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Technology

Accio Robotics and SCM Champs partners to transform warehouse automation

Accio Robotics, a leader in warehouse fulfilment solutions, has partnered with US-based SCM Champs, specialists in SAP and supply chain consulting, to transform warehouse management through advanced robotics and seamless SAP integration. This strategic collaboration aims to optimise efficiency and productivity in warehouse operations globally. The partnership centres around Accio's AccioOS operating system, designed to integrate with mobile robots (AMRs), Automated Guided Vehicles (AGVs), and SAP warehouse management systems. By enabling real-time communication between these systems, the collaboration enhances order fulfilment, robot deployment, and picking efficiency, offering businesses an automated and streamlined warehouse solution. Pranav Srinivasan, Co-founder of Accio Robotics, expressed confidence in the partnership, saying, “The integration of AccioOS with SAP warehouse systems positions us as a global leader in warehouse automation.” SCM Champs' CEO, Prabhjot Singh, added, "Our expertise in SAP supply chain execution, coupled with Accio's robotics solutions, provides an unmatched level of automation and efficiency for clients." This partnership underscores the shared vision of Accio Robotics and SCM Champs to push the boundaries of warehouse automation and reshape supply chain management on a global scale.

Admin September 17, 2024 0
BCI launches advanced RFID reader 'Dristi' to enhance supply chain efficiency

Bar Code India (BCI) recently announced the launch of ‘Dristi,’ an innovative IoT-based RFID reader set to revolutionise the supply chain industry. Designed with best-in-class performance and advanced RFID capabilities, Dristi is engineered for diverse applications across manufacturing, distribution, transportation, and retail sectors. Equipped with a powerful processor, expansive memory capacity, and options for 4G-LTE/Wi-Fi, Dristi’s state-of-the-art design boasts a superior IP rating, making it suitable for the most demanding environments. Its standout feature, the inbuilt ‘read-to-cloud’ capability, allows organisations to access real-time data, enhancing precision and efficiency in supply chain management. The robust diecast aluminium housing with weatherproof sealing ensures Dristi’s durability and high uptime, even in challenging indoor and outdoor environments, including extreme heat, subzero temperatures, and dusty or damp conditions. Ajay Bhutani, Co-founder and CEO of BCI, expressed his enthusiasm, stating, “As its name suggests, Dristi represents a leap forward in asset tracking, process control, industrial automation, and inventory management, offering businesses unparalleled efficiency and accuracy. This ‘Made in India’ innovation provides real-time visibility, faster read rates, and precise data capture, setting new standards for excellence in supply chain management.” Vikas Wadhwa, Chief Operating Officer at BCI, added, “Dristi is a personal and professional dream come true, a product of years of dedicated effort. BCI has consistently led the way in delivering innovative solutions that empower businesses with complete asset visibility and intelligence in their supply chain operations. In an era where efficiency, accuracy, and real-time insights are paramount, Dristi is poised to change the game.”

Admin August 30, 2024 0
TechEagle partners with ideaForge to revolutionise drone logistics

TechEagle, India’s leading drone delivery startup, has announced a strategic alliance with ideaForge Technology, a global leader in unmanned aerial vehicle (UAV) technology. This partnership aims to merge their respective strengths to advance UAV technology and drive innovation within the drone industry. ideaForge has also joined TechEagle’s recent bridge financing round as a strategic investor. The collaboration will focus on developing small, tactical, and middle-mile logistics platforms designed for dual use. These platforms will feature advanced payload capacities, high-altitude operations, and next-level autonomy, setting new benchmarks in drone logistics. Vikram Singh Meena, Founder & CEO of TechEagle, stated, “This partnership showcases the power of synergistic innovation. By combining TechEagle’s drone technology advancements with ideaForge’s UAV expertise and manufacturing capabilities, we are poised to redefine the UAV landscape. ideaForge's investment highlights their confidence in our vision. Together, we aim to enhance safety, performance, and reliability, ushering in a new era of global aerial logistics.” Ankit Mehta, CEO of ideaForge, remarked, “Our alliance with TechEagle represents a significant step forward in our commitment to UAV technology. TechEagle’s drones surpass global benchmarks, and this collaboration will deepen our UAV innovation efforts. By leveraging each other’s strengths, we strive to secure a leading position on the global stage.” TechEagle has already delivered hundreds of SKUs, including parcels, groceries, medicines, and diagnostic samples, across 30+ cities, covering over 500,000 aerial kilometers and saving more than 2,500 metric tonnes in carbon emissions. Meanwhile, ideaForge ranks fifth globally in dual-use drone manufacturing, with over 500,000 completed flights using their UAVs.

Admin July 31, 2024 0
Skye Air secures $4 million in funding to expand drone logistics

Skye Air, a leading drone logistics solution provider, has raised $4 million (approximately Rs 34 crore) in Series A funding. This round was backed by Mount Judi Ventures, Chiratae Ventures, Venture Catalyst, Windrose Capital, and Tremis Capital, alongside Faad Capital, Misfits Capital, Hyderabad Angels, Soonicorn Ventures, and other investors. The funds will be used to expand Skye Air's operations across Gurugram and other cities, focusing on healthcare and quick-commerce deliveries. "The fresh capital will help the company expand its last-mile network across Gurugram and other cities for healthcare, e-commerce, and quick-commerce deliveries," said Ankit Kumar, Founder and CEO of Skye Air. He highlighted the potential growth of the Indian drone sector under the Modi 3.0 government, envisioning India as a global drone hub by 2030. Maple Capital Advisors acted as exclusive financial advisors, while LexStart Partners provided legal counsel for the transaction. Skye Air, headquartered in Delhi-NCR, offers SaaS-based autonomous logistics solutions, integrating drone deliveries into mainstream logistics for healthcare, e-commerce, quick-commerce, and agri-commodities. The company also developed Skye UTM, an advanced Unmanned Traffic Management system ensuring safe and efficient drone operations. With this new funding, Skye Air aims to revolutionise logistics in India and set a global benchmark for drone delivery solutions.

