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Walmart says its revamped supply chain will enable it to ease cost pressures tied to the rise of e-commerce and help end a decade of stagnation in US operating income
The losses include more than 1,000 positions at a warehouse in Fort Worth
Around 5,642 warehousing projects have been completed under the Warehouse Infrastructure Fund (WIF) scheme so far, Parliament was informed on Friday. Under the Warehouse Infrastructure Fund (WIF) scheme, under the Ministry of Finance, about Rs 9,393.68 crore funds have been sanctioned till December 2022 for establishment of 7,953 warehouse projects spread across 21 states, Agriculture Minister Narendra Singh Tomar said in a written reply to the Rajya Sabha. The estimated storage capacity on completion of these projects will be 9.32 million tonnes, he said. Out of which, the cumulative disbursement of WIF loan till December 2022 was Rs 8,357 crore, as against the sanctions. "As on date, 5,642 projects have been completed," the Minister said. Apart from the WIF scheme, Tomar said the Agriculture Infrastructure Fund (AIF) scheme of the Ministry of Agriculture facilitates medium-long-term debt financing for investment in viable projects relating to post-harvest management infrastructur
US regulators have found that three Amazon warehouse facilities exposed workers to "ergonomic hazards", including putting them at high risk for lower back injuries and other musculoskeletal disorders
The middle-mile segment, unlike long-haul transport or last-mile delivery to an end consumer, involves business-to-business (B2B) operations, mostly from a warehousing location to a retail centre
Warehousing Development and Regulatory Authority (WDRA) Chairman T K Manoj Kumar on Monday said there is an increase in the registration of warehouses and its outreach with banks and farmers has improved exponentially. The decision that the government procured stocks should be stored in WDRA-registered warehouses or those warehouses which have applied for WDRA registration has resulted in the increased registration, particularly from State Warehousing Corporations (SWCs), he added. Speaking at an event to commemorate the WDRA's Foundation Day, Kumar said: "There had been an increase in the number of warehouses registered with WDRA and its outreach with banks and farmers had improved exponentially." He said State Bank of India (SBI) has launched a special product for lending against e-NWRs (electronic negotiable warehousing receipts) at reduced interest rate and lower fees. Karnataka Bank too has informed that it is in the process of launching a new product on e-NWR pledge finance, a
The firm is looking to raise Rs 500 crore from the IPO to fuel its store and warehouse expansion plan
A billowing column of dark smoke towered over Paris on Sunday, from a warehouse blaze at a massive produce market that supplies the French capital and surrounding region with much of its fresh food and bills itself as the largest of its kind in the world. Firefighters urged people to stay away from the area, in Paris' southern suburbs, while they tackled the blaze at the warehouse in the Rungis International Market. There were no immediate reports of injuries. The sprawling wholesale market is a veritable town unto itself, with more than 12,000 people working there and warehouses filled with fruit and vegetables, seafood, meats, dairy products and flowers from across France and around the world.
NCR and Mumbai led the market on overall volumes, while Pune and Hyderabad witnessed the highest percentage growth, at 166% and 128%, respectively
Company will consider other opportunities for rehabilitation of business ops
The policy is being brought in tandem with Prime Minister's ambitious GatiShakti national master plan
In the amendment bill, the government has also proposed simplified registration process, accepting negotiable receipts only in electronic form
Multiple new categories and business models have emerged in the last two years in the area of e-commerce
"Our injury rates are sometimes misunderstood. We have operations jobs that fit both the 'warehousing' and 'courier and delivery' categories," Jassy said late on Thursday
We're also passionate about further improving safety in our fulfillment network, with a focus on reducing strains, sprains, falls, and repetitive stress injuries, he wrote
The investment is in line with IndiaMART's objective of offering various SaaS solutions for businesses
The reversal follows the emergence of a more contagious strain of Covid-19 and after six workers died at a facility struck by a tornado last week
Amazon founder Jeff Bezos on Saturday expressed grief over the death of six people at an Amazon warehouse collapse in Edwardsville, Illinois, due to an ongoing wave of tornadoes in the US