chowgulebrothersgoa

[chowgulebrothersgoa]

What are Bonded Warehouses and Major Benefits of Bonded Warehouse?

The global warehousing market as well as services of warehouse storage and distribution in Goa are always expanding to meet the demands of the industry, particularly the e-commerce business. The industry heavily relies on what is popularly known as bonded warehouses also known as bonds. A bonded warehouse is a place where imported goods that are yet to be cleared by customs are stored. In bonded warehouses imported goods are segregated, cleaned, stored, packaged, or sorted without the need to pay import duties. In a bonded warehouse one is permitted to defer payment of duty as well as any other taxes due until these imported goods are distributed in the market for sale.  

Bonded warehouses bring a lot of cheer for businesses that carry on trade across diverse jurisdictions by providing significant benefits which we discuss below.  

 Payment of duty can be deferred  

 The biggest advantage and a big financial breather for businesses is the fact that bonded warehouses help save taxes. Taxes on goods are to be paid only when the goods leave the warehouse and not during storage. This gives businesses plenty of time for per-sale formalities and processes. If you only export these goods, then you do not have to pay taxes and save tax there too. With this big reduction in tax expenses, businesses can increase their cash flow during the sale process. 

Leaves you with a lot of happy customers  

Facilities at bonded warehouses in Goa offer customers the opportunity to stock goods well in advance of their demand. This allows businesses to store goods close to places of delivery that too without having to pay any taxes. Once the demand arises, the businesses can then assure speedy delivery to their clients who are always happy with quick service.  

Meets the requisites of quality assurance prescribed by the industry  

Bonded warehouses are well equipped to store various goods without any compromise on quality or damage to goods. With the use of temperature-controlled facilities, dry container services, bulk storage facilities and so on bonded warehouses are continuously providing much-needed support to the logistics business in the country. 

Located close to ports  

 Bonded warehouses are located very close to the ports. Goods that are imported are then stored in these bonded warehouses thus easing the process of delivery of goods. Faster deliveries with low logistical expenses are one of the prime benefits of storage in bonded warehouses. It also saves you transportation costs and lessens the chances of damaging goods in transit. 

Works perfectly for international shipping  

Bonded warehouses play a major support role in imports and exports of goods. When it comes to importing, the goods can be stored in warehouses for up to 5 years. Tax is to be paid on it only during transit outside the state. Similarly, when it comes to exporting goods, merchants hold goods to conduct asset consolidation before the commodities are exported once again. These products are under the supervision of customs and there is no tax liability on them.  

Bonded warehouses are very advantageous for those businesses that are expecting an increase in demand for their goods and so are looking for storage options to meet the right supply requirements. Bonded warehousing plays a very important role in the logistics industry with several financial and logistic benefits. Investing in the services of the best logistics service provider in Goa saves time and money. 

[chowgulebrothersgoa]

Everything you Need to Know about Freight Forwarding

Freight forwarding is considered an umbrella service for shippers involved in transporting goods across the globe for businesses or personal shipments. Transportation of goods from one place to another involves detailed logistical planning and execution which is carried out by freight forwarding companies. In today’s ever-growing global economy, there is a rise in demand from companies who seek freight forwarding services for handling their exports. Experts in shipping and warehousing in India ensure that the right logistical infrastructure, technology, and skilled manpower are utilized to handle the associated tasks of freight forwarding. 

Let’s take a look at the essentials of the freight forwarding industry: 

What does a freight forwarder do?  

A freight forwarder is a link between importers and exporters. One can look at freight forwarding as a service that takes care of all necessary steps involved in moving goods from point A to point B, most importantly in a cost-effective and efficient manner.  

Why do companies need a freight forwarder  

Shipping of goods across the globe is a very complex process that needs highly trained professionals with adequate experience. The legal and documentation processes of transporting goods are vast and often vary from place to place. It is nearly impossible for manufacturers to handle these processes on their own. Hence, it is only apt to request for freight forwarding services to effectively transport goods to the end user.  

