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The Logic Of Incoterms
Incoterms are a set of rules which define the responsibilities of sellers and buyers for the delivery of goods under sales contracts. first published by the ICC in 1936, the Incoterms rules are revised from time to time. the latest revision came into force in January 2011, replacing the version published in 2000. Sabyasachi Mukherjee explains the terms and put them in the context of current global trade and commerce.
CSIA Mumbai Receives Three-Year Renewal Of ACI's Level 3+ Neutrality
GVK Mumbai International Airport Limited (MIAL), the company that administers the Chhatrapati Shivaji International Airport (CSIA) has become the only airport in the country and second globally, to achieve a three-year extension of ACI’s Airport Carbon Accreditation (ACA) ‘Level 3+ Neutrality’ certification.
Sewing Services To The Needs Of Fast Fashion
Whether it is getting the latest top secret collections delivered safely and securely to the ramp or responding to the ‘need it now’ approach of e-commerce customers or exporting high end fashion apparels out of the country, logistics players are well aware of the demands and are tailoring their services as per client's expectations.
The Tech Tracker
Recognised as one of the youngest and fastest growing startup CEOs in India, Dhruvil Sanghvi has played a pivotal role in revolutionising logistics and field service management in Asia and the US. After graduating from Carnegie Mellon University in Pittsburgh, USA and having had the experience of advising some of the Fortune 500 companies on technology and data analytics, Sanghvi started LogiNext in early 2014. In this interview to Maunesh Dhuri, Dhruvil Sanghvi, Co-founder & CEO, LogiNext Solutions, articulates the importance of tech-based solutions that are robust, cost-effective and add to the operational efficiency of the logistics sector.
Indian Air Cargo Awaits A Paradigm Shift
Indian government’s decision to disinvest Air India will hopefully bring the debt-ridden airline on track. Air India has the capacity advantage over a network combined with 58 domestic and 29 international stations. Abhay Pathak, Executive Director (Commercial), Cargo Division, Air India, believes that Air India cargo will grow only if there is a freighter operation. In an exclusive interview with Indian Transport & Logistics News, Pathak speaks to Rashmi Pradhan on cargo trends in India, vision for Air India cargo and much more…
Focus Is On Customer Demands
Holding a market share close to 20 percent, Maersk Line is one of the leading players in the Indian shipping industry. With 25 offices and presence across 16 ports in the country, Maersk Line offers a one-stop solution closer to the place of origin of cargo, thereby reducing the transportation time between the point of origin and the port. Steve M Felder has taken over as Managing Director of Maersk Line (India, Sri Lanka, Bangladesh, Nepal, Bhutan, Maldives) recently. Having associated with the Maersk Group for over a decade, in his new role, Felder will add further momentum to Maersk Line’s Asia growth trajectory. Felder believes that digitalisation is the way forward and Digital India is a much-needed initiative. In conversation with Rashmi Pradhan, Felder talks about the strategy for India, emerging trends in shipping and EXIM from India.
Digital Trendsetter In Logistics
Bernhard Simon, the CEO and the chairman of the Executive Board at Dachser, in an exclusive interview speaks about how the 87-year-old and fully familyowned logistics company is making every effort showcase itself as a technological trendsetter in the logistics industry; but never without being humane.
Ocean Freight on a Growth Trajectory
The projects underway at major ports in India is expected to boost the Indian shipping industry, EXIM trade and economy of the country. Over the years, cargo handled at major ports in India have grown considerably. The containerised cargo export from India has increased over the years with India standing on the ninth position.
Automotive Supply Chain Makes Smart Move
Increasing visibility, better collaboration among the partners and innovation in the supply chain is vital for the dynamic sector of automobiles to enhance their competitive edge and meet world class standards.
Transforming the future of India's automotive supply chain
India’s economic landscape has been witnessing tremendous change and the automotive sector is a significant growth driver. With the ongoing introduction of the Goods and Service Tax (GST) and the government’s latest 10-year Automotive Mission Plan, the sector has been on top gear.
A Greener Route for Freight Transport
Amid growing awareness about the need for adopting sustainable practices, freight transportation has majorly drawn global attention as they account for a substantial share of traffic and pollution in urban and metropolitan areas. Measures are therefore being explored to mitigate the negative effects of freight transportation.
Logistics Beyond Tomorrow
There has been a paradigm shift in the way logistics is perceived. the future calls for gravity defying logistics. Logistics was considered as a mundane activity but it will be an amalgamation of frontier technologies like robotics, aerospace technology and artificial intelligence.
E-commerce Shines Logistics With Push
As india speedily takes the shape of a massive e-commerce marketplace, the numerous possibilities are bound to leave customers spoiled for choices. in such scenario, logistics will be widely regarded as a crucial piece of a successful retailer’s business plan.
Hyperlocal Is The Way To Go For Logistics
Hyperlocal logistics is about getting a product in 24 hours, 4 hours or 45 minutes, to smaller towns where the majority business of e-commerce is generated. While many hyperlocal logistics firms failed since 2014, there are many innovative ones that are redefining how business is done in the segment with the back-up of technologies driven by machine learning, predictive analytics and artificial intelligence.