Admin June 19, 2024 0
BCI launches advanced RFID reader 'Dristi' to enhance supply chain efficiency

Bar Code India (BCI) recently announced the launch of ‘Dristi,’ an innovative IoT-based RFID reader set to revolutionise the supply chain industry. Designed with best-in-class performance and advanced RFID capabilities, Dristi is engineered for diverse applications across manufacturing, distribution, transportation, and retail sectors. Equipped with a powerful processor, expansive memory capacity, and options for 4G-LTE/Wi-Fi, Dristi’s state-of-the-art design boasts a superior IP rating, making it suitable for the most demanding environments. Its standout feature, the inbuilt ‘read-to-cloud’ capability, allows organisations to access real-time data, enhancing precision and efficiency in supply chain management. The robust diecast aluminium housing with weatherproof sealing ensures Dristi’s durability and high uptime, even in challenging indoor and outdoor environments, including extreme heat, subzero temperatures, and dusty or damp conditions. Ajay Bhutani, Co-founder and CEO of BCI, expressed his enthusiasm, stating, “As its name suggests, Dristi represents a leap forward in asset tracking, process control, industrial automation, and inventory management, offering businesses unparalleled efficiency and accuracy. This ‘Made in India’ innovation provides real-time visibility, faster read rates, and precise data capture, setting new standards for excellence in supply chain management.” Vikas Wadhwa, Chief Operating Officer at BCI, added, “Dristi is a personal and professional dream come true, a product of years of dedicated effort. BCI has consistently led the way in delivering innovative solutions that empower businesses with complete asset visibility and intelligence in their supply chain operations. In an era where efficiency, accuracy, and real-time insights are paramount, Dristi is poised to change the game.”

Admin August 30, 2024 0
TechEagle partners with ideaForge to revolutionise drone logistics

TechEagle, India’s leading drone delivery startup, has announced a strategic alliance with ideaForge Technology, a global leader in unmanned aerial vehicle (UAV) technology. This partnership aims to merge their respective strengths to advance UAV technology and drive innovation within the drone industry. ideaForge has also joined TechEagle’s recent bridge financing round as a strategic investor. The collaboration will focus on developing small, tactical, and middle-mile logistics platforms designed for dual use. These platforms will feature advanced payload capacities, high-altitude operations, and next-level autonomy, setting new benchmarks in drone logistics. Vikram Singh Meena, Founder & CEO of TechEagle, stated, “This partnership showcases the power of synergistic innovation. By combining TechEagle’s drone technology advancements with ideaForge’s UAV expertise and manufacturing capabilities, we are poised to redefine the UAV landscape. ideaForge's investment highlights their confidence in our vision. Together, we aim to enhance safety, performance, and reliability, ushering in a new era of global aerial logistics.” Ankit Mehta, CEO of ideaForge, remarked, “Our alliance with TechEagle represents a significant step forward in our commitment to UAV technology. TechEagle’s drones surpass global benchmarks, and this collaboration will deepen our UAV innovation efforts. By leveraging each other’s strengths, we strive to secure a leading position on the global stage.” TechEagle has already delivered hundreds of SKUs, including parcels, groceries, medicines, and diagnostic samples, across 30+ cities, covering over 500,000 aerial kilometers and saving more than 2,500 metric tonnes in carbon emissions. Meanwhile, ideaForge ranks fifth globally in dual-use drone manufacturing, with over 500,000 completed flights using their UAVs.

Admin July 31, 2024 0
Skye Air secures $4 million in funding to expand drone logistics

Skye Air, a leading drone logistics solution provider, has raised $4 million (approximately Rs 34 crore) in Series A funding. This round was backed by Mount Judi Ventures, Chiratae Ventures, Venture Catalyst, Windrose Capital, and Tremis Capital, alongside Faad Capital, Misfits Capital, Hyderabad Angels, Soonicorn Ventures, and other investors. The funds will be used to expand Skye Air's operations across Gurugram and other cities, focusing on healthcare and quick-commerce deliveries. "The fresh capital will help the company expand its last-mile network across Gurugram and other cities for healthcare, e-commerce, and quick-commerce deliveries," said Ankit Kumar, Founder and CEO of Skye Air. He highlighted the potential growth of the Indian drone sector under the Modi 3.0 government, envisioning India as a global drone hub by 2030. Maple Capital Advisors acted as exclusive financial advisors, while LexStart Partners provided legal counsel for the transaction. Skye Air, headquartered in Delhi-NCR, offers SaaS-based autonomous logistics solutions, integrating drone deliveries into mainstream logistics for healthcare, e-commerce, quick-commerce, and agri-commodities. The company also developed Skye UTM, an advanced Unmanned Traffic Management system ensuring safe and efficient drone operations. With this new funding, Skye Air aims to revolutionise logistics in India and set a global benchmark for drone delivery solutions.

Admin June 19, 2024 0
Ecom Express celebrates 10th anniversary; launches new product 'Ecom Magnum'

Ecom Express has turned ten years old! And as part of the ongoing celebrations, the country's leading technology-enabled full-stack logistics service provider has launched its OMS and WMS suite "Ecom Magnum". The new SaaS offering will further establish Ecom Express' position as one-partner logistics solution provider to the e-commerce industry. Ecom Magnum is suitable for online sellers seeking order and warehouse management solutions to integrate with e-marketplaces. The scalable, cloud-based WMS system is designed to plug-and-play with integration channels, tracking orders and handling large SKUs and tech-led inbound and outbound processes, resulting in high accuracy and cost efficiencies for sellers. The feature-rich WMS platform complements and integrates into warehousing and shipping stacks of Ecom Express or can be utilised as a stand-alone solution. Online businesses that utilise the platform can access Ecom Express’ robust network of 60+ fulfilment centres located in proximity to urban areas and beyond, as well as shipping services across 27000+ PIN codes in India. K Satyanarayana, Co-founder and Director, Ecom Express said, “As an industry leader, we are constantly working to bring more value to small and medium sellers in a cost-effective manner, and are proud to bring state-of-the-art WMS and OMS system built on usage experience and learnings from 100K+ sellers who engage with us. With this new platform, we are trying to remove the pain points for small sellers in the standard OMS and WMS available in the market by offering a feature-rich ecosystem. In order to fulfil the orders seamlessly, we provide sellers with a one-stop order-to-deliver set-up resulting in scale, efficiency, and control over both their inventory and customer experience.” Ecom Express has been actively catalysing towards simplifying the SMB e-commerce companies’ journey. The company recently launched ExpressPlus as air dominant multi-modal logistics solution for faster transit time users in D2C and SMB space. Last year, the company announced that it is in an advanced stage of integration with the Open Network for Digital Commerce (ONDC) and had launched its easy sign up portal E-zippie, making seller's journey easy and convenient, with just a 30-minutes onboarding process.

