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India is one of the fastest growing nations in the Asia Pacific regions during the past five years. With a transformation in the economic system which has been expedited by an increase in commerce, the nation plans to achieve more than 9% GDP growth rate in the coming years. Variables such as service industry, e-commerce, production sector along with FDI and personal disposable income have impacted the express logistics market in India.
Clearly, infrastructure is the backbone of a nation’s growth and prosperity and for the logistics industry to sustain and create waves in the developed nations, special importance has to be laid on the improvement of the infrastructural readiness. Specific direction needs to be given on construction of long and robust road networks, interconnected rail network, latest cargo readiness at airports and creation and development of logistics parks which need to be identified as Special Economic Zones.
Creating Cognizance & Establishment of Educational Institutions for Logistics
To win over the existing skill issues in the Indian express logistics industry needs establishment of training institutions. It is of great importance to understand the profits that most widely implemented SOPs in the logistics industry can bring to the logistic firms so that the overall service quality of the industry is improved. Training needs analysis need to be executed to fill gaps in training and they have to be filled at both the entry level and in the management cadre which could be a success only through specialized graduation and/or post-graduation courses focused on Operations and Supply Chain management.
Improving Warehousing facilities
Good’s storage and warehousing amenities are of primary importance to the growth of the express logistics industry. With the rise in the movement of consumable products, express logistics firms will have to aim at improving the warehousing facilities. To take warehousing to the next level the express logistics firms will now need to take into account the fluctuating dynamics of JIT manufacturing, procurement and models of sales and distribution.
Inspiring Research and Development (R&D)
Accentuating on R&D is important mainly because it inspires implementation of home-grown technology which can make the trade more cost effective and it also leads to the expansion in services due to the use of improved and more rationalised services. Focus needs to be specifically laid on research in operational excellence which can help eliminating inadequacies and assist in bringing Indian logistics on par with best practices.
Estimated Future Growth:
The growth of the Indian express logistics sector is purely dependent on the growth of its soft infrastructure like education on logistics, training and policy framing as much as the hard infrastructure. To upkeep India’s fast growing economy, development of the express logistics sector is of great importance and estimates are that the Indian logistics sector will endure to show vigorous growth of 10-15% annually, and thereby it will lead the rate of growth of the economy.
Main demand drivers:
The biggest enhancement to the growth of the industry is expected to come from the rising consumer demand, especially from the Tier 2 and 3 sections of the country. This is being further fuelled by the radical growth of e-commerce which is leading to logistics companies countering with new inventions in service since logistics is a dire component in the success of all online businesses.
There are several reasons to use a freight broker, perhaps you have purchased an item across the country or need to get an item (s) shipped to your customer and you’re looking for an easy, cost effective way to get it done. Whatever the reason may be, this guide has been put together to help you select a high quality freight brokerage company.
The below article contains various items to look for including legal, insurance, quality & experience when selecting a freight broker.
Do they have a Freight Broker Bond and operating authorities?
As of October 1st, 2013 Freight brokers are required by the FMCSA (Federal Motor Carrier Safety Administration) to have in place either a BMC-84 or BMC-85 freight broker bond in the amount of $75,000 U.S Dollars in order to maintain an active operating authority. The BMC-84 is a surety bond provided by an insurance company who is willing to guarantee the 75K in case the broker defaults on payments. The insured (broker) will pay a yearly premium of $1,000 to $12,000 in order to get this insurance in place. The BMC-85 removes the insurance company and is put in place by the broker themselves or a bank by putting $75,000 into a trust fund. The main benefit to a trucking company is that they have a bit more of a guarantee that they will get paid and that a less reputable broker isn’t going to take the money from the customer and run without paying the trucker. The benefit to the shipper is very similar in the idea that they don’t have to fear that after they pay the broker the trucking company is going to come after them later if the broker takes off. This has helped reduce the amount of fraud in the industry as the broker now has to be financially stable before they even start. This is all fine if your in the USA or using a U.S. based broker but if you’re in Canada its a little different story. Currently the only province in Canada that regulates freight brokers is Quebec, who requires brokers to be registered with the CTQ. However in order to get active authorities the FMCSA stated that Canadian Brokers need to obtain the bond as well. This has left many brokers Canadian brokers in a grey area as the U.S. says they need it while Canada says they do not. Even if a Canadian broker wanted to get a bond it is very tough to find a U.S. or Canadian insurance company to quote it or offer it for a decent price. In conclusion, it is a good idea for all brokers to have it as it is beneficial to everyone and chances are if a Canadian broker has obtained a bond they are extremely financially stable.
Do they have proper insurance to protect your goods for transport?
Chances are that the trucking company the freight broker or Freight brokerage company hires for you will have more than enough insurance to cover the value of your goods in the case of an accident but it is a good idea for the broker to have insurance as well. You will want your broker to obtain proper insurance l just in case the trucking company is running with expired insurance or the broker forgets to check the trucking companies insurance in the first place. Either way you want to make sure you are covered. A reputable freight broker will have this insurance in place and will likely provide a copy of it before you have a chance to ask for it. You will want to see a minimum of 1 million liability, 250k cargo (unless the value of your goods is higher of course) and an errors and omissions policy is always a good idea.
