Importance Of Choosing The Right Supply Chain Companies In India For Your Company

Supply chain management (SCM) is the handling of the entire production flow of a good or service — starting from the raw components to delivering the final product to the consumer. It includes the processes of moving and storing the materials used to produce goods, storing the finished products, and tracking where sold products go so that you can use that information to drive future sales. A smooth functioning supply chain management is critical to any business as this affects the overall costs, losses, and profit margins of the company.  

At times keeping track of all goods and services along with vendor, warehouse management is too time-consuming and ties up the resources of the company. A lot of companies are using a supply chain consultant to help in the management and handling of the process or just advise the business on how to improve the way they do things.

With businesses facing a lot of pressure to maintain a cost-effective supply chain, consulting supply chain companies in India would be able to aid them to streamline their supply chain operations.

The process of SCM involves every aspect of business operations, including logistics, purchasing, and information technology. It integrates materials, finances, suppliers, manufacturing facilities, wholesalers, retailers, and consumers into a seamless system. Supply chain management is often described as having five key elements: planning, sourcing of raw materials, manufacturing, delivery, and returns. 

Who is a Supply Chain Consultant?

 

The supply chain requires continuous management because it is affected by many factors outside the control of the business, such as fuel prices, government policies, and environmental conditions. It can be difficult for companies to be aware of all these factors, making it a difficult task to manage your supply chain activities effectively.

 

A supply chain consultant would have many years of experience and knowledge base in managing multiple vendors, dealing with the management of freight costs for shipments, procurement, warehousing, material handling, purchasing, distribution issues, and even price negotiation. They would be able to provide cost-effective solutions for the different functions that make up the supply chain. Supply chain consultants can guide your company on a wide variety of projects, including global supply chain optimization, software selection, strategic sourcing, and logistics network design. Supply Chain Consulting in India would be able to address the logistics and supply chain issues with optimization-based solutions. With effective SCM, inventory, production, distribution, sales, and vendor inventory are all tightly controlled.

 

Safexpress, one of the leading logistics companies in India, having more than 24 years of experience and knowledge, with a team of 3000+ highly experienced supply chain experts would be the right choice to provide the best quality service and logistics assistance for your businesses. Safexpress combines the latest technology, domain expertise to provide customized solutions to improve supply chain operations.  Their services are targeted to strengthen the end-to-end logistics performance of your supply chains.

 

Why Is Supply Chain Management Important?

 

Supply chain management is important because it can help achieve several business objectives and also provides several opportunities for businesses to improve their profit margins. By managing the supply chain, companies can cut excess costs and deliver products to the consumer faster.  

 

In Conclusion

 

Technology advances have enabled supply chain managers to closely monitor and solve problems encountered in the supply chain in real-time. With supply chain companies in India, businesses can anticipate problems, dynamically adjust to fluctuating situations, improve inventory and increase customer satisfaction.

Benefits of using reverse logistics services in India

India’s e-commerce sector is expanding at an exponential growth rate. With every purchase done through the internet, the probability of it being returned or requiring to be replaced has necessitated the need for efficient reverse logistics services in India.  Reverse logistics is often associated with returns and recalls, but it is also used for recycling programs, asset recovery, and disposal. It enables businesses to recover value from returned products that are no longer useful in their current state. 

A product once returned was considered as a lost inventory, but now it is being re-packaged, re-furbished, and re-oriented to suit a wider market using reverse logistics. Product recalls by automotive and pharmaceutical manufacturers, the introduction of block chain technology in logistics, and stringent government regulations for e-waste are the other major factors responsible for the growth of the reverse logistics market.

Reverse logistics helps to provide customer satisfaction and also to reduce the negative environmental impact. Reverse logistics activities involve recycling management, returns management, and environmental compliance. With reverse logistics offering better margins to logistics players, this segment has seen a bunch of reverse logistics company in India emerging to provide this service. 

Lack of proper reverse supply chain logistics can disrupt the entire supply chain workflow, cutting into profits and leaving you with inventories that cannot be sold. But when reverse logistics are optimized, they can provide you with an opportunity to maximize sales and reduce costs. Reverse logistics require the same attention to detail as forward logistics, but managing them does not have to be difficult.