Admin February 9, 2023 0
Rezo.ai is equipping logistics companies with AI-powered contact centers for enhanced customer service

Rezo.ai, one of the fastest evolving AI-powered startups, is enabling some of India’s largest logistics companies to create a smart workforce and reduce operational costs by 20-30% this festive season. For these companies, Rezo.ai has efficiently brought down customer query resolution time by 4X - resulting in repeat customer orders and retention along with significantly increasing agent efficiency. This ground-breaking solution assists businesses in identifying the causes of slow sales as well as elements that would help them accelerate sales by assisting them ineffective customer interactions. Investments in digital technologies such as AI for customer-facing business functions are on the rise in the logistics sector. Rezo.ai has been seeing immense traction and interest from domestic as well as global logistics companies. Rezo.ai enhances the customer experience (CX) with in-built Robotic Process Automation (RPA) and also analyzes customer–agent interactions whilst training the agents accordingly. Companies in Logistics and several other industries rely on contact centers for handling customer service requests, queries, and escalations. By partnering with Rezo.ai, clients could see drastic improvements in customer satisfaction. The solution can assist agents and can also run in a fully automated manner. The agents can handle 2.5x the volume and with an automated system, exponential volumes can be handled with ease.  Speaking about the feat, Dr. Rashi Gupta, Chief Data Scientist & Co-founder, Rezo.ai said, “Rezo.ai adds a strategic value to the business when it comes to engaging with customers and creating a distinct experience for them. We leverage proprietary algorithms built using next-generation technology – AI, NLP, NLU to train models from unstructured voice and text data. These models once trained for an enterprise get deployed as virtual agents with the ability to talk and revert to customer queries just like the enterprise’s “best agent”. These models are designed to scale without a ramp-up period, provide a fast and consistent response to customer queries and save significantly on operational costs.”

Admin September 14, 2021 0
Ascendas India Trust to invest Rs 1,200 cr in initial phase of its first data centre in India

Singapore-based Ascendas India Trust, which develops IT and logistics parks in India, on Monday said it will invest an estimated Rs 1,200 crore to develop the first phase of its first data centre project in the country. The project is located at Airoli, a growing data centre hub in Navi Mumbai, according to a statement posted on the company’s website. Ascendas Property Fund Trustee Pte Ltd, the trustee-manager of Ascendas India Trust (a-iTrust), said that “it will invest an estimated Rs 12 billion (Singapore dollar 216.6 million) to develop and operate phase one of its first data centre campus on a prime site in India”. The 6.6-acre greenfield site will be developed in phases into a fully-fitted data centre campus with a total potential built-up area of up to 5,75,000 square feet and 90 megawatts (MW) of power. The company will target customers such as global technology giants and cloud service providers, as well as large domestic enterprise clients.

Admin July 5, 2021 0
100 Geek+ AMRs to run Asia's largest fulfilment centre for grocery deliveries operated by Circle K

Geek+ has announced the successful deployment and of 100 autonomous mobile robots (AMRs) in the distribution centre of Circle K Hong Kong. The deployment represents the commitment of the global AMR leader and Circle K Hong Kong to build supply chain resilience using technology and supporting customers with a wide selection of products and excellent services. The of 140,000 sq ft distribution center handles the deliveries of more than 300 Circle K convenience stores in Hong Kong, serving over 600,000 customers daily. With large volumes bound for different destinations and a wide selection of products ranging from small everyday items to food and cold goods, Circle K Hong Kong wanted to automate its warehouse and streamline large-scale logistics processes. In January 2021, the company decided to transform its operations with deployment of 100 Geek+ AMRs and ensure the effective daily handling of over 10,00,000 products. With ever-changing markets and difficulties predicting future demand, flexibility through digitalisation and real-time visibility is the key to building an agile supply chain. Moving forward, Geek+ and Circle K Hong Kong will work closely to secure the smooth operations of the largest automated warehouse within Asia’s grocery industry and ensure the timely and accurate allocation of millions of quality products to Circle K’s wide network of convenience stores. Bruce Ma, Senior Supply Chain Manager of Circle K Hong Kong says, “With substantial challenges facing our team, we aim to improve customers’ and employees’ experiences by reinventing our supply chain using automation technologies.” Lit Fung, VP, and Managing Director of Geek+ APAC, UK and Americas said, “We are excited to see our system support Circle K with the accuracy, efficiency, and flexibility needed to serve its wide network of convenience stores. Our AI-driven robotics system enables digitalisation for streamlining warehouse operations, which helps our customers improve competitiveness in an ever-changing environment.” Driven by intelligent software and QR-code technology, the network of Geek+ robots flexibly move racks of ordered goods from a designated area for inventory to employees positioned at workstations, where they finalise the picking process guided by the user-friendly interface. It improves the overall picking accuracy and efficiency. The flexibility of movable robot-compatible racking, combined with the ability to choose the optimal route and organise inventory densely according to real-time demand, improves space utilisation and offers more flexible supply chain operations. Additionally, Geek+ AMRs can operate 24x7 to better support periods of high throughput demand.

Admin June 9, 2021 0
First smart e-commerce fulfilment centre by U-Freight now operational

Hong Kong-based U-Freight Logistics (UFL) has completed work to turn one of the five freight hubs operated by them in into a smart warehouse. The company’s 21,000 sq ft e-commerce fulfilment centre (EFC) in Kwai Chung has been equipped with an automatic guided vehicle (AGV) and Intelligent Racking system, and associated operating software, to improve the efficiency of operations and reduce costs. For inbound consignments, the system, which was supplied by award-winning RV Automation Technology Company Limited will analyse the weight and dimensions of each Stock-Keeping Unit (SKU) in order to bring the most suitable storage rack to the EFC operations staff, enhancing the utilisation of storage capacity and shortening processing time. Furthermore, this shortens the time period to the outbound order processing stage, which means consumers get their goods sooner. When there are no operations staff at the EFC, the non-sleeping AGVs still execute instructions and pre-arrange the required goods to be ready for pick/pack when the operations staff return to work.  “The deployment of autonomous mobile robots in warehouses around the globe is transforming the future of the e-commerce sector and its ability to meet rising business and consumer demand,” says Simon Wong, Chief Executive Officer of the international freight forwarding and logistics group. “The latest development is part of U-Freight’s ongoing investment to meet the ever-increasing challenges of providing logistics services to this rapidly expanding sector of global trade. In our EFCs, picking operations account for an increasing proportion of costs, accounting for more than 50% of warehouse operation costs.” “Traditional warehouses mostly adopt the “person-to-goods” selection mode, which can mean high labour cost and low selection efficiency. By implementing an automatic guided vehicle (AGV) and Intelligent Racking System, we will be adopting the ‘goods-to-person’ picking mode, and believe this will improve production efficiency,” Wong says. “It should also enhance workplace safety and improve ergonomic conditions for operations staff in our EFCs.”

