Future Group’s supply chain is building 9 distribution center worth Rs 130 crore

Future group supply chain is going to invest Rs. 130 crore for developing 9 distribution centre in India. Besides fulfilling its own warehousing requirements, these centers will also serve for other retailers and FMCG companies.

Future supply chain already launched a distribution center in Nagpur which will strengthen and fulfill the needs of Big Bazaar & Future Supply Chain Solutions. The high tech warehouse situated at the Multi-Modal International Hub Airport in Nagpur (Mihan) Special Economic Zone has the capacity for quick processing superior inventory and cost reduction for the group.

The future supply chain, a joint venture involving Hong Kong-based trading firm, Li & Fung and the Future Group, is also planning to set up nine distribution centres in other major cities ranging from Mumbai, Chennai, Hyderabad, Ahmedabad, Pune, Delhi, Kolkata and Bangalore.

Courtesy By

Loadjunction - An online solution for Indian Transportation & Logistics sectors

Third Party Logistics is gaining popularity in India to cope up with the country’s logistics need

Third Party Logistics (3PL) concept is very popular in the developed countries like Europe and America. In 3PL service a , a solitary professional logistics service contributor handle the complete logistics functions of a company, to alleviate industries from vast logistics costs. At a primary level, a 3PL provider will guarantee the services of warehousing and distribution for you (evolved service providers now do much more - tracking, packing, sourcing etc.)

Previously the issues like poor infrastructure, pitiable connectivity and complex tax regimes have created some obstacle for growth of 3PL business in India.

But the rapid economic development in India creates potential customers for Third Party Logistics (3 PLs) business in Indian. the growing dissemination of IT-hardware multinational companies like in the country, unparalleled expansion in sectors like Telecom, Banking, Financial Services and Insurance (BFSI), Power and manufacturing ongoing growth in logistics cost, trustworthiness on 3 PL services from automobiles and auto components industry, decline of cost together with high output by electronics manufacturers accelerate the high demand for 3 PL businesses in India.

Besides the logistics and transportation sectors in India is expecting an extensive growth by CAGR of 9.9% over the next 5 years and it also generates the big opportunities in 3PL business. Third party logistics business in India is expected to grow at US$90mn by 2012. 3PL will be mostly suitable for Automobile, IT-Hardware, FMCG, and Consumer Electronics market in India. PL market in India will experience a double-digit growth of near about 22% throughout the anticipated period (2012-2015).

3PL can provide an integrated logistics solutions and some value added services which may include supply chain consultation, cargo consolidation, route optimization, freight audit, freight forwarding etc . The supply chain professionals can get rid of inefficiencies and high cost and make a way into the market with savings in cost and time. 3PL can also provide some great benefits to the small and medium sized businesses (SMBs) by minimizing the capital investments and the risk & loss connected with delays in consignment.

The Indian government is also providing great support by making huge investment in logistics infrastructure. The government is setting up public-private partnership projects (PPPs) towards the expansion of highways, port connectivity, dedicated freight corridors and development of free trade warehousing zones (FTWZ).

Indian Railways is going to arrange to multi-modal logistics parks in the state and is offering private equity firms for huge investment opportunities. Some days ago DHL invested USD 10 million to develop a warehousing facility in the forthcoming FTWZ in Chennai. These factors boost up the growth of 3PLs business in India.

So the logistics professionals in India can now taste the benefits of 3PL business as the country makes its position to the highest peak of the rising markets as an attractive destination for foreign investment, which has been attributed to its size and growth prospects. In short, the time is now ripe for Logistics 2.0 to take off in India.
~~~~~~
We have just launched our portal ( http://www.loadjunction.com/ ) which may be useful to you in many ways like eradication of deadhead miles, getting good paying backhauls, find accessibility of all sizes and types (container, trailer, flatbed etc.) of trucks, comparison of realtime rates of various route, radius search for trucks and loads, instant truck and load matching, and so many.

For immediate registration go through the following link
http://www.loadjunction.com/registration.php

Find unlimited trucks online
http://www.loadjunction.com/truck/find-truck-online.html

Find unlimited loads online
http://www.loadjunction.com/load/find-load-online.html

We are offering a 30 days free trial and if you want to avail this opportunity, go through our website and register immediately.

Be aware of load board scams and take preventive measures

Online load board scams are causing threats to trucking industries to a great extent. With Load board scam the victims are suffering a huge monetary loss. The companies should conduct extensive research on their transportation providers and undertake preventive measures against scams.

As the shippers and brokers have to undergo a huge cost, they often does not pay attention to scrutinize the background of the transportation providers available on load boards. A company that fails to provide a yearly subscription to a credit agency, is chargeable up to $50 for each enquiry.

As soon as evaluating the cost of carrying out due diligence aligned with the cost of being scammed, one will at all times appear ahead by providing a simple credit check. One should also validate the address and phone numbers of carrier as well as safety record, and insurance policy.

In order to find out the authenticity of a carrier, one should confirm the active operating authority that facilitates carriers to haul commodities for other businesses. If a company's authority is active surpassing one year, one can consider it as legitimate.

Shippers and brokers can get help from various online resources to judge the legitimacy of the carrier. The companies can join online monitoring services and the Transportation Intermediaries Association to get deep understanding of their business partners and get access to carrier watchdog services that report poor performance.

In order to make sure that the information is authentic, shippers should go through on all online research and get in touch with the company's office and its insurance representative directly.

In June 2011, the Fighting Fraud in Transportation Act of 2011 was launch focusing on numerous policies to formulate more efficient transportation directive as well as growing the surety bond for brokers and freight forwarders from $10,000 to $100,000.

Increased bond liability is created with the increased bond amount that builds sureties stricter and elevates the bar for freight brokers. This will facilitate to get rid of scammers who are acquiring active authority. This will useful to defend shippers, brokers, and carriers.

In order to defend themselves from load board scams, the best solution is that the shippers, brokers, and carriers should collaborate with a third-party logistics (3PL) firm. With this partnership the shippers will be benefitted by utilizing the 3PL's trusted carrier base, and get the protection for being connected with a financially stable organization.

~~~~~~

Posted by
Rajib Dey
Business Executive
email : rajib.dey@suainlogistics.com
website : www.suainlogistics.com

Want to know more about load boards, then go through the following to join our group "LOAD BOARD IN INDIA" in linkedin.http://www.linkedin.com/groups/Load-Board-in-India-4475000?trk=myg_ugrp_ovr