 Safexpress, one of the leading reverse logistics company in India provides services that would ensure smooth management of your reverse logistics.  Safexpress provides effective management of the return process by implementing strategies that are easy, timely, affordable, and customizable to suit your business’s requirements.

Benefits Of Reverse Logistics

 

Effective streamlining of reverse logistics in the supply chain will ensure cost savings, happy customers and also improve sustainability. With effective reverse logistics in place to take care of proper disposal of your products, this would enable you to build brand awareness and brand loyalty among eco-conscious customers.

 

· Increased Customer Satisfaction

 

Ensuring your customers remain loyal to your brand, businesses need to provide facilities for easy returns, refunds, or replacements which are done quickly and efficiently.  The way your business handles returns could directly affect how customers feel about your brand. 

 

· Decreased Costs

Products that are recollected can be used to retain usable material thus ensuring materials costs are reduced. For products that can be repaired, they can be repackaged and resold at lower prices to recoup what would otherwise be lost money.  Repaired products can also be repackaged and sold in secondary markets. Thus, better profit margins and reduced wastage can be generated by implementing an efficient reverse logistics process in your supply chain.

· Reduced waste

Reverse logistics can help you identify ways to reuse, resell or recycle materials that would otherwise end up in a landfill. Recycling of products enables companies to implement minimal wastage of resources and also focus on sustainability. With customer’s environmental awareness increasing, the willingness to pay more for eco-friendly products is on the rise. This not only helps profit margins but also helps to improve your brand’s reputation for social and environmental responsibility.

In Conclusion

Logistics services in India can ensure that the return process is quick and painless for your customers. By optimizing reverse logistics, businesses can provide liberal return policies to customers, earning their trust, repeat business, and brand loyalty.

Source:- https://www.reddit.com/user/safexpress1/comments/ortgyp/benefits_of_using_reverse_logistics_services_in/

Growing Demand Of Pharma Logistics Company In India

India is the largest provider of generic drugs and ranks third in terms of pharmaceutical production by volume. The domestic pharmaceutical industry includes a network of drug companies and manufacturing units. With India’s domestic pharmaceutical market estimated at US$ 42 billion in 2021 and likely to reach US$ 65 billion by 2024,  pharma logistics play an important role in ensuring safe and timely supply chain management. 

Pharma logistics company in India needs to provide traceable, secure, and compliant supply chains with end to end visibility to the pharma industry. The growth of the market for pharma logistics is also attributed to the increasing demand for Over-The-Counter (OTC) medicines such as vitamins, minerals, supplements, drugs, and other medicinal products.  

Outsourcing has been a popular way for pharma companies to enhance their operational efficiencies, expand their geographical presence, and increase diagnostic expertise and on-demand services. Pharma logistics management plays a very important role to ensure medical supplies are always adequate and wastage can be avoided. 

The pharmaceutical manufacturing companies are increasingly outsourcing logistics management to healthcare logistics company due to which pharma companies can utilize state-of-the-art technologies such as telematics and remote monitoring to provide safety and convenience during transportation operations.

Pharmaceuticals are invaluable, often expensive, and sometimes lifesaving products, so the pharma logistics services are tremendously important. These products need to get to their destination, and they need to get there quickly and safely.

Safexpress, a leading tech-based logistics service provider with its multimodal network across India are well equipped for the unique requirements of the pharmaceutical industry. A wide range of services that include storage, reverse logistics, advanced tracking, and tracing technologies ensure complete supply chain visibility and reporting. 

With advanced planning, innovative strategies, and a professional team, Safexpress pharma logistics solutions are designed to adhere to standard quality norms and regulations to facilitate the smooth and efficient shipping of cargo.

Few benefits of outsourcing to a pharma logistics company in India are:

 · Transparency and visibility

The supply chain in healthcare is complex and time-sensitive as it involves proper measures to be maintained along the entire supply chain process.  As multiple stakeholders are involved in the supply chain, the visibility and traceability of the cargo becomes difficult to maintain leading to loss and damage of cargo. With the help of the latest technologies communication and transparency along the entire supply chain ensures proper control over the movement of products. 