Admin May 27, 2021 0
Geek+ and Universal Logic explores new depths of flexible automation to elevate industry 4.0

Geek+ and Universal Logic has announced a joint commitment to support the manufacturing and logistics industry with a paradigm-shifting goods-to-robot solution, for automating supply chain operations and elevating industry 4.0. Geek+ is a global leader in autonomous mobile robots (AMRs) and warehouse automation, and Universal Logic are known to be the pioneers of an AI/sensor/machine-control software ‘brain’ for robots. With large parts of the supply chain dependent on fixed automation and manual materials handling, the rise in demand for customisation and made-to-stock capabilities have resulted in strained processes. In turn, it has generated a need for technologies that can automate the flexibility and precision of skilled labour and combine it with the throughput capacity of dynamic inventory control. The partnership will give Universal Logic access to Geek+’s wide range of robotics hardware for intelligent sorting and picking. Built on autonomous mobile robot technology and AI-driven software, Geek+ will provide Universal Logic with the flexibility to automate the entire chain from dynamic inventory control to pick & pack, expanding from goods-to-man to goods-to-robot solutions. Correspondingly, Geek+ will have access to Neocortex, Universal Logic’s AI platform featuring real-time and modular robot control for extended perception, direct grasping, and advanced robot guidance, enabling human-like flexible picking capabilities, to unleash the true potential of intelligent robotics for logistics. Randy Randolph, Senior Sales Manager of Geek+ US said, “We are very glad to partner with Universal Logic and look forward to leveraging their extensive experience in automating dynamic robot behaviour to realise the full potential of our intelligent mobile robotics solutions. By combining our advanced robotics hardware with Universal Logic’s unparalleled experience, we believe that this collaboration has the potential to transform the global supply chain and shape the future.” Universal Logic CEO, David Peters stated, “The Geek+ mobile robot platform dovetails perfectly with Universal’s dynamic robot control for picking and packing, providing our customers seamless automation capabilities, creating an end-to-end solution to meet current and future supply chain needs.” Today, Geek+ and Universal Logic respectively serve a broad customer range including Fortune 500 Companies and regional businesses. The collaboration will enable them to strengthen their industry leadership and provide clients with flexible, adaptable, and efficient operations that can meet challenges associated with high mix/high volume applications in manufacturing, wholesale, and retail. By combining the efficiency and speed of robots with human-like precision and flexibility, it will allow businesses to realize stable and reliable supply chain operations and meet the challenges of tomorrow.

Admin January 10, 2021 0
To Master a New Technology, You Have to Play With It

Science is an enterprise that should be cherished as an activity of the free human mind. Because it transforms who we are, how we live, and it gives us an understanding of our place in the universe. Ever since the Industrial Revolution, investments in science and technology have proved to be reliable engines of economic growth. If homegrown interest in those fields is not regenerated soon, the comfortable lifestyle to which Americans have become accustomed will draw to a rapid close. The only service a friend can really render is to keep up your courage by holding up to you a mirror in which you can see a noble image of yourself. George Bernard Shaw Where there's water on Earth, you find life as we know it. So if you find water somewhere else, it becomes a remarkable draw to look closer to see if life of any kind is there, even if it's bacterial, which would be extraordinary for the field of biology.We don't want tradition. We want to livein the present and the only history that is worth a tinker's dam is the history we make today. Keep Your Face to the Sunshine and You Cannot See a Shadow I think the greatest of people in society carved niches that represented the unique expression of their combinations of talents, and if everyone had the luxury of expressing the unique combinations of talents in this world, our society would be transformed overnight. Big ideas, big ambitious projects need to be embedded within culture at a level deeper than the political winds. It needs to be deeper than the economic fluctuations that could turn people against an expensive project because they're on an unemployment line and can't feed their families. However difficult life may seem, there is always something you can do and succeed at.Stephen Hawking Half of my library are old books because I like seeing how people thought about their world at their time. So that I don't get bigheaded about something we just discovered and I can be humble about where we might go next. Because you can see who got stuff right and most of the people who got stuff wrong. If we find life out there, and it's not us, we will deem it not intelligent. But what may be equally as likely is that we find life that's vastly more intelligent than we are. If that's the case, we are putty in their hands. With regard to robots, in the early days of robots people said, 'Oh, let's build a robot' and what's the first thought? You make a robot look like a human and do human things. That's so 1950s. We are so past that. The one thing that can solve most of our problems is dancing. The caricature of science is that we hold tight to the theories we have, and shun challenges to them. That's just not true. In fact, we hold our highest rewards for those scientists who can prove others wrong. And by the way, they are famous in their own lifetimes. We don't wait until they're dead. People May Hear Your Words, but They Feel Your Attitude Every account of a higher power that I've seen described, of all religions that I've seen, include many statements with regard to the benevolence of that power. When I look at the universe and all the ways the universe wants to kill us, I find it hard to reconcile that with statements of beneficence. We aren't addicted to oil, but our cars are. I have a personal philosophy in life: If somebody else can do something that I'm doing, they should do it. And what I want to do is find things that would represent a unique contribution to the world - the contribution that only I, and my portfolio of talents, can make happen. Those are my priorities in life. We didn't build the interstate system to connect New York to Los Angeles because the West Coast was a priority. No, we webbed the highways so people can go to multiple places and invent ways of doing things not thought of by the persons building the roads. When you innovate, you create new industries that then boost your economy. And when you create new industries and that becomes part of your culture, your jobs can't go overseas because no one else has figured out how to do it yet. The history of exploration across nations and across time is not one where nations said, 'Let's explore because it's fun.' It was, 'Let's explore so that we can claim lands for our country, so that we can open up new trade routes; let's explore so we can become more powerful.'

