logistics
Finance and Funding
India’s warehousing sector needs $3.8 Bn funding to meet demand in the next 3 years: Report
Much of this funding will be required in Grade A warehousing facilities, which are witnessing increasing demand due to their impact on operational efficienciesMumbai: There will be a demand for approx. 223 mn sq ft of Grade A warehousing over...
In Focus
MOVIN expands its Express End-of-day services to 19 new cities
PTI -
Express End-of-day services of MOVIN now available in 47 cities across IndiaGurugram : MOVIN Express Private Limited, a joint venture between UPS and InterGlobe Enterprises, has announced the expansion of its Express End-of-day service to 19 new cities and towns,...
Big Grid
India’s omnichannel sales to top $55 billion by 2027
India’s omnichannel business could swell five times, to $55 billion, by 2027, up from about $11 billion at present, according to the latest report by IMAGES Group’s India Phygital Index 2022.The report, jointly conducted by IMAGES Group in association...
Big Grid
How third party logistics are helping brands and retailers succeed: Redseer
Online retail in India has grown more than 3x in the last 4 years and is only set to be bigger in the coming years. Along with its growth and other sectors dependent on it, along the way there...
Retail
Logistics aggregator Shiprocket names Romil Puri as VP, Seller Excellence
Shiprocket, one of India’s leading tech-enabled logistics and fulfillment platform, is currently in the middle of robust expansion as it continues to onboard industry experts for its leadership team. Recently, the AI-powered platform has onboarded Romil Puri as the...
Retail
WoodenStreet to spend $5 mn for expanding its warehouse capacity by 5X
Leading furniture e-commerce WoodenStreet is planning to expand its current warehouse capacity by fivefold to a total of 50 Lakh sqft across India in the upcoming 24-36 months. The company plans to invest around 4 to 5 Million USD to...
International News
Logistics investment in Europe soared to $46.5 bn in 2020, a 7-year high
Thanks to the growth of online shopping, there was a record level of logistics investment in Europe in 2020.According to the research data analyzed and published by Comprar Acciones, e-commerce growth in Europe drove logistics investments up to €38.64...
Retail
Govt’s logistics division starts formulating national packaging initiative
The logistics division, under the Commerce Ministry, has started an exercise to formulate a national packaging initiative, which will be part of the proposed logistics policy. The ministry on Wednesday said that a stakeholder consultation was organised to define the scope and the national packaging initiative...
Retail
Government proposes national logistics policy, to reduce cost to less than 10% of GDP
The commerce ministry has sough views of different departments on its proposed national logistics policy which aims at enhancing productivity and competitiveness of manufacturers by reducing cost of logistics, sources said. The proposed policy talks about developing national and state master plans for multi-modal connectivity;...
Home Decor & Furnishing
HomeTown leverages FarEye to deliver 50% faster & drive rapid innovations
HomeTown, one of the leading furniture and lifestyle retailers, part of the Future Group partnered with FarEye to orchestrate last-mile deliveries, achieve real-time visibility and enhance the customer experience. Recognized as India’s biggest store in homemaking, renovation, and decor, HomeTown improved...
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Latest News
Patanjali Foods to evaluate proposal to buy Patanjali Ayurved’s non-food business
Patanjali Foods will consider acquiring brands like Dant Kanti and Kesh Kanti of Patanjali AyurvedNew Delhi: Patanjali Foods Ltd,...
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