicles by 20-25 per cent to bring it on a par with international norms. This will be a big boost to logistics and trucking industry and is likely to reduce the transportation cost of goods. At present, a two-axle truck (two wheels in the front axle and four wheels in the rear) is allo... Continue Reading
Maersk Line, which ferries the largest proportion of the country's container traffic, today said it will be levying a surcharge of around USD 60 per standard 20-foot container to cover for rising fuel costs. "We have introduced an emergency fuel surcharge. For any shipping line, fuel is one of the key components of variable costs. We have seen an increase in bunker price of around ... Continue Reading
MUMBAI, MAY 31: Container Corporation of India Ltd (Concor) will venture into the coastal shipping business by hiring two ships for 10 years each. The state-run rail hauler of containers has sought bids from fleet owners to hire two Indian flag vessels of 22,000 dead weight tonnes (DWT) with a capacity to carry at least 700 twenty-foot equivalent units (TEUs) each, according to a tender is... Continue Reading
MUMBAI: Despite the promise of `Make in India' and the rhetoric of defence modernisation, the fortunes of India's ship building industry continue to sink, with more and more companies slipping into the red. The latest addition to the list is L&T Shipbuilding Ltd. The independent auditors of the L&T Shipbuilding Ltd, a wholly-owned subsidiary of Larsen & Toubro, ha... Continue Reading
Centrepiece of the 6 sq km Dubai Creek Harbour project completes concrete placement for the pile cap two months ahead of schedule Dubai Creek Tower, the $1 billion centrepiece of the 6 sq km Dubai Creek Harbour project, has completed concrete placement for the pile cap two months ahead of scheduled completion. Dubai Creek Tower’s pile cap is an approximately 20m thick multi-layered, tiered... Continue Reading
DHL Supply Chain has acquired Suppla Group, specialised on providing logistics services in Colombia. Suppla is recognized as a premier logistics provider with local expertise and longstanding customer relationships. With an established products portfolio, including warehousing and packaging services across Life Sciences and Healthcare, Retail, Consumer, and Technology sectors, Suppla has a solid ... Continue Reading
Global trade enabler DP World, has announced the successful closing of the acquisition of Cosmos Agencia Marítima S.A.C. (CAM) in Peru. On 18 March, DP World and Andino Investment Holding announced an agreement for DP World to acquire 100% of the shares of CAM, a leading fully integrated logistics provider in Peru, for $315.7 million. This also includes 100% of the shares in Triton T... Continue Reading