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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...

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...

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...

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;...

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...

Delhivery eyes IPO in one year; gets $25 mn investment from Steadview

Supply chain company Delhivery has said it will head towards the public markets in the next 12-15 months. It also said Steadview Capital has bought $25 million (about Rs 184 crore) worth of secondary shares from one of its early investors. The logistics firm,...

Digital transformation of logistics industry

This pandemic has forced the world to move towards an essential bouquet of digitally enabled, dependable and scalable services at a much faster pace than what could have been expected. As a result of being forced to spend time at...

Logistics growth to be driven by e-commerce among other sectors: ICRA

The near-term growth of the COVID-19-battered logistics sector is expected to be driven by specific segments like e-commerce, ratings agency ICRA said on Monday. Citing how trends in online purchases and deliveries have picked up substantially post the lockdown, it...

Supply Chain & Logistics in COVID-19 Times: How to be future prepared

Extensive Demand, Panic buying, Out of stock, Not-Operational, COVID-19. The current situation of the global retail industry can be explained in these five phrases today. There is no end to the rise in product demand due to the lockdown...

Transport tariff hike to send logistics, products costs up

Struggling with shortage of manpower and a massive supply slump coupled with regulatory challenges in a world grappling with the health crisis that is Covid-19, freighters are all set to increase tariff by almost 80 percent. According to a report in...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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