The various services involved in the freight forwarding process  

 Freight forwarders assist with providing services across the supply chain that fit into several processes, each of which is very essential to ensure the highest efficacy in the shipment process. 

Export Haulage 

Involves the safe transfer of goods from the source of production to the freight forwarders warehouse. 

Warehousing 

 Freight forwarders make use of a warehouse to pack and store the goods in transit as per the prescribed industry norms for safety and storage. 

Customs clearance & documentation 

Involves the liaising and communication between border agents and governments to operate within the framework of legal requirements across borders. 

Cargo Space 

 Freight forwarders help with choosing the right type of carriers to transport the shipment. Optimising shipments to meet the right requirements of transportation help prevent goods from getting damaged. 

Cargo Insurance 

Freight forwarders make provisions for providing insurance to goods in shipment, incase they get damaged or stolen during transit.  

Tracking of shipment 

 With the utilisation of technology and software, freight forwarders provide real-time tracking of goods in transit which helps shippers and customers to know where their shipments are at any given time.  

Destination handling & import haulage 

 Includes proper handling of the shipment at the destination offices or warehouses and subsequent delivery of cargo to the final destination.  

Points to keep in mind while choosing your freight forwarder  

 The safety and effective transit of your products heavily depends on the professional outputs of freight forwarders. Hence it is very essential to choose only the best shipping agents in Goa. Make sure they fit these credentials 

Work only with freight forwarding companies that have a long track record of success and have been in the industry long enough. 

Check for their expertise in handling the type of goods that you produce or need to be shipped. 

Ensure that they have a wide network with global carriers and are not just restricted to a limited region.  

Talk to other customers to find out about their reputation and goodwill. 

Freight forwarding is one of the most needed business tools for effective shipping of your goods across the globe. Make sure you establish a solid relationship with a shipping agency in Goa that recognizes the needs of your business and provides you professional services accordingly with the best turnaround time.  

[chowgulebrothersgoa]

Why is On-Demand Warehousing in India Getting Popular?

Despite the recent COVID-19 pandemic that hit the market globally, the Indian logistics industry, surprisingly, has seen tremendous progress and growth. The pandemic induced many disruptions like the large-scale supply chain constraints and so on. However, the Indian logistics industry seems to have pulled itself pretty well. In addition to this, the sector has evolved in a manner that the changes are here to stay for an extended period. That being said, on-demand warehousing in India has also witnessed radical changes. Warehousing, which is a subset of logistics, has grown exponentially, establishing itself as an enhanced player in the industry.

What’s more interesting here is that warehousing companies are more inclined towards using cutting-edge technologies like Artificial Intelligence (AI), Automation, the Internet of Things (IoT), and Data Analytics, which have helped in ensuring more streamlined and efficient operations. Today, there are numerous top-notch warehouse service providers in Goa that offer the best-in-class facilities and infrastructure to their clients. However, before proceeding ahead with the reasons why on-demand warehousing is getting so popular in the country, let’s have a look at what it is.

On-demand Warehousing | An Overview

If you are new in this sector, on-demand warehousing might seem like a foreign word to you. However, in the simplest words, on-demand warehousing is an online portal where companies can store their inventory and carry out the fulfillment of orders with warehouses that have space. On-demand warehousing allows you to outsource the order requirements to a company that has tie-ups with platforms that offer logistic or similar services. It is basically third-party fulfillment, where the online platform becomes a short-term warehouse space provider.

Why is on-demand warehousing in India getting so popular?

Given the demand for this service, it is pretty common for you to wonder what is so special about this type of warehousing. And aren’t you thinking why warehouse service providers in Goa are getting so popular? Well, let’s get your doubts cleared!

Flexibility

One of the most crucial reasons behind on-demand warehousing’s popularity is flexibility. All in all, on-demand warehousing gives the users and sellers incredible flexibility. As a matter of fact, D2C to direct-to-consumer sellers that deal in consumer electronics and electricals, healthcare, personal care, apparel, etc., get impeccable flexibility from on-demand warehousing. This type of warehousing helps D2C sellers manage the seasonal surges in demand that come, especially during the festive season.

