APSEZ, the flagship company of Adani ports Group, handled 120.51 million metric tonnes (MMT) of rail cargo in FY23, up from 98.61 MMT in FY22. Through the Indian Railways’ General Purpose Wagon Investment Scheme (GPWIS), APSEZ saw a 62% YoY increase in rail cargo. Mundra Port handled over 15,000 container trains in FY23. As a
When you’re starting your own manufacturing business, you might find that it pays to have finance in place. Once secured, however, you’re still going to have to make sure that you use it wisely. This is because you’re going to need to get some essential components in place that may not come that cheap and
A recent Freightwalla survey has shown that 84% of respondents believe digital will improve supply chain efficiency. The survey, published in the report “MSME Digital India 2022”, was aimed at understanding the changing digital penetration and awareness in the shipping and logistics industry among MSMEs in EXIM fraternity. The Indian shipping industry has experienced tremendous
Investors have various reasons for investing in Adani shares. Some believe in the company’s future potential while others are interested in its current position. However, all investors should carefully consider their options before making any decisions. Adani is an Indian multinational conglomerate company headquartered in Ahmedabad, Gujarat, India. It was founded by Gautam Adani in
It’s not uncommon for entrepreneurs to feel trapped by the business’ expenses. Therefore, finding solutions to save money is a priority for you, so you’ll look for them whenever possible. By doing so, you can increase cash flow and profitability. However, the potential expansion of online shopping has resulted in a corresponding rise in delivery
Confidence is falling in the world’s largest consumer market as European companies are moving apart from their operations in China. A recent survey by European Chamber of Commerce in China states that the supply chain concerns and other disruptions in China due to the tight COVID-19 lockdown measures have pushed around 23 percent of European
Get your Amazon packages delivered by drone later this year if you live in the town of California. Amazon recently released information, stating they will soon be using drones to do drone delivery services in Lockeford, California in the near future. Customers will be able to purchase items on Amazon. To make their delivery, a drone
The San Francisco, California-based ecommerce success story Deliverr has announced its acquisition by Shopify for $2.1B, a sum that includes both money and inventory. This is the biggest acquisition in Shopify’s history, and it will help it create a complete logistics platform that allows companies to quickly ship products to consumers. Shopify The recent news
The ongoing Sri Lankan economic crisis coupled with a $51 billion debt default has proven beneficial for Indian exporters. While the Sri Lankan crisis opens doors for Indian tea and textile exporters, India may face challenges filling global supply gaps. Furthermore, the pandemic severely hindered what has been Sri Lanka’s long-standing strength – tea and
China’s city-wide lockdown of Shanghai caused the Chinese stock markets to fall by 2% Premier Li Keqiang called on the country to develop its innovative capabilities China eases annual energy restrictions and is expected to see an upward trend in industrial metals and coal production China is the world’s top steel producer and consumer, with
