Supply chain firm Stellar Value Chain to invest Rs 200 cr in FY22

Must Read

Tech-enabled consumer supply chain firm Stellar Value Chain plans to invest Rs 200 crore for setting up 25 fulfilment and sort centres pan-India to boost its e-grocery supply chain offerings during the current fiscal, the company has said in a statement. A part of the investment will also be allocated towards technology integration as well to enhance operational efficiency, it added.

“Stellar Value Chain Solutions will invest Rs 200 crore to boost its e-grocery supply chain offerings in FY21-22. The investment will help the company to set up 25 fulfilment and sort centres across the country in the current financial year to strengthen its e-commerce supply chain network,” the statement said.

The company will also infuse money into rolling out a fleet of electric vehicles (EVs) to develop an EV-based transportation network to facilitate the e-grocery delivery, Stellar Value Chain said.

Stellar Value Chain said that it has rolled out modern infrastructure in several Tier-I/II and Tier-III cities. A strong HR team coupled with a learning and development program ensures recruitment and skill development training for the staff and upskilling for contract staff to make them operation-ready for new sites within days.

Anshuman Singh, Chairman and Managing Director, Stellar Value Chain Solutions Pvt Ltd. said, “Changed buying pattern of consumers and a sense of convenience has made e-grocery one of the attractive and highly-competitive e-commerce segments. Our enhanced e-grocery supply chain will help companies develop a strong delivery backbone.”

In addition, the company said, it has developed a specialised module, Stellar Productivity Enhancement and Engineering Design (SPEED) to enhance agility and efficiency of the grocery fulfilment centres by adopting advanced technology and automation.

SPEED is ideal for the e-grocery players aiming to boost performance of grocery fulfilment centre operations, reduce the overheads and fully utilize the storage capacity of those centres, it stated.

Latest News

Budget 2023: What Samir Kumaar Modi of Modi Enterprises expects

A boost to consumption and expediting National Retail Trade Policy is on the Budget 2023 wishlist of Samir Kumaar...

More Articles Like This