tag:blogger.com,1999:blog-42818659108972225052024-03-24T16:32:19.071-07:00LOBBLobb is an e-commerce platform for the trucking industry. It helps truckers and transporters to do business transactions in a more transparent, efficient and profitable manner ensuring a much better experience for all parties concerned OR for all stakeholders.Anonymoushttp://www.blogger.com/profile/11529066696410308139noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-4281865910897222505.post-38896733239717290612018-04-04T04:25:00.005-07:002018-04-04T04:25:54.626-07:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-size: large;">E-way Bills :Over 17 lakh e-way bills generated in 3 days</span></h2>
<span style="background-color: white; color: #58585b; font-family: "PT Serif", serif; font-size: 18px; text-align: justify;">Over 17 lakh e-way bills for inter-state movement of goods have been generated by businesses and transporters since the launch of the GST anti-evasion measure on April 1, an official said today.</span><br />
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The number of e-way bills generated on its platform has been steadily rising with 2.59 lakh bills on April 1, followed by about 6.5 lakh and 8.15 lakh bills in the subsequent two days.</div>
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Among states, Gujarat tops the list of e-way bill generation with 3.6 lakh bills generated during April 1-3, followed by Karnataka at 2.65 lakh bills. Karnataka is the only state which has also launch e-way bill for intra-state movement of goods, along with inter-state.</div>
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"Going by the trend, the total number of e-way bills generation is likely to touch 9 lakh today. On a daily basis, we are expecting a 5-10 per cent increase in the generation of bills," an official told PTI.</div>
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From April 1, transporters of goods worth over Rs 50,000 have been mandated to generate an e-way bill, which would be required to be presented to a GST inspector, if asked.</div>
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This is being touted as an anti-evasion measure and would help boost tax collections by clamping down on trade that currently happens on cash basis.</div>
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The GST Council, last month, decided on a staggered roll out of the e-way bill starting with inter-state from April 1 and intra-state from April 15.</div>
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The official said a decision on which states should be in the first phase of intra-state roll out would be decided after stabilisation of the current e-way bill system for movement of goods from one state to another.</div>
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"We are seeing an uptrend in e-way bill generation. Once the number of such bill generation plateaus, a decision on intra-state launch would be taken," the official added.</div>
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Abhishek Jain, Partner at EY, said the e-way bill roll out has been smooth, in line with the government's promise of setting in motion a stabilised system. "The strategy of the government to introduce inter-state e-way bills in phase 1 and intra-state in later phases has worked out pretty well," Jain said.</div>
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The e-way bill provision of the goods and services tax (GST) was first introduced on February 1. However, its implementation was put on hold after the system developed glitches in generating permits. With several states also starting to generate intra-state e-way bills on the portal, the system developed a snag. Since then, the platform has been made more robust so that it can handle as many as 75 lakh inter-state e-way bills daily without any glitch. "Second innings of e-way bills is having a smooth run, and overall response from trade and industry is encouraging. In the last couple of days, not even a single grievance has come in on the technology front," AMRG & Associates Partner, Rajat Mohan, said.</div>
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Data retrieved from e-way bills would also support the government build analytics around tax collections on a real-time basis, Mohan added.The implementation of the nationwide e-way bill mechanism under GST regime is being done by GST Network in association with the National Informatics Centre (NIC).</div>
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Source : https://www.outlookindia.com Dated 04-04-2018</div>
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Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com1tag:blogger.com,1999:blog-4281865910897222505.post-25353530642423758302018-02-01T23:19:00.000-08:002018-02-01T23:19:20.193-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<b><span lang="EN-US" style="color: #1e314f; font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;">Generate e-Way Bills on
E-Way Bill Portal- Road Transportation<o:p></o:p></span></b></div>
<ol start="1" type="1">
<li class="MsoNormal" style="color: #337ab7; line-height: normal; mso-list: l5 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list 36.0pt;"><span style="color: #1e314f; font-family: Arial, sans-serif;">Registration first time on the </span><span style="font-family: Arial, sans-serif;"><a href="https://ewaybill7.nic.in/ewbnat1/">https://ewaybill7.nic.in/ewbnat1/</a><o:p></o:p></span></li>
<li class="MsoNormal" style="color: #1e314f; line-height: normal; mso-list: l5 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list 36.0pt;"><span style="font-family: Arial, sans-serif;">Keep login/password (Confidential) <o:p></o:p></span></li>
<li class="MsoNormal" style="color: #1e314f; line-height: normal; mso-list: l5 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list 36.0pt;"><span style="font-family: Arial, sans-serif;"> For new
eway bill, Login to portal<o:p></o:p></span></li>
<li class="MsoNormal" style="color: #1e314f; line-height: normal; mso-list: l5 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list 36.0pt;"><span style="font-family: Arial, sans-serif;"> Click on
“Generate New” under new e-way bill<o:p></o:p></span></li>
</ol>
<div class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 54.0pt; margin-right: 0cm; margin-top: 0cm; mso-add-space: auto; mso-list: l4 level1 lfo5; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="color: #1e314f; font-family: Arial, sans-serif;">a)<span style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #1e314f; font-family: Arial, sans-serif;">Transaction Type:<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 36.0pt; margin-right: 0cm; margin-top: 0cm;">
<span style="color: #1e314f; font-family: Arial, sans-serif;"> Select ‘Outward’ for supplier of consignment<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 36.0pt; margin-right: 0cm; margin-top: 0cm;">
