Supply Chain Finance

Logistics Industry facing a working capital crunch

With low consumer spend, Logistics companies are facing severe payment delays from cash-strapped customers as well as higher costs due to increase in diesel prices, shortage of workers and drivers, and sanitization costs. Facing this double whammy, companies are trying to raise rates for the customers. Due to slower consumption in the market, customers’ payment patterns are changing with prolonged …

Impact on Trucker due to economic slowdown

In early September, one of the largest Commercial Vehicle (CV) players in India, Ashok Leyland announced a shutdown schedule. This announcement preceded the news of the 59% drop in the production of medium and heavy commercial vehicles (M&HCVs). There are various speculations with the story, and some believe it is due to urban and rural consumption. According to a report …

Who is backing logistics?

The Government is backing logistics, are you? India is going through a digital revolution and the numbers are in favour of a sea change in the way we will do business. The number of Jio subscribers has increased to 280 million. The number of digital villages in the country is soaring and the government has plans to digitize 100,000 villages. …