Based on the usage, the ships are classified into the following types:
Elastic logistics refers to a model of conducting business that’s flexible and agile enough to upscale or downscale consistent with the stress of the market.
• Maximizes and fills loads/capacity, especially for LTL shipments
• Optimizes routes for faster delivery and enhanced transport efficiency
• Reduces over-manufacturing and over-Stocking
• Diminishes price volatility
• Minimizes Risk
• Increases efficiency at multiple checkpoints of supply chain
• Enhances “perfect order fulfilment”
• Improves customer service
When it involves logistics, lean business practices don’t work. Although they’re meant to be flexible, they’re not adjusted for logistics, primarily as per the variable demand in modern ecommerce. Lean business models might work well for manufacturing (first-mile) and therefore the shelf stock (last-mile) industries; they’re not tailored for logistics (middle-mile).
Elastic logistics tends to fill these gaps alongside the middle-miles and warehousing. Practically, the importance of elastic logistics within the supply chain remains ambiguous; however, it’s developed to regulate variables like sailing schedules, container usage, and carrier space, to form the availability chain simpler and performance with a minimal amount of waste.
• Half-full vessels
• Price volatility
Elastic logistics has only recently become popular because technology advancements are a necessity so as for this type of model to figure. Data analytics and tracking make it easier to predict what’s getting to happen then create plans to reply effectively and in real-time.
Reverse logistics is the set of activities that is conducted after the sale of a product to recapture value and end the product’s lifecycle. It typically involves returning a product to the manufacturer or distributor or forwarding it on for servicing, renovation or recycling.
When a manufacturer’s product normally moves through the supply chain network, it is to reach the distributor or customer. Any process or management after the delivery of the product involves reverse logistics. If the product is defective, the customer would return the product. The manufacturing firm would then have to organise shipping of the defective product, testing the product, dismantling, repairing, recycling or disposing the product. The product would travel in reverse through the supply chain network in order to retain any use from the defective product. The logistics for such matters is reverse logistics.
The first step in Reverse Logistics is “Returns”. Customer return products if it is defective, damaged, fails to meet expectations. etc.
Another way parts and products are returned is through recalls. A critical reverse logistics category, recalls are more complex than basic returns because they typically involve a product defect or potential hazard and may be subject to government regulations, liability concerns or reporting requirements.
Not all products that is returned goes to waste. Certain products can be repaired and brought back to the stock.
There are customers who return products may be because they did not like the product and not due to damage or similar reasons. Such products can be repacked and returned to inventory
The focus on recycling returned or end-of-life parts, components and products is driving more sustainable practices in every industry, but particularly so in high-tech. When products reach the ends of their useful lives and must be scrapped, electronic manufacturers are increasingly finding safe, cost-effective and environmentally friendly ways to dispose of them. That might mean engaging third-party recycling companies to collect/reclaim waste and dispose of assets for them.
Logistics in simple words refers to the overall process of managing resources from acquisition, storage and transportation to their final destination.
Fast-moving consumer goods (FMCG) are products that sell quickly at relatively low cost. FMCGs have a short shelf life because of high consumer demand. Since these goods have short life and in high demand for customers, they have to be transported at a faster rate. Logistics therefore plays a vital role. Fast Moving Consumer Goods (FMCG) are closely associated with end-users. The volume of products for shipment in this industry is quite large. As long as the distribution channels are wide, the role of Logistics also become crucial and important.
With all the above points it is important to note the vital role that logistics plays in FMCG Sector. FMCG sector becomes successful only when it reaches the end customer and for Logistics is an inevitable part.
A port is defined as an area on both land and water, whether on the sea or river, that provides facilities for shipping vessels to load and unload their cargo or in other words it can be defined as a harbour or an area that is able to provide shelter to numerous boats and vessels (transferring people or cargo), and can also allow constant or periodic transaction of shipment. In simple words, a port is a place to facilitate loading as well as unloading of vessels. Technically speaking it is a convergence point between freight circulation domains.
Among all these types of ports, seaports are the largest and busiest type of ports. This is due to the reason that seaport serves to both cargoes as well as passengers. So more facilities and equipment are available there which results in the employment of more personnel as a port authority.
Cold Chain Logistics also known as Chill Chain Is the transportation of temperature-controlled goods. In other words it is the technology and process that allows for the safe transport of temperature-sensitive goods and products along the supply chain. This is important while transferring perishable goods from the point of origin through the distribution chain to the final consumer in order to maintain quality and safety.
