There is no denying to the fact that India is one of the fastest-growing economies in the world and is home to some largest manufacturing facilities, delivering goods in both domestic and international markets. However, there was a time when a poor logistics system was crippling this growth story. Transporting goods around the country used to take weeks altogether with incessant delays. There was no mechanism to track the goods in real-time. To combat ‘running out of stock’ scenarios, manufacturers started overstocking the inventories. This unnecessarily added to their expenses and made attracting foreign investments a difficult proposition. Realizing that this rapid economic growth was outstripping the capabilities of the logistics system, the GOI (Government of India) started with a series of initiatives to empower their infrastructure. This lead to the birth of DMICDC Logistics Data Services (DLDS) – a joint venture between GOI represented by National Industrial Corridor Development and Implementation Trust (NICDIT) and Japanese IT major NEC Corporation, with 50:50 equity participation on 30th December 2015.
The LDB Project
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Denne historien er fra April 2020-utgaven av Maritime Gateway.
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Impact Of Covid-19 On Shipping And Logistics
Industry stalwarts discuss threadbare the prevailing logistics and supply chain scenario and issues in clearing cargo during the COVID-19 lockdown
Digital Platforms Defy Lockdown
Digital trading modules such as eNAM are enabling farmers to move their produce from farm to market even during the lockdown
GARMENT TRADE TRAMPLED
As retailers face a shutdown in US and Europe, the cascading affect has caused mass cancellation of orders in Bangladesh
TRADE RESUMES WITH CHINA
While India has allowed uninterrupted movement of imports into Nepal even during lockdown, China is reopening its borders as it emerges from the pandemic
LESS HUMAN INTENSIVE, MORE DATA DRIVEN
AI provides transformational opportunity for logistics industry by improving customer experience, operational efficiency, faster turnaround time and lower cost while ensuring security and transparency. Macro environment requires industry to transform to be less human intensive, agile and data driven, all of which can be accelerated by AI adoption, shares Gangadhar Gude, Founder & CEO, atai.ai
SHAKEN AND STIRRED
The COVID-19 pandemic has partially paralysed the logistics and supply chain, but the industry is still deterred to ensure supply of essentials continues
TRADE STUCK, ECONOMY SLOWS DOWN
Sri Lankan economy slows down as trade deficit widens and supply chain disrupts amidst lockdown
LENDING INTELLIGENCE TO SUPPLY CHAIN
If you’re shipping millions of dollars’ worth of pharmaceuticals, high-end electronics, expensive seafood, or precious metals, what would you be willing to pay for the ability to ‘ask’ your shipment where it is right now and whether it’s ok? What would you pay for a freight smart enough to raise an alarm before it spoils? Artificial Intelligence enables that and much more…
CONTAINER LINES SIGNAL ‘SOS'
As the per-unit cost of operations increases many lines are forced to blank sailings which has hit their bottom line real hard. The Government and Terminal Operators therefore need to actively consider reduction in Vessel Related Costs
IMO 2020 And The Covid-19 Curse
The COVID-19 outbreak has shaken and stirred the already volatile bunker market. While the refiners adjust their capacities and shipping lines choose their path to compliance, the market dynamics are yet to reach an equilibrium