Admin April 22, 2022 0
Technology is a Useful Servant but a Dangerous Master

Science is an enterprise that should be cherished as an activity of the free human mind. Because it transforms who we are, how we live, and it gives us an understanding of our place in the universe. Ever since the Industrial Revolution, investments in science and technology have proved to be reliable engines of economic growth. If homegrown interest in those fields is not regenerated soon, the comfortable lifestyle to which Americans have become accustomed will draw to a rapid close. The only service a friend can really render is to keep up your courage by holding up to you a mirror in which you can see a noble image of yourself. George Bernard Shaw Where there's water on Earth, you find life as we know it. So if you find water somewhere else, it becomes a remarkable draw to look closer to see if life of any kind is there, even if it's bacterial, which would be extraordinary for the field of biology.We don't want tradition. We want to livein the present and the only history that is worth a tinker's dam is the history we make today. Keep Your Face to the Sunshine and You Cannot See a Shadow I think the greatest of people in society carved niches that represented the unique expression of their combinations of talents, and if everyone had the luxury of expressing the unique combinations of talents in this world, our society would be transformed overnight. Big ideas, big ambitious projects need to be embedded within culture at a level deeper than the political winds. It needs to be deeper than the economic fluctuations that could turn people against an expensive project because they're on an unemployment line and can't feed their families. However difficult life may seem, there is always something you can do and succeed at.Stephen Hawking Half of my library are old books because I like seeing how people thought about their world at their time. So that I don't get bigheaded about something we just discovered and I can be humble about where we might go next. Because you can see who got stuff right and most of the people who got stuff wrong. If we find life out there, and it's not us, we will deem it not intelligent. But what may be equally as likely is that we find life that's vastly more intelligent than we are. If that's the case, we are putty in their hands. With regard to robots, in the early days of robots people said, 'Oh, let's build a robot' and what's the first thought? You make a robot look like a human and do human things. That's so 1950s. We are so past that. The one thing that can solve most of our problems is dancing. The caricature of science is that we hold tight to the theories we have, and shun challenges to them. That's just not true. In fact, we hold our highest rewards for those scientists who can prove others wrong. And by the way, they are famous in their own lifetimes. We don't wait until they're dead. People May Hear Your Words, but They Feel Your Attitude Every account of a higher power that I've seen described, of all religions that I've seen, include many statements with regard to the benevolence of that power. When I look at the universe and all the ways the universe wants to kill us, I find it hard to reconcile that with statements of beneficence. We aren't addicted to oil, but our cars are. I have a personal philosophy in life: If somebody else can do something that I'm doing, they should do it. And what I want to do is find things that would represent a unique contribution to the world - the contribution that only I, and my portfolio of talents, can make happen. Those are my priorities in life. We didn't build the interstate system to connect New York to Los Angeles because the West Coast was a priority. No, we webbed the highways so people can go to multiple places and invent ways of doing things not thought of by the persons building the roads. When you innovate, you create new industries that then boost your economy. And when you create new industries and that becomes part of your culture, your jobs can't go overseas because no one else has figured out how to do it yet. The history of exploration across nations and across time is not one where nations said, 'Let's explore because it's fun.' It was, 'Let's explore so that we can claim lands for our country, so that we can open up new trade routes; let's explore so we can become more powerful.'

Admin June 10, 2022 0
Sharing is Good and Easy With Digital Technology

Science is an enterprise that should be cherished as an activity of the free human mind. Because it transforms who we are, how we live, and it gives us an understanding of our place in the universe. Ever since the Industrial Revolution, investments in science and technology have proved to be reliable engines of economic growth. If homegrown interest in those fields is not regenerated soon, the comfortable lifestyle to which Americans have become accustomed will draw to a rapid close. The only service a friend can really render is to keep up your courage by holding up to you a mirror in which you can see a noble image of yourself. George Bernard Shaw Where there's water on Earth, you find life as we know it. So if you find water somewhere else, it becomes a remarkable draw to look closer to see if life of any kind is there, even if it's bacterial, which would be extraordinary for the field of biology.We don't want tradition. We want to livein the present and the only history that is worth a tinker's dam is the history we make today. Keep Your Face to the Sunshine and You Cannot See a Shadow I think the greatest of people in society carved niches that represented the unique expression of their combinations of talents, and if everyone had the luxury of expressing the unique combinations of talents in this world, our society would be transformed overnight. Big ideas, big ambitious projects need to be embedded within culture at a level deeper than the political winds. It needs to be deeper than the economic fluctuations that could turn people against an expensive project because they're on an unemployment line and can't feed their families. However difficult life may seem, there is always something you can do and succeed at.Stephen Hawking Half of my library are old books because I like seeing how people thought about their world at their time. So that I don't get bigheaded about something we just discovered and I can be humble about where we might go next. Because you can see who got stuff right and most of the people who got stuff wrong. If we find life out there, and it's not us, we will deem it not intelligent. But what may be equally as likely is that we find life that's vastly more intelligent than we are. If that's the case, we are putty in their hands. With regard to robots, in the early days of robots people said, 'Oh, let's build a robot' and what's the first thought? You make a robot look like a human and do human things. That's so 1950s. We are so past that. The one thing that can solve most of our problems is dancing. The caricature of science is that we hold tight to the theories we have, and shun challenges to them. That's just not true. In fact, we hold our highest rewards for those scientists who can prove others wrong. And by the way, they are famous in their own lifetimes. We don't wait until they're dead. People May Hear Your Words, but They Feel Your Attitude Every account of a higher power that I've seen described, of all religions that I've seen, include many statements with regard to the benevolence of that power. When I look at the universe and all the ways the universe wants to kill us, I find it hard to reconcile that with statements of beneficence. We aren't addicted to oil, but our cars are. I have a personal philosophy in life: If somebody else can do something that I'm doing, they should do it. And what I want to do is find things that would represent a unique contribution to the world - the contribution that only I, and my portfolio of talents, can make happen. Those are my priorities in life. We didn't build the interstate system to connect New York to Los Angeles because the West Coast was a priority. No, we webbed the highways so people can go to multiple places and invent ways of doing things not thought of by the persons building the roads. When you innovate, you create new industries that then boost your economy. And when you create new industries and that becomes part of your culture, your jobs can't go overseas because no one else has figured out how to do it yet. The history of exploration across nations and across time is not one where nations said, 'Let's explore because it's fun.' It was, 'Let's explore so that we can claim lands for our country, so that we can open up new trade routes; let's explore so we can become more powerful.'

