Tag: Logistics Industry

Business

What this budget meant for logistics Industry

Feb 5, 2024 by Sujata Muguda 0 Comments #Lobb Logistics, #Logistics, #Logistics Industry, #Ms Nirmala Sitaraman, #PM Gati Shakti, #Venu Kondur

Bengaluru February 5, 2024– Finance Minister of India Ms Nirmala Sitaraman presented her annual but interim budget (due to ensuing elections) very recently. It had slew of offerings for logistics industry. The logistics sector has received a major push in the Interim Budget 2024 as the government plans to set up three major economic railway corridors to reduce congestion and logistics costs in India. Industry stakeholders welcomed the government’s plans but have highlighted that certain areas still require attention. Industry stakeholders welcomed the government’s plans but have highlighted that certain areas still require attention.

lobb truck png

The government said these projects have been identified under the PM Gati Shakti for enabling multi-modal connectivity. These commodity-specific economic rail corridors aim to address congestion issues in rail lines, particularly in the eastern region. These dedicated corridors will facilitate faster movement of freight and improve turnaround times, reducing logistics costs for India. Currently, logistics costs account for approximately 12% of India’s GDP, which hampers its competitiveness, particularly in the manufacturing sector, compared with competing countries. Industry stakeholders say that by reducing traffic on transportation routes and improving the efficiency of freight transportation, the county can increase its logistical competitiveness.

Venu Kondur

Giving his views on the budget Lobb Logistics Chief Executive Officer Venu Kondur said, “This will be an added boost to Tech led logistics businesses “All forms of infrastructure – digital, social, physical – are being built in record time”, he went on to say “the government must adopt economic policies that will sustain growth and contribute in powering investment and fulfil aspirations. The commitment of renewed assurance on logistics policy and connecting multi-model through technology is going to be key. Increasing road network for motorable roads is also an added fillip to us. The government will take up next generation reforms and build consensus with the states and stakeholders to ensure effective implementation, Policy priority to provide training for MSMEs to compete globally. The government promise to expand and strengthen the EV ecosystem by supporting manufacturing and charging infrastructure”.

Logistics process streamlining & backend system enabling underway: Pawan Kumar Agarwal
Business World

Meet Birendra Kumar Singh, a Dhanbad-based logistics entrepreneur who is a shining example ofa self-reliant India

Mar 26, 2021 by Neel Achary 0 Comments #Dhanbad-based Birendra Kumar Singh, #Jyoti Services Pvt. Ltd, #Logistics Industry

With the logistics industry thriving for innovation, new growth opportunities in the sector have led to micro-sized businesses taking a central role in servicing Indian customers. As people continue to expect faster deliveries, companies like Amazon are strengthening all parts of their network, including their middle mile operations, which connects the fulfillment network with the delivery network. This has opened avenues for small businesses to leverage their on-ground knowledge and power the company’s ability to increase the speed of transportation between the two miles while serving as a median to connect India.

Tapping into this opportunity, many entrepreneurs have been able to build and scale their business with Amazon India; Dhanbad-based Birendra Kumar Singh is one among them.

Birendra, the owner of Jyoti Services Pvt. Ltd., started his career as a delivery boy at a postal service company, where he developed the thought of becoming an entrepreneur. He eventually ventured into logistics business by plying vehicles, catering to the requirements of FMCG companies. Soon after, he partnered with Amazon in 2019 to run middle-mile operations.

His determination to become an entrepreneur resulted in success, allowing him to expand his fleet inventory from 8 to 56 vehicles. He says, “Working with Amazon India has played a pivotal role in developing new insights about e-Commerce space and it has helped inredefining my vision of a “customer-first” approach. I have truly discovered my entrepreneurial journey and to be able to help people in the process was more satisfying than I could imagine.”
The efforts of Birendra as well as hisassociates have not only ensured seamless deliveries but have also cemented the role of its backbone, enabling them to upscale and be self-reliant.

Abhinav Singh, Director – Amazon Transportation Services, said ““Trucking partners are the backbone of our operations, powering our ability to increase the speed of transportation between fulfilment centres and the last mile. Theirs is a pivotal role in ensuring on-time deliveries and we are focussed on enabling them with cutting edge technology. In line with our commitment to aid small businesses across the country we have worked with our partners and custom built programs for them to gain financial flexibility, safe driving techniques, route knowledge, maintenance and procurement programs from large OEMs. Driver safety is our top priority, we have trained thousands of drivers this year on defensive driving, COVID safety and facility safety protocols. We have partnered with third-party companies to provide health and accidental insurance coverage for drivers that is reimbursed by Amazon. We believe that the idea of an atmanirbhar Bharat is powered by these enterprising businesses and are proud to be empowering them.”

While these partners continue to travel the length and breadth of India, health and safety remains to be a priority. Partners and associates are following all preventative health measures such as adherence to social distancing norms and use of face covering, among 100 other measures.

With the last year constraining operations for these trucking partners, the company introduced the Partner Support Fund that allows partners in the middle-mile to support more than 40,000 of their associates through financial hardships, and to help cover critical fixed costs and liquidity concerns. Amazon India also extended the ‘Amazon Relief Fund’ to all eligible trucking partners providing transportation support in the event of financial hardships.

Logistics Industry, Peeyush Gupta, founder and CEO of Weeple
Business World

Indore based Logistics Startup Expanding Reach of MSMEs

Feb 11, 2021 by Neel Achary 0 Comments #founder and CEO of Weeple, #Logistics Industry, #Peeyush Gupta

Weeple was started as a logistics startup in 2017 from Indore to solve the problems in goods transportation faced by business and individuals. Weeple provides goods transportation service from Indore to pan India with door pick up and door delivery facility, live tracking, and much lower transportation time. Weeple provides various type of goods transportation service including bike transport service, house shifting service, and part load transportation service to MSMEs from Indore to over 26000 pin codes. Story: Started with the objective of building a new age logistics system for the country, Weeple Logistics now provides logistics services to over 26000 pin codes from Indore. Weeple helps in growing businesses by expanding the reach of the businesses to new areas in the country and enables you to sell your goods to new customers, markets and cities. Weeple provides service at both small and large scale and serves both businesses and consumers. Weeple provides courier part load transport, full truck booking, bike transport, office relocation, and house shifting packers and movers service.

Managing logistics and having a good logistics partner is essential for any product-based business in the current changing economy. Internet and 4G adoption have connected distant businesses and buyers directly and a good logistics system is very essential to actually get the goods in the hands of buyers. Weeple delivers the goods to even the remote areas of the country which gives a boost to the local economy of remote areas. Weeple has been recognized as a startup under #StartupIndia initiative by the government and currently has over 300 brands as its customer. Weeple acts as a one stop solution for pan India logistics for both consumers and businesses. Its technology-based system effectively manages the transportation of goods to over 26000+ pin codes with new-age features like live tracking, lower TAT and door delivery.

Weeple has been able to connect business to even the remote parts of the country and has been actively working on upgrading the logistics system, making its services more affordable and accessible to more businesses and consumers. Rohit Wale, COO of Weeple, emphasizes the need of having a reliable and trusted logistics partner. Having a capable logistics partner maximizes your customer conversion rate due to a large network and grows your customer base.

Peeyush Gupta, founder and CEO of Weeple, quoted “Logistics Industry is largely unorganized and fragmented, we have heard from businesses that they couldn’t find transporter for specific routes even after calling more than 50 transporters and many businesses had to invest a lot of their time in looking for logistics service providers, that time could be utilized in focusing on product and increasing their sales. Weeple is trying to solve this problem of business and attempting to build a system which can transport goods to any part of the country without any hassle”.