It also helps to prevent the distribution of counterfeit pharmaceuticals in the market. Logistics monitoring at every stage of the supply chain provides visibility and services can be tailored to meet the complex needs of the healthcare market.

 · Warehouse management

With the pharmaceutical market growing, the need for proper warehouse management is very essential to avoid counterfeiting, maintain proper stock management and avoid wastage of products. The pharmaceutical industry relies heavily on logistics services for this task.

 · Adhering quickly to new legislation and regulations

With regulations constantly changing and different in other countries, it can be very difficult for any company to keep track of the same. Healthcare logistics company  would be able to guide pharma companies regarding the safety and packaging requirements to follow to maintain the environmental and policy regulations set by the governments.

 In Conclusion

The technology that can be used to track pharma shipments is ever-changing and pharma logistics company in India can help pharma companies to monitor shipments, recognize if a problem is taking place, and be able to intercede quickly to thwart potential threats. 

Source - https://www.reddit.com/user/safexpress1/comments/onv7jf/growing_demand_of_pharma_logistics_company_in/

Growth Of Ecommence Logistics Company In India

 Ecommerce logistics, or e-logistics, represents the logistics of internet sales. Ecommerce logistics include many aspects like product handling, packaging, billing, labeling, inventory management, warehousing, transportation, payment, product return and exchange, and many more things. An ecommerce logistics company deals with the management of all the different aspects involved in ecommerce logistics.  With Indian ecommerce logistics to be worth ₹492 bn by 2025 with 23% CAGR, managing logistics is the greatest challenge for any ecommerce company especially in a country like India with a vast territory. 

 The Indian ecommerce market is expected to grow to US$ 200 billion by 2026 from US$ 38.5 billion as of 2017. Much of the growth for the industry has been triggered by an increase in internet and smartphone penetration. But few other factors which are promoting ecommerce in India are:

 

· Convenience

· Ease of transactions

· Anytime, anywhere shopping

· Personalized Customization

· Advancements in Technology

 

Indian ecommerce logistics has seen exponential growth due to the growing ecommerce industry, investment in infrastructure, last-mile connectivity, and emerging technologies that are streamlining the logistics landscape in India.

 

One of the top logistics companies in India, Safexpress, is a market leader in supply chain and logistics. They offer solutions ranging from warehousing to timely distribution of goods across PAN-India.  Safexpress B2C specializes in ecommerce logistics and supply chain management. Safexpress offers tech-enabled, real-time data capturing solutions to facilitate time-sensitive, hassle-free, safe warehousing and inter-modal express distribution through its enviable surface and SafeAir infrastructure across India.  Safexpress ensures all ecommerce logistics solutions are aligned with clients’ specific business requirements.

 

Reasons for increasing demand for Ecommerce Logistics

 

Change in customer shopping patterns, increasing requirement of fast delivery services, and usage of technology to improve the customer experience have played a major role in the growth of ecommerce logistics.

 

· Rise in demand from Tier II and below cities

 

Ecommerce market penetration is mostly revolving around metro and tier I cities, but a change in shopping patterns of tier II and below cities is seen due to internet availability and mobile technology. With cheap data plans, increased usage of smartphones people are increasingly attracted to purchasing online. Increasing demand for products from these areas would require demand centers being set up to cater to this section thereby adding to the growth of ecommerce logistics.

 

· Technological Advancements

The adoption of new technological innovations has been extremely rapid in India to meet higher consumer expectations. To keep pace with digital commerce, technology has helped to revolutionize the ecommerce supply chain industry. Technologies such as IoT, advanced algorithms, data analytics, artificial intelligence (AI), and automation are emerging to streamline the ecommerce logistic operations of the companies.

 

· Government Regulations

 

Supportive government initiatives to boost infrastructure development and implantation of GST have improved the delivery of ecommerce goods across the country. With the government of India’s push towards digital initiatives to accelerate outreach and adoption of digital wallets, ecommerce sales will increase.