Admin July 13, 2022 0
Technology is Best When It Brings People Together

Science is an enterprise that should be cherished as an activity of the free human mind. Because it transforms who we are, how we live, and it gives us an understanding of our place in the universe. Ever since the Industrial Revolution, investments in science and technology have proved to be reliable engines of economic growth. If homegrown interest in those fields is not regenerated soon, the comfortable lifestyle to which Americans have become accustomed will draw to a rapid close. The only service a friend can really render is to keep up your courage by holding up to you a mirror in which you can see a noble image of yourself. George Bernard Shaw Where there's water on Earth, you find life as we know it. So if you find water somewhere else, it becomes a remarkable draw to look closer to see if life of any kind is there, even if it's bacterial, which would be extraordinary for the field of biology.We don't want tradition. We want to livein the present and the only history that is worth a tinker's dam is the history we make today. Keep Your Face to the Sunshine and You Cannot See a Shadow I think the greatest of people in society carved niches that represented the unique expression of their combinations of talents, and if everyone had the luxury of expressing the unique combinations of talents in this world, our society would be transformed overnight. Big ideas, big ambitious projects need to be embedded within culture at a level deeper than the political winds. It needs to be deeper than the economic fluctuations that could turn people against an expensive project because they're on an unemployment line and can't feed their families. However difficult life may seem, there is always something you can do and succeed at.Stephen Hawking Half of my library are old books because I like seeing how people thought about their world at their time. So that I don't get bigheaded about something we just discovered and I can be humble about where we might go next. Because you can see who got stuff right and most of the people who got stuff wrong. If we find life out there, and it's not us, we will deem it not intelligent. But what may be equally as likely is that we find life that's vastly more intelligent than we are. If that's the case, we are putty in their hands. With regard to robots, in the early days of robots people said, 'Oh, let's build a robot' and what's the first thought? You make a robot look like a human and do human things. That's so 1950s. We are so past that. The one thing that can solve most of our problems is dancing. The caricature of science is that we hold tight to the theories we have, and shun challenges to them. That's just not true. In fact, we hold our highest rewards for those scientists who can prove others wrong. And by the way, they are famous in their own lifetimes. We don't wait until they're dead. People May Hear Your Words, but They Feel Your Attitude Every account of a higher power that I've seen described, of all religions that I've seen, include many statements with regard to the benevolence of that power. When I look at the universe and all the ways the universe wants to kill us, I find it hard to reconcile that with statements of beneficence. We aren't addicted to oil, but our cars are. I have a personal philosophy in life: If somebody else can do something that I'm doing, they should do it. And what I want to do is find things that would represent a unique contribution to the world - the contribution that only I, and my portfolio of talents, can make happen. Those are my priorities in life. We didn't build the interstate system to connect New York to Los Angeles because the West Coast was a priority. No, we webbed the highways so people can go to multiple places and invent ways of doing things not thought of by the persons building the roads. When you innovate, you create new industries that then boost your economy. And when you create new industries and that becomes part of your culture, your jobs can't go overseas because no one else has figured out how to do it yet. The history of exploration across nations and across time is not one where nations said, 'Let's explore because it's fun.' It was, 'Let's explore so that we can claim lands for our country, so that we can open up new trade routes; let's explore so we can become more powerful.'

Admin July 11, 2022 0
Popular post
Changi Airport to prioritise pharmaceuticals and e-commerce amid cargo constraints

Singapore’s Changi Airport is sharpening its focus on pharmaceuticals and e-commerce shipments to navigate constrained cargo capacity until planned expansion in the 2030s. According to Lim Ching Kiat, Executive Vice President of Air Hub and Cargo Development at Changi Airport Group, current facilities face mounting pressure due to growing regional demand, necessitating strategic tenant and cargo type management. E-commerce continues to be a key growth driver for air cargo globally, fueled by major players like Shein, Temu, and TikTok Shop. At the same time, Singapore is solidifying its position as Southeast Asia’s preferred pharmaceutical hub, attracting investments from global biopharma giants such as Thermo Fisher, Sanofi, BioNTech, and MSD. Looking ahead, Changi Airport plans to launch a second logistics park by the 2030s, aiming to increase its annual cargo capacity from 3 million tons to 5.4 million tons. The new free trade zone will further expedite cargo handling and redistribution. In 2024, Changi Airport reported handling 1.99 million tons of airfreight, a 14.6% rise from 2023, driven by robust cross-border e-commerce demand, improved trade routes with China and the U.S., and recovering electronics exports. Top air cargo markets included China, Australia, the U.S., Hong Kong, and India.

