Reforms driving cost optimization in logistics

Cargoconnect, Oct 2017
Logistics is one of the most pivotal pillars for functioning of an organisation. Further, it is a universally acknowledged fact that the cost of logistics is very high in India. Some estimates put it at about 13 percent of GDP, which is higher than the US (9) and Germany (8). A study by Assocham-Resurgent India (2016) stated that the country can save $50 billion if logistics costs reduce from 14 percent to 9 percent of GDP. Reduced logistics costs would bring down prices of products also. But the question is why it is so high?

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Catalysing the growth story of Indian logistics

Cargoconnect, Nov 2017
Technological advancements are taking the industry by storm. Organisations are looking at more and more technological solutions to better serve their clients. So, how have you implemented technology to better streamline your logistics services? Technology has been the platform under which we have managed logistics services. It has been the foundation from the standpoint of enabling our business and has become our differentiator in the market. We have been able to provide value added solutions to our customers through the robust implementation of technology and software solutions. All vehicles operated by TVSLSL are GPS enabled, and our ERP is integrated with these GPS systems to give real time, part level, visibility to our customers.

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Poor roads breaking the pace of Indian logistics

Cargoconnect, Nov 2017
Logistics undoubtedly plays a vital role in driving economy of the country to the next level. It is a backbone of every commercial sector as it provides efficient and cost-effective flow of goods in each and every business. Logistics industry in India is evolving rapidly as LSPs are proactively embracing technologies and improving their infrastructure with a motive to reduce cost and providing effective services to its clients.

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Indian logistics sector: Poised to grow and eliminate bottlenecks

Cargotalk, Dec 2017
With the ‘Make in India’ and GST centered reforms coming into force over the last two years, it is absolutely clear that OEMs will deeply partner with their logistics service partners to make their vision of growth and market share, a reality. With the government agreeing to include warehousing under the infrastructure umbrella, the logistics sector has received a much-required boost. However, this is only the beginning of the journey to make doing logistics business truly easy in India.

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A year that witnessed ups and downs

2017 has been a roller coaster year for logistics industry but for the most part I would say it was positive. GST has been a progressive step in the right direction and the recent announcement to grant infrastructure status to warehouses is encouraging.
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Changing dynamics of logistics in India

Prior to roll out of GST, most companies had their logistics networks planned around tax structures and compliances. This is now expected to shift in favour of optimisation of warehousing space, network capabilities, and fleet choices. The demand for greater efficiency and faster ways to reach raw materials to manufacturing units and from the manufacturing units to the market place will accelerate the change. This can reduce logistics cost, which, at 13% of GDP currently, is very high.
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The Dynamics of Warehousing

Cargoconnect, Aug 2017
“IoT is about interconnecting and creating intelligence from all the devices around us. This game-changing technology will offer enormous cost savings and massive productivity enhancements in the future. The sheer volume of data is staggering, but it offers a world of opportunities for businesses to better manage inventory, improve customer relationships, and enhance daily operations.” Said Mr. R. Shankar, CEO,TVSLSL-India in an article in Cargo Connect in August 2017 issue.Continue reading

TVS Logistics draws aggressive growth strategies for India business; aims for $ 1 bn revenue from India operations by FY ‘21

  • To leverage post GST opportunities, global integration and cross deployment to bring unique differentiated capabilities to Indian market
  • Announces new organization structure with R. Shankar leading the India business

Chennai, 29th August, 2017: TVS Logistics Services Ltd. (TVS LSL), the India-based multinational third-party logistics service provider, announced its aggressive growth plans for Indian market for the next three years. The company informed that it has devised multiple strategies that include, a new organizational structure, global integration, cross deployment, leveraging GST opportunities, etc. towards achieving its growth in India. It further added, Mr. R. Shankar has been given the responsibility to lead the overall India business for achieving its $ 1bn revenue target by FY 2021. R. Shankar was earlier managing select business operations in India.Continue reading

TVS Logistics picks up 60% stake UK-based SPC International

TVS Logistics will be investing Rs 100 crore for this acquisition and funding the future growth for the Uxbridge-based SPC International which has a turnover of Rs 165 crore. This acquisition in the UK adds repair and parts supply to the company’s comprehensive list of end-to-end supply chain services for its customers worldwide, the company said in a statement.
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TVS Logistics takes majority stake in Australia based ‘Transtar’ through its Singapore JV arm

The move would significantly enhance its Freight Forwarding capability – Transtar would further strengthen TVS Logistics’ base in South East Asia

Chennai, October 08, 2015: TVS Logistics Services, India’s leading third party logistics (3PL) service provider, today announced that, through its JV arm in Singapore – ‘TVS Asianics Supply Chain Solutions,’ it has reached an agreement to take a ‘majority stake’ in the ‘Transtar International Freight’ – Australia based integrated transportation and supply chain solutions provider throughout the Asia region. With this move, TVS Logistics, which already has its presence in South East Asian countries like Singapore, Thailand and China, would mark its entry into Australia. Post the deal, Transtar will continue to be headquartered in Melbourne (Australia) and Mr. Hank Meyer, CEO and founder will continue to remain its CEO.Continue reading