Cost-effective

Yet another reason why on-demand warehousing in India is getting so popular is its cost-effectiveness. Honestly, if you are a small business that has just got into the sector of logistics, delivery, and so on, on-demand warehousing is the right way for you! Contrary to the fact of renting out an entire warehouse or investing a humongous amount in owning a dedicated warehouse space, this type of on-demand warehousing is a cost-effective, convenient, and effortless solution for you. All you have to do is find a portal that is a short-term warehouse space provider, and your work is done.

Furthermore, the increase in the number of e-commerce companies and faster order fulfillment have also contributed to the popularity and growth of on-demand warehousing. Whether warehouse service providers in Goa or any other location in the country, it is quintessential to understand that flexibility, agility, cost-effectiveness, and service quality are the important factors that every client looks for.

[chowgulebrothersgoa]

Top Reasons You Need to opt for a Warehousing Partner

If you are a manufacturer who is into import, export or transportation of goods, you simply cannot do without the services of an efficient warehousing partner. If you want your supply chain to be strong, working with a warehousing partner is a necessity. Warehousing is the bridge between manufacturing and distribution of your goods which are the two major parts of any successful business. As manufacturers your focus should lie on what you do best; you need to ensure that the production of goods takes place at the highest standard. The distribution of your final goods should be left in the hands of a warehouse company in India.

Why so? Read on:

Saves costs: Setting up your own warehouse space is an expensive affair. The overheads of running a warehousing business make production and distribution unaffordable. In addition to this, costs spent on staffing are very high. Every manufacturer seeks to cut costs so that they can make a decent profit in their manufacturing business. Hence outsourcing your warehousing needs to a warehousing partner is an ideal way to cut costs of business operations. Paying to avail services of a warehousing partner is more economical than running your warehouse.

Controlling inventory: Inventory management is crucial in the supply chain business. Warehousing partners operate using modern technology and the best inventory management systems that keep track of the number of goods produced and the available stock for distribution. A manufacturer is always aware of the stock that he needs to produce to meet the market demands based on data through reports presented by warehousing partners.

Strategic storage: Storing goods under ideal conditions is important in the supply chain industry. Certain goods need to be stored under the right temperatures in order to maintain their shelf life. This is possible with the varied storage options provided by warehousing partners. Additionally, the space for storage needs to be large to house the volume of goods produced and this may change as per the demand for the goods or even seasonally. One can avail of warehouse solutions in Goa to store goods as per their needs.

Easy Scaling: The needs of every manufacturer can change due to several factors like customer demand, the seasonal value of goods, increased business investment and so on. Due to these factors, the demand for storage of goods may not remain fixed and may change from month to month. When you have a warehousing partner, manufacturers can easily scale up based on their needs of storage. They can opt for short-term warehouse spaces in Goa based on their needs and requirements.

Better customer satisfaction: When the goods that you produce are delivered to the end consumer on time and in proper condition, it leads to the building of happy customers for you. Warehouses tend to have a robust method of ensuring that goods reach customers on time. Customers are also able to live track the transit of their goods which offers them convenience and transparency.

Having a warehousing partner is great for your manufacturing business. It gives you a chance to focus on what you do best and leave the distribution of goods into the hands of professionals who take care of it all. Get in touch with a top warehouse in Goa today.

[chowgulebrothersgoa]

Chowgule Brothers is a professionally managed company, with vast experience and expertise in providing efficient and cost effective supply chain management solutions to our customers.

[chowgulebrothersgoa]

Advantages of Outsourcing Warehouse and Distribution

Warehousing and distribution play a vital role in the business development of so many businesses today. Having efficient warehousing and distribution processes helps businesses to accelerate business and meet the growing demands of their customers. However, it is not economically viable for every business to have its own warehousing and distribution services. For this reason, it is estimated that almost 75% of businesses across India outsource their warehouse and distribution requirements to warehouse solutions in India. There are numerous advantages of doing so:

1.Optimum use of resources: All businesses need space for storing and distributing their products. This requires huge investments of capital and resources to be set up. Additionally, it would mean getting a trained workforce to manage these operations. It makes more sense for businesses to outsource warehousing and distribution processes instead of trying to manage things by themselves. The capital and workforce can be utilised to accelerate business growth instead of allotting it to warehousing. It’s best to outsource warehousing and distribution to professionals.