A multifaceted approach focussed on continuous improvement and innovation

As we all know, supply chain management encompasses a multifaceted approach to streamline operations, optimise resources, and meet customer demands efficiently. Integrating the entire supply chain involves aligning and synchronising all components, processes, and stakeholders involved—from suppliers to end consumers. Most importantly, an integrated supply chain leverages technology and standardised processes to achieve seamless coordination, visibility, and data sharing across the entire value chain. As businesses navigate the complexities of today’s global marketplace, harnessing the power of an innovative supply chain through enabling technological advancements and process improvements is crucial for establishing resilient, responsive, and future-ready supply chain ecosystems. These aspects are brought together by three crucial elements: technology as the backbone of innovative supply chains, continuous improvement throughout the entire supply chain, and network structures driven by transparent communication and end-to-end visibility. Harish Singh, Head – Supply Chain, Burgerama talks about the amalgamation of these key elements that enable organisations like Burgerama to stay ahead in a rapidly evolving business landscape, fostering innovation and sustainable growth in the realm of supply chain management features. Excerpts by UPAMANYU BORAH from a recent interaction. Genesis and Operations Founded in 2018 by Kabir, Viraaj, and Vivek, Burgerama is a flavour-packed tale of the juiciest cheeseburgers in India. Starting strong in Sushant Lok in October 2018, not even a global pandemic could halt this culinary sensation. What sets Burgerama apart? It's the explosion of taste in every bite, achieved through meticulous ingredient selection and an unwavering commitment to authenticity. Beyond just a food joint, Burgerama is a narrative of enduring friendship and an unyielding quest to craft the perfect burger experience. Now operating 14 delivery outlets across Delhi NCR, Chandigarh, and Bangalore, Burgerama has come to be known for its passionate team, true-to-form flavours and genuinely delicious products, creating a truly unique burger experience for all. Adapting to Macro Challenges In recent times, our burger brand has experienced both positive and negative impacts from the macro environment. A shift towards healthier eating habits has inspired us to innovate our menu, offering diverse options with high-quality, nutritious ingredients, expanding our appeal. Embracing sustainability, we've adopted eco-friendly packaging and responsible sourcing, aligning with evolving consumer values. However, challenges persist. Fluctuating commodity prices and supply chain disruptions occasionally affect our quality and pricing consistency. To address this, we've prioritised supply chain flexibility. Technological investments and strategic partnerships enable swift responses to unforeseen circumstances. Building relationships with multiple suppliers and agile inventory management mitigate localised disruptions. Our logistics infrastructure, designed for agility, includes contingency plans and alternative routes, ensuring seamless operations. Despite macro challenges, our commitment to a flexible supply chain empowers us to navigate obstacles effectively, ensuring consistent delivery of quality burgers to our customers under any circumstances. Global Benchmarks, Local Adaptations Our burger brand prioritises a consistent supply through tech-driven forecasting, strategic partnerships, and global benchmarking. Leveraging predictive analytics, we adjust production to minimise shortages or overstocking. Long-term relationships with suppliers ensure transparent operations, from sourcing to delivery. We adapt successful global practices through benchmarking and continually improve through audits, adopting new technologies or optimising routes. Our commitment to agility and learning from global benchmarks ensures a reliable supply chain, meeting dynamic customer demands. Cost Management Methods In the face of escalating input costs, especially in a landscape where our primary business operates through Zomato and Swiggy, our commitment remains to shield end consumers from additional financial burdens. Our strategy is multi-faceted, emphasising cost management without compromising quality or transferring extra expenses to the customer. Internally, we relentlessly optimise operations, streamlining processes from sourcing to distribution to enhance efficiency and minimise wastage throughout the supply chain. Furthermore, we are resolute in absorbing a certain degree of these cost increases within our operations, ensuring that the quality, value, and experience associated with our brand remain uncompromised. Collaborating closely with our suppliers and distributors, we navigate peak input costs by absorbing some of the financial pressures internally, ultimately ensuring that the end consumer is spared from additional financial strains. Automation advancements in Operations Harnessing advanced information technology has been transformative for our supply chain. Integration of cutting-edge solutions has significantly boosted efficiency, agility, and responsiveness. A key initiative involves implementing robust inventory management systems driven by machine learning algorithms. These systems enhance demand forecasting, optimise inventory levels, and predict supply chain disruptions. This proactive approach ensures balanced stock levels at both outlet and warehouse, preventing excesses or shortages. Automation further streamlines operations, with an indent planning tool seamlessly integrated into our inventory management for more precise order fulfillment planning. Strong Partnerships: Key to minimising disruptions In India's supply chain landscape, seamless coordination among suppliers, distributors, and logistics partners is crucial. Our approach emphasises robust communication channels, fostering transparency, strategy alignment, and quick problem-solving. During crises, like recent disruptions, our coordination becomes even more vital. Swift adaptations, such as diversifying supply channels and optimising stock, help us navigate challenges. Strong partner relationships minimise disruptions. Despite widespread implications, our focus stays on fostering collaborations and open communication to navigate challenges effectively and deliver quality service in alignment with the dynamic Indian market. Logistics: Enabling Our Burger Success In our burger brand's success story in India, logistics plays a vital role, serving as the backbone of our operations. Entrusting specific functions to external partners, such as transportation and warehousing, ensures efficient delivery routes and streamlined distribution. While external partners handle certain tasks, the majority of logistics operations, including inventory management and strategic planning, are internally controlled. This internal control is crucial for optimising inventory, anticipating market demands, and maintaining a smooth product flow. With approximately 90 per cent of logistics operations managed internally, we strike a balance, leveraging external expertise while retaining control over core functions. This collaborative strategy ensures the benefits of specialised skills from partners, coupled with the agility needed to adapt to India's unique market demands. Win-Win Partnerships In selecting logistics partners for our Indian operations, we prioritise reliability, scalability, and technological proficiency. Timely and consistent deliveries are crucial, requiring partners adaptable to India's dynamic landscape. We emphasise technology-driven solutions, favoring partners with advanced tracking systems and route optimisation. Cost-effectiveness is key, seeking competitive pricing without compromising service quality. Transparency, compliance with regulations, and a customer-centric approach are foundational criteria. Thorough evaluations and trial periods ensure compatibility and strong partnerships, ensuring a smooth and efficient logistics operation for our burger brand in India. Efficient Transportation Strategies In response to the evolving logistics landscape in India, our policies and strategies pivot towards embracing alternative transport modes and optimising routes for efficient outsourcing of logistics services. We advocate for multimodal transport, acknowledging the strengths of various modes like road and rail to optimise cost, time, and environmental impact. Prioritising route optimisation through advanced technologies enables us to minimise transit times and costs, leveraging data-driven analytics to assess traffic patterns and road conditions. Collaboration with specialised 3PL service providers in alternative transport modes enhances our network efficiency. Recognising the last-mile delivery challenge in India, our policies explore innovative solutions, including partnerships with local services and micro-warehousing strategies. The emphasis on adaptability and agility allows us to respond dynamically to market dynamics, embracing new transport modes for enhanced efficiency or reduced environmental impact. Continuous evaluation and improvement are ingrained in our policies, fostering a diversified and adaptable logistics framework that ensures efficient supply chain operations for our business. Warehousing strategies that alleviates the bottom-line To optimise our operations, we strategically position warehouses for proximity to major consumption centers, minimising transportation costs and reducing delivery times across India. Leveraging technology, we implement warehouse management systems and plan to introduce barcode systems for enhanced accuracy. Embracing lean principles, we focus on continuous improvement, eliminating non-value-added activities, and maintaining efficient layouts. Anticipating seasonal or peak demand, we implement inventory strategies for optimal preparation without excess costs during quieter periods. Collaboration with 3PLs allows scalability and access to specialised facilities. Utilising data analytics, we continuously analyse warehouse efficiency, facilitating data-driven decisions for ongoing process improvements. Through these strategies, we aim for efficient, agile, and customer-centric operations, ensuring timely product delivery across India while optimising costs and resources. Distinct capabilities with a strategic Innovation Approach Maximising the efficiency of our logistics and backend operations involves a multifaceted approach focussed on continuous improvement and innovation. Leveraging advanced analytics, we prioritise accurate demand forecasting for optimised inventory levels, balancing meeting customer demands with minimising excess stock. Building strong relationships with suppliers and implementing lean supply chain principles help in reducing lead times, cutting costs, and maintaining a responsive supply chain. Constantly exploring and integrating emerging technologies such as AI and Bar Coding enhances visibility and transparency across the supply chain. Sustainability initiatives, including eco-friendly packaging and optimised delivery routes, align with our commitment to environmental responsibility. Regular assessments and adaptation to market changes, whether regulatory shifts or consumer preferences, ensure operational agility. Our ultimate goal is to create a responsive, cost-effective, and sustainable supply chain that meets customer demands across diverse cities. Megatrends changing the face of Supply Chain Executives In the dynamic landscape of India's supply chain and logistics, several pivotal megatrends are set to reshape the roles of managers in these domains. Technology integration, including AI and machine learning, will revolutionise operations, requiring managers to harness these tools for enhanced visibility and data-driven decision-making. Building resilience against disruptions and diversifying sourcing channels will be imperative. Leveraging data analytics for predictive insights will be essential for optimising inventory and enhancing overall efficiency. Collaborative partnerships across the supply chain ecosystem will strengthen, necessitating closer ties with suppliers, distributors, and technology providers. Adapting to evolving regulations, upskilling the workforce for increased automation, and prioritising customer-centric logistics experiences are paramount. Striking the right balance between globalisation benefits and localised strategies will be a key challenge. Managers who adeptly navigate and capitalise on these megatrends will build agile, sustainable, and technologically advanced operations, meeting the evolving demands of the market. Advice for budding professionals To young supply chain professionals entering the industry in India, here's some invaluable advices for navigating the evolving landscape. Embrace continuous learning by staying updated on technological advancements and industry trends, and seek certifications and mentorship. Develop a holistic understanding of the supply chain spectrum, acknowledging the interconnections between procurement, logistics, operations, and customer relations. Cultivate adaptability and flexibility to navigate the fast-paced and disruptive nature of the industry. Focus on data literacy, particularly proficiency in analytics tools like Excel, for making informed decisions. Hone communication and collaboration skills to effectively coordinate with diverse teams and stakeholders. Embrace ethical and sustainable practices, recognising their growing importance in supply chains. Lastly, foster a problem-solving mindset, as the ability to address challenges efficiently is highly valued in the dynamic field of supply chain management.