Can you find non bias references or referrals?
A good freight broker will likely have reviews on Google about past shipments, however keep in mind that these may be higher on the negative side as a person who had a good experience is much less likely to take the time out of their schedule to write a review in the first place. The best place to start would be from a friend or college who is in the shipping business. Chances are they have used one or more freight brokers before that should be able to point you in the right direction. The broker may also be able to provide references but unless it’s from a big reputable company it is likely not going to be very useful.
Has the freight broker ever done this before?
Another important part to look for is if the broker has any experience brokering freight. You will want to make sure they know what they are doing as moving freight isn’t as simple as calling a trucking company and sitting back. They may have experience in moving dry van freight but no experience moving Agricultural equipment. Different types of freight have a lot of different requirements to get it shipped. If the item is crossing internationally you will want to make sure the broker has experience doing that as mistakes may end up costing 1000’s of dollars. An experienced broker will be able to answer pretty well any question you may have about moving freight.
Looking around for the perfect crowd control barriers for your event? A barrier helps to divert vehicle or pedestrian traffic to a particular direction, thus averting chaos and confusion in the given circumstances. There are a variety of crowd control barriers which can be availed according to your requirements. These barriers are normally crafted in such a way so as to ensure maximum flexibility which ensures they can be removed or installed with less hassle whenever the need arises. They come in useful to barricade a particular place, assign construction sites, craft pedestrian railings, and control traffic. You will be pleasantly surprised to know crowd control barriers come in a wonderful array of designs, dimensions, and materials. These barriers span all fields like construction, political events, and enforcement of law situations, industries and security measures.
The Steel Barriers
Choosing the right type of barrier depends on your requirements. Steel barriers were the order of the day around two decades ago. They were seen regularly at all sporting events, parades, concerts, conventions, and festivals. Available in a stunning variety of models and designs of various qualities, these steel barriers still continues to be a real boon for so many occasions.
Affordable Concrete Barriers
Yet another kind of barrier which is extremely popular is concrete barrier. A concrete barrier is an ideal solution for excellent protection to roadways, buildings, and all kinds of structures. These barriers are ideal for provision of safety of the public, the top priority aspect as far as corporate and government institutions are concerned.
Concrete jersey barriers are also perfect to control vehicles on national highways and prove to be a great help in lowering danger for two wheeler riders. They come in extremely useful to better the flow of traffic in areas like open car parking and can also be used as dividers too. Mostly these barriers are manufactured from reinforced steel concrete. The durability aspect is also high as they can withstand exposure to natural elements. The good news is they are not very expensive in pricing, implying they provide an excellent economical solution to most crowd controlling issues.
Yet another popular barrier you can look at is water filled barriers manufactured from UV resistant plastic polyethylene which is recycled and the perfect solution for sporting accessions. These barriers are extremely light and compact making transportation and installation very simple and easy to handle.
Introduction: When you are proffering an item, it is essential to choose the right packaging enterprise. Your packaging is the first thing that potential purchasers see when they look at your item on the rack in nearby store or the web. The package also keeps the item safe. As a result of these two critical elements, it is fundamental to locate a top packaging company.
With that in mind, here are several attribute to watch:
All top packaging companies will offer a scope of packages ranging from small sizes, to vast packaging. Most companies have the ability to package up to 1,000 in a short period of time. While the estimation of a short run is evident for little organizations with fewer deals and customers, they are useful to the big company also, as they let them try out new bundling thoughts. Any top bundling firm ought to offer these short-run alternatives so they can genuinely oblige organizations of all sizes.
Another quality you will see in a top packaging company is the capacity to alter an item. A percentage of the least expensive packaging firms will offer a set style and sizes for boxes and different compartments, without even the ability to tweak the hue or logo on it, obliging you to invest extra energy customizing the cases. On the flip side of the range are the best organizations, and these will give you a chance to choose the style, size, plans, logos, shading conspires, and even set patterns so you can genuinely make item bundling that nobody else in the business has.
The top packaging companies will apparently deliver quality items. Their items must have the capacity to confront the wear and tear of transportation as well as keep going when sitting on a rack. One of the ideal approaches to telling if a company produces quality packaging is to peruse other client surveys. These will demonstrate whether customers were fulfilled with this particular enterprise and regardless of whether it is genuinely a top bundling company.
A great many people understand that if you are making a huge bundling request, you might need to hold up a sensible measure of time to get it. The best packaging company, be that as it may, will have the capacity to proffer a speedy turnaround, and the measure of time this incorporates relies on upon such variables as the quantity of boxes and the subtle elements included. Short-run firms, for instance, ought to have the capacity to offer a turnaround time of 2 weeks or less.
The last norm for a top packaging company is its ability to provide a few naturally well-disposed alternatives. You ought to, anticipate that these choices will someday cost more than the less ecologically attractive opportunities. In spite of this, most organizations will, at any rate, find a way to offer greener packaging so that regardless of the possibility that you have a valid request, it won’t largely affect the planet.
We are a packaging with the best knowledge in packaging. We at PrintMena offer competitive packaging prices for our clients. Our team of expert is better placed to offer you all kind of packages despite the nature of the package.