2.Compliance and management: Operating warehouses is not as easy as it seems. It can often be a herculean task. There are several rules, regulations and laws that govern the operations of warehouses and distribution. This can get overwhelming for new warehouses that lack the technical and legal know-how of the process. Existing warehouses have a lot of experience in this field and so it makes sense to outsource your warehousing and distribution to a warehouse company in India for a smooth shipping process.

3.Better customer service: Customer satisfaction is the key to repeat business which guarantees business acceleration. If businesses try to manage production as well as warehousing there is a high risk of messing up the warehousing process leading to delays in shipment, damage to goods leading to poor customer satisfaction. It is best to focus only on what you do best and outsource the warehousing to professionals who will ensure a smooth distribution of all goods.

4.Higher return on investment: Spending on outsourcing your warehousing process may seem expensive at first but in the long run you will realise that it can be a very profitable investment. You will save a lot of money as compared to operating your own warehousing. Additionally since the distribution of your products will be done through professional means, you’ll have more happy customers which means more business and more profits.

5.Flexibility: Outsourcing your warehousing and distribution will enable you to pay for it on-demand. If the demand for your products varies seasonally you may not need the services of a warehouse all year round. With outsourcing warehousing, you can choose to utilise the services of a warehouse as per your needs and requirements. You end up paying for using the services of a warehouse only as and when you use it. There is an option of utilising the services of a shared warehouse space Goa, which you can use as and when you see the demand.

[chowgulebrothersgoa]

[chowgulebrothersgoa]

Top Advantages and Challenges in LCL Transport and How to Solve Them.

Top Advantages and Challenges in LCL Transport and How to Solve Them.

📷

LCL shipping which is the abbreviation for Less than Container Load is a form of transportation that helps you ship goods when you do not have enough to send via a Full Container Load (FCL). In LCL, your consignments along with consignments of several other shippers are packed together into one single container. LCL is the most preferred mode of transport that is chosen when a shipper does not have a high enough volume of cargo to fit a full standard 20ft or 40ft sized shipping container. Several companies offer these tailored logistics solutions in Goa.

Advantages of LCL Transport

Next best option to air freight: If you seek to ship low volumes of shipment in a faster timeline LCL transport is a great option. It is cheaper than air freights and also fulfills smaller customised orders. One can also avail of expedited LCL options.

Meets quick deadlines: As a short-term shipping measure, LCL works very well. It is worth paying that extra buck for LCL as compared to FCL as one avoids the need to wait for the container to get full to be shipped.

Smaller inventory: For those shipping companies who do not have enough space to store goods or cannot afford to take services of large storage facilities, LCL transport is ideal. LCL facilitates the shipping of smaller batches of products and keeps your inventory lean.

Flexible: LCL is a very flexible option when it comes to shipping. LCL is very handy for companies that have a wide range of products and change them frequently. It helps in shipping smaller quantities which helps avoid a heavy inventory situation. The faster delivery service helps stop product obsolescence in case goods move slower than anticipated.

While LCL comes with a whole range of advantages, there are certain challenges faced by LCL transportation. These challenges can often be a glitch in the shipping industry however, they can be resolved by putting in a little bit of effort.

Since goods in LCL are consolidated with several other goods they could get damaged during transit. This can be worked upon by palletizing, reinforcing packaging, adding extra dunnage inside cartons and corner reinforcements.

During LCL shipping you lose control over the fate of your goods. Since you wouldn’t know what the other stuff that is being shipped in your container is, it may run the risk of other shippers not filling their paperwork out leading to customs holdups. This can be dealt with by working with only the top shipping agents in India.