 

· Expansion of Supply Chain Network

Increasing accessibility to technology has ecommerce logistic companies focusing on establishing new fulfillment centers near the end consumers to increase delivery speed and cater to larger parcel sizes. With Tier II and beyond cities driving the growth, several logistics company in India is looking at expanding their network.

 

In Conclusion

 

The ecommerce industry in India is flourishing due to internet penetration and mobile technology. Logistics company in India is evolving rapidly with the changing business requirements to cater to this enormous industry. 

Cold Chain Logistics Provider in India

A report on Logistics of Artificial Insemination of Cows published late last year (Indian Express Nov. 25; Parthasarathi Biswas) was as revealing as it was timely. As multiple vaccines against Covid-19 was getting ready to hit the markets, policymakers and public health professionals were confronted with a palpable concern over a countrywide pharmaceutical-appropriate cold chain infrastructure that could help maintain the integrity of these vaccines.

The report pointed out to an elaborate logistics network of collecting raw ejaculate from elite bulls from 56 bull stations and inseminate female bovines belonging to farmers across the length and breadth of the country. Astonishingly, semen is packaged after freezing in vials and preserved throughout its journey in -196◦C and helps achieve in artificially inseminating more than 8 Crores bovines annually. This is way lower than -20◦ to -70◦C that Moderna & Pfizer Covid vaccines needed!

Cold chain refers to a combination of warehousing and distribution channels through the refrigerating solutions planned to maintain the quality and shelf life of the perishable food, fruits & vegetables, photographic film, and pharmaceutical & healthcare drugs. It reduces wastage, minimizes loss, and retains drugs’ efficacy despite the arduous supply chain – from farm to fork in case of food and from production centres to the patients, in case of pharma and healthcare products. The need for a cold chain logistics and distribution network cannot be overemphasized.

A major chunk of essential drugs in the healthcare & pharmaceutical segment are complex formulations and biological-based medicines meant for vaccination, hormonal therapy & other complex and sensitive procedures which require temperature-controlled environment to retain drugs’ integrity. Since 2011, there has been a 45% increase in the overall number of pharmaceutical & healthcare products requiring cold chain logistics. 

According to a recent report, in 2018, global sales of biotechnology medicines and biological products were estimated at more than $300billion. In and after the pandemic, this number is expected to see a whopping rise. In India, growth in pharmaceutical cold chain logistics in 2020-21 is conservatively estimated to be at 12%, and is expected to register a CAGR upward of 15% by some experts.

Cold Chain logistics & express distribution in India, however, suffers from neglect. Almost the entire cold chain logistics is dedicated to the perishable foods, fruits, vegetables, pulp and other beverages with the share of healthcare and pharmaceutical products is a mere 3%. Anecdotally, it is expected to touch 6%. With 45% of essential drugs globally sourced during the preceding decade being temperature-sensitive, the figures around do reflect the current predicament of cold chain logistics in India. There has been a lack of investment. Almost 2/3^rd of cold chain is privately-owned and managed with policy initiatives limited mostly to food and beverages.

Additionally, it also suffers from lack of integration of pharma drug production centres with warehousing and distribution channels. The logistics players, the most important but invisible performer in the chain, often suffers from a lack of know how and wherewithal. Cold chain is highly capital-intensive and a highly fragmented, informal logistics companies in India are ill-prepared to bite the bullet. Resultantly, the cost of such drug is comparatively higher in India and as we have seen during the 2^nd phase of the pandemic, when demand for them arose, supply became scarce.

The Government of India, during the last few years has announced some initiatives including “infrastructure status” for Logistics & Transport industry (in 2017), followed by the announcement of National Logistics Policy while presenting the Union Budget, 2018-19. Cheap lending on easier terms with enhanced limits including eligibility to access India Infrastructure Credit Financing Company Limited (IIFCL), are some of the enabling measures seeking higher formalization. These are, however, very early days to measure policy impact.

India over the last few decades has built and has successfully run an ambitious model of artificial insemination logistics. It would need a purposeful plan of action to replicate this model in cold chain logistics of pharmaceutical and healthcare products.