5 trends driving sustainable supply chains

The urgent search to retract environmental damage leads inevitably to supply chains. The ecological ethos of each business, community, market, region and nation are governed by a network of supply chains. Advancing sustainable operations across these neural systems could diminish or reverse environmental liability. 1. Integrated CSR, Corporate Affairs and Procurement departments Transparency and accountability … Continue reading “5 trends driving sustainable supply chains”

India’s North South Transport Corridor (INSTC) will revive Latvian seaport for Indian exporters

India’s multi-modal logistics corridor will tap trade opportunities in Latvia, turning the tiny nations off the Baltic Sea into a gateway for Indian goods entering Northern Europe. The Mumbai-Tehran-Moscow pathway is said to rival the Suez Canal route as it facilitates faster, cheaper and safer cargo movement between Asia and Europe. Latvia’s largest seaport, Riga, … Continue reading “India’s North South Transport Corridor (INSTC) will revive Latvian seaport for Indian exporters”

Coastal transport to bring down logistics costs in India

The government is working towards lowering logistics costs to 12% from the current 18% by developing coastal shipping and inland waterways as alternative modes of transport. Movement of cargo through coastal shipping has inherent advantages over land modes of transport such as road and rail as it is more cost-effective, causes less pollution, reduces congestion … Continue reading “Coastal transport to bring down logistics costs in India”

GST-driven freight demand hike boosts Transport Corp. India profits by 23%

Image by: India CSR TCI’s net profit recorded for July-September increased from INR 19.7 crore in 2016 to INR 25.6 crore (USD 3.9 million) in 2017. Year-on-year revenue for the same time period also increased by 16.6%. The boost is likely a result of GST driven freight demand upticks. After its July rollout, the GST-induced … Continue reading “GST-driven freight demand hike boosts Transport Corp. India profits by 23%”

Inland waterways optimise freight movement in BBIN region

South Asian nations have long underutilised the viability of inland waterways. At an event, Sub-Regional Dialogue on Inland Waterways, held in Kolkata, experts concurred that developing infrastructure to connect the waterways of India and Bangladesh would not only ease the movement of goods between these nations but optimise transport networks to expedite and economise freight … Continue reading “Inland waterways optimise freight movement in BBIN region”