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Electric Fleet Economics: The Financial Advantages

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  As it is widely recognized, the world has witnessed a growing shift towards electric vehicles (EVs) as a means of combating climate change and reducing carbon emissions. In today's rapidly evolving transportation landscape, the economic benefits of shifting to an electric fleet have become a compelling argument for businesses and organisations worldwide. This transition extends beyond individual vehicles to encompass fleets operated by businesses, government agencies, and organisations of all sizes. Shifting to an electric fleet not only brings environmental advantages but also holds numerous economic benefits. Lower Maintenance Cost One of the most significant economic benefits of adopting an electric fleet is the potential for substantial cost savings. While the upfront purchase price of electric vehicles may be higher compared to traditional gasoline-powered vehicles, the total cost of ownership over the vehicle's lifespan is significantly lower. EVs have fewer moving pa

Surging Online Goods Demand: Resolving the Challenge

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  The online delivery market in India is experiencing significant growth, with projections indicating a substantial increase in the coming years. To optimise logistics operations in this booming industry, the implementation of multi-job strategies can lead to a notable reduction in costs. In today's fast-paced and competitive market, logistics is the backbone that enables businesses to stay agile, responsive, and capable of meeting the ever-growing demand for goods. Technology solutions play a crucial role in helping businesses run their operations smoothly by providing tangible tools and infrastructure to support various aspects of the logistics process. IoT applications in logistics  enable real-time tracking of assets, inventory, and vehicles, improving supply chain visibility and efficiency. It allows for proactive maintenance, optimising routes, reducing delays, and enhancing overall operational performance. Telematics devices, GPS trackers, and onboard diagnostics systems pro

Warehousing: A Strategic Backbone in Today's Business Landscape

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  The logistics sector is experiencing a notable upturn in 2023, evident from the growth of the warehousing sector. In the first quarter of the year, approximately  11 million square feet of warehouse space was absorbed, with tier I cities accounting for a significant 77% of the total absorption, while tier II and III cities contributed to the remaining 23% . This surge in demand is accompanied by a remarkable influx of new warehouse projects that emphasise enhanced specifications and uphold stringent EHS standards. The evolving needs of businesses are met by such projects. Warehousing plays a crucial role in ensuring the safety and security of products, especially in an  e-commerce supply chain . By implementing a well-established warehousing process, businesses can significantly reduce the risks of product damage. This is particularly important for companies handling delicate or perishable items. One key aspect of warehousing is the ability to store goods in a temperature-controlled

Fighting Food Waste: Tech's Role in Reducing Perishable Loss

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Food waste poses a challenge globally as a staggering amount of food produced for human consumption ends up being wasted. India grapples with a significant food wastage issue, resulting in an alarming economic loss of approximately  92,000  crore annually. However, amidst this challenge, technology is emerging as a pivotal tool in addressing the issue. Innovative solutions driven by technology are now actively reducing perishable loss and revolutionising the methods employed in food handling and distribution. Fleet and delivery management which includes cold chain technology i.e. refrigeration and temperature-controlled logistics, plays a crucial role in preventing spoilage and extending the shelf life of perishable food items. With the advent of IoT (Internet of Things), sensors and monitoring devices can now be installed in transportation vehicles to ensure that the optimal temperature and humidity conditions are maintained throughout the supply chain. Smart Inventory Management Tr

Maintaining Quality and Safety: Transporting Perishable Goods

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  India is the world’s second-largest producer of fruits and vegetables — Production of   around 300 million tons   per year. According to a rough estimate as per 2021, India experienced a significant food wastage problem, with   approximately 40%   of its annual food production going to waste. This wastage primarily stemmed from fragmented food systems and inefficient supply chains. What added to the irony is that a substantial portion of this loss occurred even before the food reached the consumer. Inadequate storage and transportation facilities for perishable food items in India have resulted in significant challenges and wastage which has raised concerns among various stakeholders in the food supply chain, as also highlighted in a  September 2022 article . Traders often face difficulties finding space in trains, leading them to abandon perishable items that rot easily. In some cases, the food is dumped in the parcel area of railway stations, obstructing deliveries and causing fina

Exploring the Root Causes of Common Fuel Theft and How to Address Them

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  In today’s competitive economic environment, an effective transport management system is crucial for businesses operating in industries with complex supply chains. Without proper transportation infrastructure, it becomes difficult to move raw materials, finished goods, and other supplies around, leading to delays, higher costs, and lost revenue. Fortunately, technological advancements have made it easier for businesses to streamline their transportation operations and optimise their supply chains. By leveraging data and automation, companies can better track their shipments, improve delivery times, reduce transportation costs, and ultimately improve their bottom line. In India, the cost of fuel is a significant component of the transportation cost for businesses, accounting for around 40-50% of the total supply chain expenses.   The cost of fuel has a direct impact on the pricing strategy of many companies operating in India, and fluctuations in fuel prices can have a ripple e

4 Ways to Reduce Doorstep Cancellations

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When operating an ecommerce business, the likelihood of order cancellations is higher compared to traditional brick-and-mortar stores. According to data from the  Government of India  the National Consumer Helpline received a total of 68,506 complaints in the e-commerce sector from April to November 2018. Out of these, 40,669 were referred to convergence companies, of which 33,612 were resolved. All businesses face the challenge of dealing with the negative impact of order cancellations, but some experience higher rates than others. While it is natural for customers to return products, a high volume of cancellations can be concerning for business stakeholders. In this article, we will explore 6 effective ways to reduce doorstep cancellations. 1.     Market Research To reduce the frequency of order cancellations, it is crucial to identify the underlying cause, which is typically linked to customer dissatisfaction. By gaining a comprehensive understanding of customers' wants, needs