<span style="color: #1e314f; font-family: Arial, sans-serif;"> Select ‘Inward’ for recipient of consignment.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 36.0pt; margin-right: 0cm; margin-top: 0cm;">
<span style="color: #1e314f; font-family: Arial, sans-serif;">b) Sub-type: Select the relevant sub-type applicable to you:<o:p></o:p></span></div>
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<br /></div>
<div class="MsoListParagraphCxSpFirst" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 54.0pt; margin-right: 0cm; margin-top: 0cm; mso-add-space: auto; mso-list: l0 level1 lfo6; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="color: #1e314f; font-family: Arial, sans-serif;">c)<span style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #1e314f; font-family: Arial, sans-serif;">Document type: Select either of Invoice / Bill/
challan/ credit note/ Bill of<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 54.0pt; margin-right: 0cm; margin-top: 0cm; mso-add-space: auto;">
<span style="color: #1e314f; font-family: Arial, sans-serif;"> entry or others if not Listed<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 36.0pt; margin-right: 0cm; margin-top: 0cm;">
<span style="color: #1e314f; font-family: Arial, sans-serif;">d) Document No. : Enter the document/invoice
number<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 36.0pt; margin-right: 0cm; margin-top: 0cm;">
<span style="color: #1e314f; font-family: Arial, sans-serif;">e) Document Date: Select the date
of Invoice or challan or Document.<o:p></o:p></span></div>
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<span style="color: #1e314f; font-family: Arial, sans-serif;"> Note: The system will not allow the user to
enter the future date.<o:p></o:p></span></div>
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<span style="color: #1e314f; font-family: Arial, sans-serif;">f) From/ To: Depending on
whether you are a supplier or a recipient, <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 36.0pt; margin-right: 0cm; margin-top: 0cm;">
<span style="color: #1e314f; font-family: Arial, sans-serif;"> enter the To / From section
details.<o:p></o:p></span></div>
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<b><span style="color: #1e314f; font-family: Arial, sans-serif;">Note:</span></b><span style="color: #1e314f; font-family: Arial, sans-serif;"> If the supplier/client is unregistered, then
mention ‘URP’ in the field GSTIN, indicating that the supplier/client is an
‘Unregistered Person’.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 36.0pt; margin-right: 0cm; margin-top: 0cm;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 36.0pt; margin-right: 0cm; margin-top: 0cm;">
<span style="color: #1e314f; font-family: Arial, sans-serif;">g) Item Details: Add the details of the consignment (HSN code-wise) in
this section:<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-left: 74.7pt; mso-list: l2 level1 lfo2; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list 74.7pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="color: #1e314f; font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #1e314f; font-family: Arial, sans-serif;">Product name
<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-left: 74.7pt; mso-list: l2 level1 lfo2; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list 74.7pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="color: #1e314f; font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #1e314f; font-family: Arial, sans-serif;">Description<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-left: 74.7pt; mso-list: l2 level1 lfo2; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list 74.7pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="color: #1e314f; font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #1e314f; font-family: Arial, sans-serif;">HSN Code<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-left: 74.7pt; mso-list: l2 level1 lfo2; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list 74.7pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="color: #1e314f; font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #1e314f; font-family: Arial, sans-serif;">Quantity,<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-left: 74.7pt; mso-list: l2 level1 lfo2; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list 74.7pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="color: #1e314f; font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #1e314f; font-family: Arial, sans-serif;">Unit,<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-left: 74.7pt; mso-list: l2 level1 lfo2; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list 74.7pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="color: #1e314f; font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #1e314f; font-family: Arial, sans-serif;">Value/Taxable value<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-left: 74.7pt; mso-list: l2 level1 lfo2; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list 74.7pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="color: #1e314f; font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #1e314f; font-family: Arial, sans-serif;">Tax rates of CGST and SGST or IGST (in %)<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-left: 74.7pt; mso-list: l2 level1 lfo2; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list 74.7pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="color: #1e314f; font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #1e314f; font-family: Arial, sans-serif;">Tax rate of Cess, if any charged (in %)<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 36.0pt; margin-right: 0cm; margin-top: 0cm;">
<span style="color: #1e314f; font-family: Arial, sans-serif;">Note: On the implementation of E-way bills, Based on the details entered
here, corresponding entries can also be auto-populated in the respective
GST Return while filing on GST portal. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 36.0pt; margin-right: 0cm; margin-top: 0cm;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 36.0pt; margin-right: 0cm; margin-top: 0cm;">
<span style="color: #1e314f; font-family: Arial, sans-serif;">h) Transporter details: The mode of transport(Road/rail/ship/air) and
the approximate distance covered (in KM) needs to be compulsorily mentioned in
this part.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 36.0pt; margin-right: 0cm; margin-top: 0cm;">
<span style="color: #1e314f; font-family: Arial, sans-serif;">Apart from above, <b>Either </b>of the details can be
mentioned:<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 72.0pt; margin-right: 0cm; margin-top: 0cm; mso-list: l3 level1 lfo3; tab-stops: list 72.0pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="color: #1e314f; font-family: Arial, sans-serif;">1.<span style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #1e314f; font-family: Arial, sans-serif;">Transporter name, transporter ID, transporter Doc.