AISATS Eyes To Increase Footprint To Other Indian Airports
AISATS is a 50:50 ground handling joint venture between air india and singapore airport terminal services. Mike Chew, Ceo, AISAT, talks about the dynamic growth of AISAT, the technological innovations, domestic and international growth, its proficient infrastructure to handle cargo, and other recent initiatives.
Freight Sector Fastens Belt for Hyperloop
Flying cars and jetpacks could still take time to become a reality, but Hyperloop seems all set to revolutionize the transportation industry. The freight sector could be the first beneficiary of this super speed technology.
The Race for 'Speedy Delivery'
The Indian e-commerce space is currently at an inflection point and there is tremendous opportunity for growth. With the increasing consumer demand for ‘fastest deliveries’, e-commerce giants are enhancing logistics services to make the delivery race more predictable than maddening.
Decoding GST Transportation & Freight Sector
GST has been labelled as ‘one tax one nation’ thereby meaning that India becomes one market. This would result in businesses to re-look at their supply chain, warehousing and depots. GST presents an opportunity for industry players to consolidate their warehouses and set up larger facilities, which will bring in supply chain efficiencies.
Cargo Getting A Top Priority At IndiGo
IndiGo is India’s largest passenger airline with a market share of 43.4 percent as of February, 2019. Since its inception in August 2006, it has grown from a carrier with one plane to a fleet of 216 aircraft today. It currently operates flights to 68 destinations – 52 domestic and 16 international. The carrier has been making significant turnaround in performance in the recent past on account of it benefitting hugely from the domestic market ant its international operations are getting favourable tailwinds. The cargo side of IndiGo has also been growing at a steady pace, though not as good as the passenger side, the carrier is focusing on optimising its substantial belly capacity to increase revenue from cargo. William Boulter, chief commercial officer, IndiGo, spoke to Reji John on the sidelines of IATA World Cargo Symposium in Singapore, recently about how IndiGo is building its cargo strategies and how important is cargo to the overall business of IndiGo. Edited excerpts from the interview.
Minimising Monopoly Of Shipping Companies Can Be A Win-Win For Exporters
The grounding of Jet Airways has not only transformed the story of air cargo exporters’ but also of the ocean shippers, who have been hit by the price hike. In an interaction with Shalini Nair, Anand Sejwal, MD & chairman of Bombay Exports, explains why the government needs to be more proactive in implementing the National Agriculture Export Policy and how cluster developments can enhance the production quality.
Additional Value At An Attractive Price For The Indian Market
India is at an evolving stage of contract logistics and companies here are pursuing shippers to experience the best in supply chain practices. Founded in 2016, Stellar Value Chain Solutions has a warehousing space of 4.5 million square feet across 30 cities in India. Sharon Thomas, CEO Contract Logistics speaks to Shalini Nair on how India offers umpteen opportunities, how technology aids in speed to the market and customer, and what business practices can make a company successful.
GST India's New “Tryst With Destiny”
India woke up to a well publicised roll out of Goods and Services Tax (GST) on July 1. GST proposes to make ‘one India and one tax’. We look at India’s transport and logistics sector’s tryst with this ‘good and simple tax’.
Cochin Port Emerging As Major Transshipment Hub
The maritime gateway to peninsular India, Cochin Port is one of the major ports in the south coast of India. Cochin ports in the south coast of India.
Delivered Trends Tenacity Takeovers
India’s Logistics sector braces for its next big chapter, with the help of government reforms and integration of technology this highly fragmented sector looks beyond its traditional distribution-oriented approach allowing it to be a truly holistic entity.
Making Logistics Employees Skillworthy
By 2022, the logistics sector is expected to employ more than 28.4 million employees from the current figures of 16.74 million. With logistics being a service oriented sector, skill development is emerging as a key capability. this makes it absolutely necessary for the government, training institutions, the logistics companies and the sector skill council to step up their efforts in building training capacity and offer industry-relevant skills to the candidates.
A Decade In Logistics: Before And After
As technology begins to take centerstage in global logistics, Nishith Rastogi, chief executive officer and founder of Locus.sh, reflects on the fascinating trends that will define logistics as much more than a support function.
Review: SmartCards Expo
SmartCards Expo showcases the world of smart technologies for identification, security and digital payments.
Automotive Logistics At The Cusp Of Transformation
The Indian automotive supply chain is about to enter a dramatic phase with the regulatory demand of Bsvi engines by 2020 and mission electric by 2030. the industry is facing new logistics trends, automation and on-time delivery demand amidst lower inventory models, while infrastructure support is undergoing a sea change.
Exploring Full Potential Of Coastal And Inland Shipping
With India's road and rail infrastructure in most high-traffic areas running at full capacity, transportation through coastal and inland waterways could be a viable solution to ease the load. the challenging part is to persuade the industry to accept the massive modal shift.
Multimodal Logistics Ready To Roll
The economic growth in India has increased the demand for practically all transport services and further underlines the importance of efficient multimodal logistics infrastructure. the government has embarked on an ambitious plan to build its multimodal logistics infrastructure which is set to transform the country’s logistics landscape.