LCL transportation also involves many parties in one shipment. Coordination between all may be an issue. Transparent and quick communication between the suppliers, transporters and the dealer will help in resolving any communication gaps between all the parties involved in the LCL shipment.

With a little additional attention to detail and by choosing the services of complete logistics service providers in India, LCL can be a great option for shipping. Before you go ahead with an LCL shipping company provider, ensure that they have enough volume in their lanes to keep your LCL shipments moving flawlessly.

[chowgulebrothersgoa]

What is Bulk Inventory Management and Know if it is Right for Your Business

An effective inventory system is a must for any business. Getting your inventory management system right is not always an easy task. In a rapidly changing world of online shopping and uncertainty in markets every now and then, making mistakes in inventory management can prove to be costly. One needs to be very cautious about running out of stocks and inventory mismanagement calculations.

This is where bulk inventory management plays a key role in effective inventory management. Bulk inventory management is defined as a three-part system starting with a business ordering goods in bulk based on its sales forecasts. Next these goods are stored in an on-site warehouse or the establishment of a third-party logistics company (3PL). As stocks begin to be sold and get diminished the business yet again reorders in bulk.

Bulk inventory management heavily relies on market forecasts, current manufacturing rate and delivery times.

Bulk inventory management techniques and their relevance to your business:

Par level or reorder point system: A reorder point system involves setting a parameter of a specified number of units based on which the next order will take place. The threshold depends on precise calculations of sales forecasts and manufacturing rates. Whenever a business reaches the defined par level or threshold, they will reorder bulk quantity.

Order pattern system: This works well for companies that have a fairly fixed number of sales a year. If you know you are going to make a definite number of sales a year you can make bulk orders keeping in mind the number of sales that are expected. It is ideal for companies that have a lot of historical data and seasonal demands that are predictable.

Control rhythm system: This technique works well for businesses that are confident of predicting their sales patterns at different times in a year. If a business knows the demand for goods at various times of the year it can order accordingly.

The best way to start a bulk inventory management system is to automate the inventory process with the help of inventory management software. Make sure to enter all the relevant details such as names and the current number of units of all your products. Ensure that the process of adding and removing a product from inventory is happening correctly. Set up an alert in your inventory management system to inform you when it’s time to reorder.

Benefits of bulk inventory management:

Businesses can save a lot of money by availing bulk purchase discounts offered by manufacturers. These discounts reduce the average cost-per-unit, which helps businesses increase their profits.

A bulk inventory management system is easier to implement and is straightforward.

Challenges of bulk inventory management:

Your sales forecasts need to be highly accurate. You cannot misjudge your sales forecasts; if you do you run the risk of facing losses.

Bulk inventory management entails the need for large warehousing in Goa which can at times be an expensive investment.

One needs to decide the use of bulk inventory management depending on the nature of the business. If you have a strong inventory management system that enables you to forecast sales in an ideal manner it will make sense to go in for a bulk inventory system. It will be cost-effective for you as well as convenient to run the business. There is a rise in bulk inventory storage on demand in Goa and this is due to the new trends in e-commerce. This has in turn led to the demand for short-term warehouse space in Goa, as a good warehousing system is a must for bulk inventory management.

[chowgulebrothersgoa]

Here are the tips for packing and shipping. Choose the top shipping agent in Goa that best fits the needs of your shipment. For more details visit our website www.chowgulebrothers.com or contact us on 7720018471

[chowgulebrothersgoa]

5 Strategies for Reducing Logistics and Supply Chain Costs

Poor logistics planning and lack of proper decisions may cause excessive expenditures, missed delivery deadlines and damaged goods. This is the reason optimizing operational efficiency is of utmost importance for reducing logistics and supply chain costs. Reducing logistic costs should be your number one priority when it comes to supply chain management in Goa. Let us show you how it can be achieved:

Consolidated Shipments: 

Shipping goods in FCL (full container loads) is definitely preferred to LCL (less than a container load). This is because it is safer and more cost effective. It is cheaper to consolidate multiple partial shipments into one full shipment. It minimizes your transportation costs drastically. 

