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i-maritime News Service

Shipment efficiency plan can lead to big savings in operational costs - 2012-06-18

A shipment efficiency analysis (SEA) is to be carried out in India to assess shelf-to-shelf trade (from production to destination) practices. This was announced jointly by representatives of the Confederation of Indian Industry and the Global Coalition for Efficient Logistics. Both have announced their plans to jointly deploy an India-Indonesia Benchmark Trade Lane. This is part of Global Coalition's HumaWealth programme to empower India's digital economy.

The programme will reduce India's annual trade costs by $9.1 billion and business operating costs by up to 15 per cent at no cost to end users, said the Global Coalition's Co-Chairman, Capt Samuel Salloum. Global Coalition is a Swiss-based non-profit public/private partnership global trading platform. The India SEA will include a direct physical assessment of public and private sector companies involved in the supply chain from shelf-to-shelf. This includes large, medium and small enterprises across five economic zones (north, east, south, west and central) throughout the country.

Six key trade efficiency areas (integration, processes, e-documentation, tracking and visibility, competence and cargo security) will be assessed, he told newspersons on the sidelines of the Logistics Summit 2012, organised by the CII Institute of Logistics.

Source : Hindu Business Line