Delmos Aviation transports second lot of oxygen concentrators from Russia for Rajasthan government

Delmos Aviation has transported the second lot of 300 units of oxygen concentrators from Russia to New Delhi for the Rajasthan state government. The consignment was airborne on an Aeroflot A333 aircraft (SU 232) and reached at 10:10 AM in New Delhi. The shipments were shipped by road and sent back to Swasthya Bhawan, Jaipur, Rajasthan Medical Services Corporation (RMSCL). RMSCL obtained oxygen concentrators from Russian companies together with Delmos Aviation. Delmos Aviation is procuring, transporting and supplying COVID-relied materials to the Rajasthan Medical Services Corporation with the mandate signed with the Rajasthan Government. There will shortly be two consignments with the remaining 800 oxygen concentrators. "We are ready to assist governments in the provision and delivery of any type of essential medical supplies, oxygen concentration and equipment as quickly as possible," said Dr Naveen Rao, Director, Delmos Aviation. "At this juncture, time-based deliveries are paramount. We can handle the airlift and deliver the shipment to the last point." In four lots, 100, 300, 450 and 400 units, a total of 1250 oxygen concentrations are ordered and continue to reach New Delhi in batches of shipments. On 14 and 16 May 2021, the remaining lots will arrive. Oxygen concentrators of Single flowmeter (0.5-10LPM Adjustable) and double flowmeter (0-5LPM Adjustable) are included in the delivery. The models are JAY-10A & LFY-I-5A. "The government of Rajasthan is working hard in this raging second wave of the pandemic to provide basic medical equipment to head Minister Ashok Gehlot and Minister of Health, Raghu Sharma. The government plans to import 1250 oxygen concentrators from Moscow, Russia, in partnership with Delmos Aviation, as part of its efforts to enhance medical oxygen in the state," said a spokesperson.

Challenge Group strengthens fleet with new Boeing 747-400F to meet growing global demand

Challenge Group unveiled its newest Boeing 747-400 production freighter registered under its Belgian AOC. With this acquisition, Challenge Group’s fleet now consists of 10 state-of-the-art aircraft, including six Boeing 747-400F and four Boeing 767-300F freighters, trebling its fleet in less than three years. This expansion positions the company to meet increasing customer demand with greater efficiency and flexibility. The new aircraft will significantly enhance Challenge Group’s capacity and frequency, addressing rising demand for perishable transportation out of Africa, e-commerce shipments from China, and transatlantic trade. Predominantly serving the e-commerce sector from China, the Boeing 747-400F will also support diverse industries and verticals with its versatile cargo capabilities. “The addition of the Boeing 747-400F is a pivotal step in Challenge Group’s fleet strategy,” said Or Zak, Chief Commercial Officer at Challenge Group. “It reinforces our ability to respond to the evolving demands of the air freight capacity while expanding our capability to serve new markets. This aircraft exemplifies our commitment to operational flexibility and providing additional solutions for our customers.” This expansion aligns with Challenge Group’s long-term strategy to grow its fleet and increase its market reach. By incorporating advanced freighters like the Boeing 747-400 production freighter, the company is well-positioned to deploy additional capacity as needed and strengthen its global network.

Average shipping container prices decline at ports of Los Angeles, Long Beach, logjam still unabated

Container xChange, the world’s leading tech company for container trading and leasing published container prices and availability data across the key ports of the United States. As majority of ports at the United States struggle to process the soaring flow of inbound containers, the average shipping container prices fell in the month of October by an average of 10% at the ports of LA, LB and more recently the port of Savannah too. The ports in the US are showing very high Container availability Index (CAx) values consistently as compared to the year 2020 and 2019 (pre-pandemic times). On a global scale, about 78 ports recorded CAx values higher than 0.50 (the value of 0.50 represents the ideal balance of inbound and outbound containers). As per the data, the average prices for 40 ft High cube containers have dropped by 10.7% from US$4863 to US$4342 from the month of August to November at the port of Long Beach. At the port of Los Angeles, a 20 ft dry container costs US$1850 and a 40 High cube costs around US$4342. The table below shows the decline in the average prices for a forty ft high cube container since the month of August this year at the Los Angeles port. Overall, the average one-way container leasing pickup charges on China to United States stretch have also slashed after it peaked in the month of September from US$2810 to US$1760 in October. Looking at the inbound/outbound container data by Container xChange, CAx values that are consistently above 0.70 indicate that these ports have been importing an increasing number of containers for a long period and the exports are impacted due to prevailing supply-chain factors.  Particularly the port of Long Beach and Los Angeles have consistently shown CAx values higher than 0.80 since the beginning of the year which shows the catastrophic problem of higher inbound containers at these ports. The situation is similar at ports like Oakland, Seattle, Tacoma, and other ports in the US West Coast. The container availability index (CAx) at the port of Long Beach is 0.88 this week, which is the highest since the year 2019. The CAx values stood at 0.67 in 2019 and at 0.68 in 2020. The higher CAx values indicate that in proportion to the inbound containers, outbound containers are much higher. The gap is at its peak at the port. The port of Oakland, for instance, showed up a general CAx values between a range of 0.36 to a maximum of 0.65 at a given week throughout the year 2020, which is somewhere in the range of 0.70 to 0.96 at any given week in the year 2021. “The United States being an import destination of containers, has witnessed extraordinary number of vessels this year as the demand grew exponentially, especially in the north America region. This has crippled the supply chain because the ports and the supporting ecosystem has not been prepared adequately. We need measures to collectively improve the situation at these ports, which has had a domino effect on other ports and infact on the global supply chain. As per our forecast, the container prices will level off at a new normal that will be atleast 2X of the pre-pandemic cost by the end of next year 2022,” said Dr Johannes Schlingmeier, CEO and co-founder of Container xChange. Even the ports in the US East Coast like the port of Savannah, have experienced dip in the average prices for containers. A 40 feet high cube container costs US$4607 in November while it costed US$5224 in September, almost a dip of 11-12%. At the port of Savannah, as of week 47, the CAx stands at 0.94 which was 0.81 in 2020 and 0.84 in the year 2019 during the same week. Clearly, the port. Is handling very high number of inbound containers this year as compared to the past two years. 

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