Goods and Services Tax (GST) has been envisaged to resolve the erstwhile pre-GST pain points and streamline the supply chain. Most companies are deliberating the need to redesign their after-produce supply chain networks. The biggest advantage which supply chain experts attribute to the implementation of GST is the reduction in
Time-Based competition is intensifying. Delays caused to the ship and its cargo cost a lot to everyone in the supply chain. The inventive use of information technology (IT) will create a benefit equivalent to that of containerization Information technology, especially Internet-based systems, are increasingly being employed in all transport services.
The shipping industry has been achieving spectacular growth in container trade, along with the globalization process and large-scale adoption of the container. Worldwide containers throughput increased from 36 million in 1980 and 88 million in 1990 to about 535 million in 2008. Around 60% of the world’s port involves laden
During the year 2018, the overall absorption of logistics during the year touched close to 24 million sq. ft., which was a growth of about 44 per cent compared to the prevailing year. Nearly every city in India witnessed growth in space take-up on an annual basis. Following the expected
Letter Of Indemnity From Reputable Financial Institutions Although a letter of indemnity does not excuse a carrier from his obligation to deliver the cargo against bills of lading, nevertheless, they provide the carrier with an avenue to recover his losses from the party granting the letter of indemnity. In this