It is most commonly used in food and pharmaceuticals since 1950s.It was most often used for preserving animal-based cells or tissue. As medical breakthroughs, such as in cancer treatment, have taken place, the demand for cold chain systems has grown. But today the breakout of COVID-19 pandemic has affected the human as a whole. The vaccines were the need of the hour and finally resulted in the development of Vaccines. Cold Chain Logistics plays an important role because the vaccines can be transported only under controlled temperature.
The common temperature range for a cold chain in pharmaceutical industries is 2 to 8 °C, but the specific temperature (and time at temperature) tolerances depend on the actual product being shipped.
Some of the Cold Chain Logistics companies in India are Snowman Logistics Ltd, Cold speed Logistics & Trades Pvt. Ltd, Coldman Logistics, Crystal Logistic Cool Chain Limited, Inext logistics & supply chain pvt ltd, Etc.,
A shipping pool is defined when a group of similar merchant vessels are grouped together for administrative purposes. According to a prearranged agreement, their earnings are pooled and distributed to the vessel owners. In other words, a group of ship owners pool their vessels wherein the earnings are pooled together and distributed among them on a pre-approved weighting system. Here similar vessel types and sizes of various ownerships form one alliance with the aim to minimise risks and maximise revenue.
Though there are disadvantages, Shipping Pools are an unavoidable part of shipping which cannot be overlooked as they provide access to remote markets and cargoes, as well as collective knowledge and expertise. It is important to note that owners can benefit from being members of a Pool as they are being provided with security and stable revenue in a volatile market.
B2B E-Commerce (Business to Business Electronic Commerce) is the process of sale of products and services between companies through an online sales portal. On the other hand in B2C (Business to Customer) the online business is transacted between a business and individual customers (not a business entity).
Though B2C Ecommerce transactions are relatively simple, B2B transactions are bit complex. Prices are generally fixed, shipping is straightforward, and quantities are low in In B2C. On the contrary, B2B transactions prices are highly variable, relying on a number of pricing variables throughout. Because business are much larger entities, the volume of products and services are much higher and have much more complicated shipping requirements. More complex tax and regulatory impediments have to be dealt in B2B E Commerce markets.
1. Buyers plan for purchases and make recurring purchases
2. Purchases often involve several layers of approval and may involve different departments
3. Purchases are based on long-term and on-going relationships.
4. Prices are usually negotiated individually.
1. Increased Reach- The B2B portals of ecommerce offer a way of increasing reach to customers and making your organization and products known by more potential customers.
2. Streamlining, transparency and efficiency- The B2B ecommerce will streamline customer interactions by enabling the process of ordering making it reliable and efficient.
3. Better management of suppliers and customers- Both the suppliers and customers are better managed in the concept of B2B ecommerce. Ultimately both are benefitted.
4. More sales- You will not only reach new clients, but ecommerce will also allow you to quickly implement the automated up-sell and cross-sell program of recommendation, providing suggestions to clients on your site and making them buy related products or products containing more functionality and features.
Cobots, or collaborative robots, are robots made for direct human robot interaction where humans and robots are working together in close when compared to the traditional method of robots working in isolation. This is very closely applicable in warehouses. As humans and robots have to work in correlation Cobots are built undertaking safety measures with lightweight construction materials, rounded edges, and inherent limitation of speed and force, or on sensors and software that ensures safe behaviour.
At present, robots are being utilized for specific tasks, such as picking and packing up items from one place to another over and over again. Here Cobots never replace human jobs but may instead create new jobs, in which manpower is required to work in accordance with the precision of Cobots. And that is obvious; Cobots are just robots that are capable of working with human ability and flexibility.
Though Cobots are not being used in 80 percent of the Logistics industry at present, it is definitely going to be a necessity not only in logistics but in industries like manufacturing and production also.
In simple words, Warm Water port is a port where water does not freeze in winter. This
prevents from shutting down of ports during winter. This will help in boosting the economy
as trade will happen throughout the year.
Valdez port of Alaska and Vostochny port of Russia are the two such ports which generates
high level of revenue. The developed countries quest for warm water ports as it allows trade
throughout the year even in chilling winter. In certain countries like Ethiopia, inland
waterway trading is possible.
Winter in Russia being almost half a year, many ports are iced almost six months, the
importance of Warm water port is very relevant.
The Port of Sevastopol is considered a key hold for maritime routes between the Black Sea
and the Sea of Marmara, which in turn connects the Mediterranean Sea and the Atlantic
Ocean. The port is one of the few warm deep-water ports available to Russia in the Black