Cargo Insurance: 

In the process of transportation risks, loss, and damage are a part and parcel of the journey. Make sure to get your cargo insured. It should fully cover the value of products in order to prevent any unpleasant occurrences. Cargo insurance is the ideal way for all businesses to reduce financial exposure and mitigate supply chain risks. Policies and coverage may vary, it is best to use the services of an insurance broker to make the right decision.

Outsourcing: 

Several businesses choose to outsource a portion of their supply chain operations, which are mainly transportation and storage. Outsourcing brings with it cost reduction and increased efficiency. Under the right circumstances, an outsourcing process can bring substantial savings. Third party logistics providers specialize in logistics.  They have a larger network of warehouses, fulfilment centres, and logistics providers. This helps in providing better service at lesser costs.

Supply Chain Visibility: 

The process of maintaining visibility of your supply chain can improve planning and expense control via better management of your safety stock. It helps reduce the risk of product deficit. With the use of real-time dashboards that refresh data automatically, supply chain managers and financial executives get the most current and relevant information. They can then find alternate routes of supply or distribution if the need arises. The supply chain performance should be evaluated on a regular basis. This ensures meeting your customers’ requirements ensuring great service as the best logistics service provider Goa.

Optimized use of Resources: 

You must optimize the utilization of your assets, including their status (owned or leased) so that it greatly improves your business efficiency. Rearrangement of the delivery schedules keeps the entire fleet of vehicles active throughout the day. If your high business peaks are seasonal, then you should rent additional space only during that time. 

Timely Planning: 

Production schedule, shipping routes, and transit time (from pick-up to delivery) needs to be planned accurately. Smart planning should consider international holidays as factors in shipping schedules and delivery times. Last minute decisions cause delays and missed deadlines so plan in advance.

It is surely possible to reduce supply chain costs, and the suggestions above will get you started to be the top logistics solutions in Goa. You can effectively run an efficient supply chain, by determining what changes need to be implemented.

[chowgulebrothersgoa]

We are trusted Warehousing and Logistics Provider for over 20 years situated in Goa India with innovative supply chain solutions to support your Organization achieve greater visibility. We provide reliable Shipping Services at all sea ports in India. Warehousing & Logistics Company in Goa supporting business growth through cost effective supply chain management solutions. Visit out website for more info.

[chowgulebrothersgoa]

We are trusted Warehousing and Logistics Provider for over 20 years situated in Goa India with innovative supply chain solutions to support your Organization achieve greater visibility. Get in touch with us for all your business logistics needs.

[chowgulebrothersgoa]

How 3PL Service Provider Helps Businesses Leverage Performance While Cutting the Cost

A 3PL (third-party logistics) is when a shipper uses a third-party businesses for the outsourcing of distribution, logistics or fulfilment services. Handling logistics by oneself and at the same time accelerating business can make things complicated. Outsourcing of warehouse operations and logistics to a reputed 3PL service provider in pan India can ace your business game. There are many reasons why outsourcing is the ideal choice of several business ventures; from start-ups to the biggest brands. We discuss some here today:

1) Saves time and money: The success of any business highly depends on efficiency. Instead of allocating resources towards building and maintaining a warehouse, sorting out the transportation of goods and/or services, optimizing services, and utilizing new technologies through an in-house management model, it is better to outsource the job to a 3PL. This process eliminates costs and frees up your key employees so that they can focus on manufacturing and increase business growth. 

2) Shared warehouse space: 3PLs make use of shared warehouse spaces, this means that you can better manage high and low seasons with the help of a 3PL.  They are in a position to quickly respond to increase in demand or expansion. Most businesses go through fluctuations in demand throughout the year; with shared warehousing service providers in India, you pay only for what space you utilise. 

