How is Container Shortage Impacting the Shipping Industry?
Freight carriers are confronting a shortage of transportation containers amid high demand for delivery by sea and increasing supply chain costs for specific organizations across Asia. It is so severe that premium service providers cannot guarantee serviceability to customers. Triton International, one of the world’s largest container leasing firms, has ordered US$725 million worth of […]
Decoding The Working of Spot Market
The Indian Transportation industry is continually growing at a CAGR of 15%, with over 7 Million goods vehicles moving around the country. The freight volume has reached 1325 billion ton-km, which should double by 2025. The Indian economy spends almost 14% of its GDP on transportation and logistics, whereas developed countries spend 6-8% on total […]
How to achieve 100% Audit Compliance in Logistics- Logistics Automation is the Solution?
The purpose of a logistics audit is righteous. To assist organizations in transparent and fair freight negotiations, vendor selection and identifying areas where efficiency can be improved with Logistics Automation or process optimization. The righteousness of the purpose is, however, directly proportional to the ruthlessness of the process. How often do these queries hit your […]
5 Trends Driving Logistics towards Technology & Automation
In recent years, innovation and automation have brought big swings to the logistics industry. Businesses are undergoing severe transformations with automation and new technological solutions changing how people work in the supply chain domain. So now, they either can be proactive and take advantage of these technological changes or are forced by the market trends […]
Problems with Spot Freight Negotiation & how you can fix it
For a price-sensitive economy like India, cost and timely delivery are the most critical concerns of transportation. Over 35% of manufacturers and construction enterprises have limited certainty or predictability of routes and dispatch frequencies. For them, a long-term contract is not an option. Hence, the logistics team at such enterprises spends over 65% of their […]
Benefits of Transport Management System (TMS)
Digitization is transforming business operations and creating new winners. It all started 30-40 years back with the digitization of accounting activity. People shifted from manual records to software for accounting (SAP, Oracle, Tally, and Quickbooks). It was followed by sales & marketing (salesforce) and human resources. But evolution in logistics continued to be low due […]
SuperProcure is recognized as one of the top 25 Innovative Enterprises
We are very excited to share that SuperProcure has been recognized as one of the Top 25 Innovative Enterprises of 2018 by the CII Industrial Innovation Awards 2018. Instituted by CII in 2014, the CII Industrial Innovation Awards recognize and celebrate innovative Indian enterprises and budding start-ups across industry segments annually. For the 2018 Awards, […]
Vehicle Tracking Technology and its Types
Vehicle tracking technology has been prevalent for almost a few decades and is now evolving with each passing year. Also known as GPS tracking, fleets use it for efficiency and cost-saving purposes and to streamline their daily operations. Vehicle tracking technology is the most important for any business to lower operational costs and to improve […]
Impact of Big Data on Supply Chain Management
“According to sources, 64% of supply chain executives consider big data analytics a disruptive and important technology, setting the foundation for long-term change management in their organizations.” With the advent of technology, companies today have become more data-centric. New strategies are designed to study and analyze the data and conclude insights, thus advancing the very […]
Impact of Goods and Services Tax (GST) on Logistics Industry
The logistics industry is the backbone of the Indian economy. The Indian Logistics Industry is home to 45 Million people. However, according to the World Bank’s Logistics Performance Index 2010, India is in 47th position out of 155 countries. India spends approximately 14% of its GDP on logistics which translates into USD 140 billion. This […]