Efficient warehousing is the backbone of ‘festive economy’: Decoding the role of efficient storage solutions, beyond retail, this festive season
India’s festive season is a time of joy, celebration, and increased economic activity. Traditionally, this period has been a boon for the retail industry, with businesses witnessing a surge in sales. However, the impact of the festive season goes beyond retail; there is a substantial increase in the demand for goods such as paints for […]
Delhivery to acquire additional 4.75% stake in Falcon Autotech, invests approx Rs 52 crore
Delhivery on Saturday announced that its board has approved the proposal for acquiring an additional 4.75 per cent equity share capital of Falcon Autotech Pvt Ltd, for a total consideration of approximately Rs 52 crore. Post this acquisition, Delivery will have a total shareholding of 39.33 per cent in Falcon Autotech. “The Board of Directors […]
How can India become the hub for global food, pharma cold supply chains?
India’s potential as a global cold supply chain hub has never been more evident than in recent years. With the growth of its pharmaceutical and food industries, there is a rising demand for efficient and reliable temperature-controlled logistics. The COVID-19 pandemic served as a wake-up call, highlighting the need for a robust cold supply chain […]
Digital Transformation in Transportation and Logistics Market Latest Trends, Demand and Industry Outlook 2021- Amazon Amazon, APL Logistics Ltd., IBM Corporation, Walmart, Logitech Corporation, Samsung Electronics
An in-depth and logical investigation of the worldwide Digital Transformation in Transportation and Logistics market results in a detailed, verified, and thoroughly researched study report that covers significant aspects of the global Digital Transformation in Transportation and Logistics market such as supply chain, marketing and promotion, product or venture development, and price structure. The study […]
Logistic major Allcargo subsidiaries buys land parcel worth Rs 231 crores in Gurgaon
Logistic major Allcargo Logistics Ltd’s two subsidiaries — Allcargo Inland Park and Jhajjhar Warehousing Private Ltd — have bought two land parcels in Gurgaon for a total consideration Rs 231 crore. Allcargo Inland Park bought the land tract from Model Economic Township for Rs 134 crore while Jajjhar Warehousing also bought bought land worth Rs […]
CJ Darcl Logistics files initial papers for IPO
CJ Darcl Logistics Limited, a diversified logistics company, has filed its draft red herring prospectus with market regulator Securities and Exchange Board of India. The offer comprises a fresh issue of shares worth ₹340 crore and offer for sale up to 54.31 lakh shares by existing shareholders. The OFS comprises of 3.69 lakh shares by […]
Shadowfax unveils centre in Surat with 10 lakh orders per day processing capacity
Logistics and delivery solutions firm Shadowfax has announced its largest fulfillment center in Surat, Gujarat. The facility, a distribution center (DC), spans over 1.5 lac sq ft and has a daily processing capacity of 10 lakh orders. The e-commerce service provider and hyperlocal company says that the newly launched hub integrates technology, including an advanced […]
APM Terminals Pipavav handles over 200 PMPH on single vessel
APM Terminals Pipavav achieved over 200 port moves per hour (PMPH) on a single vessel for the first time in the history of the port operations. The port carried out 880 moves, achieving a PMPH rate of 215.51 on MOL Endowment on August 17, 2023, says an official release. “This accomplishment also encompassed 52.59 crane […]
Xpressbees acquires delivery firm TrackOn
Logistics provider Xpressbees, on Monday announced its acquisition of transportation and delivery company TrackOn. With this acquisition, Xpressbees aims to target the small and medium enterprise sector through TrackOn’s franchisee network. Xpressbees currently runs its delivery operations across over 21,000 pin codes in nearly 3,000 cities and towns in India.
Pricier than petrol, rising tomato prices highlight some sour truths about India’s cold chain
Tomato prices are causing heartburn. Even other vegetables have suddenly become pricey. Experts attribute this to several factors, but add the situation exemplifies how the crisis could have been managed better with suitable cold-storage facilities. In the case of tomatoes — which hogged the headlines when the widely used vegetable in Indian household.