3) Advanced technology:  3PL can assist with the responsibility and costs that come along with investing in technologies to improve your operations. This cost of technology in a 3PL is shared with multiple clients and hence it does not come as a financial burden on the business. Some of the technological investments undertaken by 3PLs are:

Real-time Order Tracking

Transportation Management Systems (TMS)

Data Analysis and Reporting Tools

Route and Consolidation Optimization Tools

Freight Audit and Payment Solutions

4) Transportation management: Transportation of goods or services between locations is entirely taken care of by the 3PL providers. A lot of transportation 3PL providers often will leverage other transportation firms to get the duties of their partners sorted. They have a wide network among transporters which can be optimised to meet transportation demands.

5) Decreased risk: A 3PL provider comes with much more in-depth knowledge and experience in the fields of supply chain and warehouse management. The expertise of a good 3PL provider helps to better logistic facilities as well as improve problem-solving. When this is in place the risks of businesses are mitigated and output improved. This will also increase the value of services to customers of the best warehousing & logistics solution in India. 

3PL companies offer great solutions for the ever increasing overall efficiency and customer satisfaction demand while cutting logistics costs. Outsourcing provides a simplified workflow and garners better returns. Human and non-human resources are also better utilised. Get an edge over your competitors by tying up with a 3PL provider.

[chowgulebrothersgoa]

The continuous changing demand landscape, as well as the technological advancements that the supply chain is being subjected to, has led to the transformation of a lot of elements in the supply chain. The warehouse being the element that has gained maximum traction, it is stimulating to know what the future holds.

As the manufacturing sector witnessed an increase in the growth rate annually since the last couple of years, it will lead to growth in the warehousing companies in India as well.

The warehousing sector has witnessed double-digit growth in the annual leasing activity in 2019.

Due to the emerging online retail business, huge investments have been received in the past two years and are predicted to grow even further

The warehousing industry is predicted to take an evolutionary leap in the next 5-8 years. Implementation of GST by the Government has given it yet another thrust. Companies used to build a warehouse in each state to evade taxes. But due to the revised taxing system, Large warehouses are being built at central locations which can serve a number of states using a hub and spoke model. Hence, reducing the number of warehouses and easing the upgradation of technological capabilities. With the sector gaining maturity, there is a lot of predestined for the future of the industry.

Land acquisition at strategic locations for warehouse expansion will be very crucial in the coming time due to the increasing demand for on-demand warehousing.

The warehousing space in India is expected to double the current capacity by 2022, which accounts to almost triple the capacity of 2015.

With the growing demand for warehousing in tier 2 cities, there is a likelihood of investments coming in over the next 4 years, in the Indian warehousing sector.

There will be a surge in the cold storage infrastructure. And the Pradhan Mantri Kisan Sampada Yojana (PMKSY) will provide it with a push from the government’s end.

There have been massive upgradations and advancements in warehouse technology services and solutions as well with the increase in the use of Robotics, Internet of things, Artificial Intelligence and Machine Learning.

Predictive maintenance technology will use Sensors and IOT to notify the companies about the need for fixing, maintenance, or upgradation. It can also notify about the failure of any component in advance.

Augmented reality (AR) and Virtual reality (VR) can minimize the required training and secure the delivery and identification process through facial and object recognition technology.

Drones and Autonomous Guided Vehicles (AGVs) are being developed to aid the inventory carrying and management. They can read RFID tags and update the information in the ERP system.

Robotics coupled with Machine Learning is expected to master skills like sensing and affinity, which can lead to human-like interaction with the surroundings.

Blockchain will play an essential role in achieving better connectivity, security, and transparency at every level, through the distributed ledger technology.

Advanced analytics shall help with the forecasting, inventory location planning, risk reduction and better decision making.

We, at Chowgule Brothers, have always been proactive in adapting with the latest technology trends and inculcating it with our services to transfer its advantages to our clients. A vast range of services that we provide can give thrust to your business.

[chowgulebrothersgoa]

Importance of Efficient Logistic and Supply Chain Management During a Pandemic

If at all the importance of something was realised the most, it has been the importance of logistics during a pandemic. As countries deal more and more with the negative effects of a pandemic, supply chain management acts as an aid to the crippling economy. The pandemic has affected supply chain management in many ways. First of all the number of staff at work will be very less, either because they will be sick or due to restrictions in the number of people at a workplace. Lockdowns affect the movement of goods unless of course they are essential. With the virus looming around the world the supply chain management has been affected in some way or the other. So what can be done to  produce an efficient logistic and supply chain management during a pandemic? 

You are all aware that in a pandemic the movement of people is restricted. And rightly so fewer people step out to go shopping. They prefer utilising online shopping options to procure goods. In these times the role of logistics and supply chain management comes to the rescue. The best logistics service providers need to efficiently work with supplier bases, including consumer-packaged-goods (CPG) makers, distributors, and co-manufacturers during the pandemic. Delivery options should be stepped up, we need to increase the location to where products are delivered, similarly we need to increase the delivery agents to be able to step up to more delivery demand. 

The supply chain management in India helps in saving lives, a lot of essentials and medicines are shipped during the pandemic. But first of all you need to guarantee the life and safety of your workers. Invest in protective gear for your workers, encourage work from home as much as possible. As far as managing essentials and pharmaceuticals goes, you need to collaborate closely with your freight forwarders, carriers, and others – especially for the pharmaceutical industry.

Always be prepared, failing to prepare is one of the worst mistakes we can make in a pandemic. You should have a risk management plan in place. Customers need to be reassured that they will receive products from you even during testing times. We need to diversify supply chains geographically and develop more partnerships for better transit. Cost management is another factor to consider. We cannot simply increase rates for supply management just because we are in a pandemic. Make an agility plan to avoid transport delays. Use automation and proper inventory management systems to manage your products. 

The Covid Pandemic may linger for many more years however are you going to complain and take your supply management and logistics in hiding? No, we need to be well prepared and take all efforts to make sure customers receive their products on time, your staff is safe and healthy, essentials and medicines move freely and we avoid mistakes that can be detrimental to the supply chain management. Let’s make a conscious effort to provide the best of supply chain and logistical management in the pandemic. 

At Chowgule Brothers we make sure that even in tough times we deliver efficient Logistic and Supply Chain Management solutions.

[chowgulebrothersgoa]

What is Order Fulfillment Process and the Steps Involved in it

In the shipping industry there is a process of receiving goods, then processing and delivering orders to customers, this entire process is known as the order fulfilment process. Every customer places an order that they desire to receive and eventually after a set of steps he or she receives the order. This entire process is order fulfilment. The process seems easy in the eyes of customers, however; there is a big process in the entire order fulfilment process. There are several important steps in this process:

1. Receiving of order: The process of accepting an incoming order is said to be the process of receiving an order. Companies either choose to receive the order directly and stock it in-house or use order fulfillment companies in India to do the needful. 

2. Inventory storage:  Once the inventory is received we need to store it efficiently. Items are stored in warehouses that consist of shelves, bins, or pallets. These goods have to be stored systematically for smooth order fulfilment speed and accuracy. If not stored properly the risk of committing mistakes is higher. 

3. Picking: Once the order is placed the entire process of shipping commences. One needs to be sure that the process of picking is initiated. For those using an inventory management system, things get done more effectively. Usually, a picker receives a generated packing slip with the items, quantities, and storage locations in order to execute the pickup.

4. Packing: When goods move in transit we need to make sure that they are delivered safely. Here is where the packing plays a major role. All items are carefully wrapped to ensure safe transit. The materials used are boxes, bubble mailers, poly bags, packing tape, bubble wrap, and air fill. 

5. Shipping: Goods can be shipped in several different ways. Everyone looks for fast delivery nowadays. Orders are shipped by post, road, air, ship and so on. Once shipped it is essential to provide the customers with tracking information so they know where their orders are at all times.

6. Returns processing: A strong return policy is a must for online shopping these days. People often buy products because of flexible returns. Complete logistics service providers in India must sort out how they will cater to customer returns by collecting the goods from their doorstep.

Customers of today are all looking for fast shipping. Top 3pl service providers pan India can’t take short cuts; the order fulfilment process must be well structured. Identify top priorities in the process and work on them. Happy customers result in repeated business; make sure the best is always done.