No. & Date.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 36.0pt; margin-right: 0cm; margin-top: 0cm;">
<b><span style="color: #1e314f; font-family: Arial, sans-serif;"> OR<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 72.0pt; margin-right: 0cm; margin-top: 0cm; mso-list: l1 level1 lfo4; tab-stops: list 72.0pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="color: #1e314f; font-family: Arial, sans-serif;">1.<span style="font-family: "Times New Roman"; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #1e314f; font-family: Arial, sans-serif;">Vehicle number in which consignment is being
transported.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 72.0pt; margin-right: 0cm; margin-top: 0cm;">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 36.0pt; margin-right: 0cm; margin-top: 7.5pt; mso-add-space: auto;">
<span style="color: #1e314f; font-family: Arial, sans-serif;">Note: For products,
clients/customers, suppliers, and transporters that are used regularly, first
update the ‘My masters’ section also available on the login dashboard and
then proceed.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 36.0pt; margin-right: 0cm; margin-top: 7.5pt; mso-add-space: auto;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: #1e314f; font-family: Arial, sans-serif;"><b> </b> 5 <b> </b></span><span style="color: #1e314f; font-family: Arial, sans-serif;"> Click
on ‘Submit’ system validates data and throws up an error if any<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: #1e314f; font-family: Arial, sans-serif;"> <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpFirst" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-add-space: auto;">
<span style="color: #1e314f; font-family: Arial, sans-serif;"> Otherwise,
your request is processed and the e-way bill in Form EWB-01 form with a </span></div>
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Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com1tag:blogger.com,1999:blog-4281865910897222505.post-71215677913074662062018-01-28T23:45:00.001-08:002018-01-28T23:45:59.412-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<b><a href="https://yourstory.com/2018/01/logistics-sector-startups-expect-fy19-union-budget/"><span style="font-size: large;">This is what logistics sector startups expect from the FY19 Budget</span></a></b><br />
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<i style="box-sizing: border-box;">ith the GST, and a newly-accorded infrastructure status, what will this February 1 Budget mean for logistics?</i></div>
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The February 1 Union Budget will have all eyes trained on it; and not just for the usual reasons. This will be the first Budget after the implementation of the Goods and Services Tax, and the last for the current BJP-led NDA government before the general elections in 2019.</div>
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The FY19 budget will also hold higher relevance for the logistics sector as it was accorded infrastructure status in November last year.</div>
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While Niti Aayog Vice Chairman Rajiv Kumar said the upcoming Budget would not be populist, industry experts believe otherwise, and many are sceptical of the sops that might be announced.</div>
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Budgetary allocations aside, the one announcement in the last Budget that roused a good deal of excitement in the startup space was that <a href="https://yourstory.com/tag/logistics/" style="background-color: transparent; box-sizing: border-box; color: #e5002d; font-weight: inherit; text-decoration: inherit;">logistics</a> startups, like HipShip, and young logistics companies like Delhivery, Blackbuck, Rivigo, and Shadowfax, were allowed to use railways for end-to-end solutions.</div>
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The logistics sector includes road transport - comprising small businesses, truck fleets, and large transport companies - the warehousing sector, and third-party logistics companies, both big and small. With the growth of technology and digital commerce, logistics has a stronger role than ever before, and naturally, the focus on it is greater.</div>
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The Union Budget for 2017-18 earmarked Rs 2.4 lakh crore for the transport industry, of which Rs 1 lakh crore was for the Railways, and Rs 64,000 crore for national highways.</div>
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Jayaram Raju, Co-founder of LOBB, a logistics startup, explains:</div>
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“Imagine a startup has to ship one ton of oranges from a farm to the closest railway station at Rs 3 per km, and be loaded onto special perishable containers. When the train reaches its destination, the same startup picks up the items, and ships them off to warehouses. From there, the produce is sent out to kirana stores and retailers. All these services today are based on technology, and will have the smartphone at the centre of the ordering mechanism.”</div>
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So, what are startups<span style="box-sizing: border-box; font-weight: 700;"> </span>expecting from Finance Minister Arun Jaitley?</div>
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<span style="box-sizing: border-box; font-weight: 700;">Better representation of issues and a seat at the table in the ministry </span></h2>
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<span style="box-sizing: border-box; font-weight: 700;">Ajay Rao, Co-founder, </span>Emiza<span style="box-sizing: border-box; font-weight: 700;">, a Mumbai-based third-party logistics firm</span>, says:</div>
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The recognition of logistics with industry status was a major milestone for the sector. We expect to see a lot of sector-specific policies, and better representation of our issues. More importantly, a seat at the table in the ministry. It is still early days, but the path has been laid for the sector's development.</div>
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<span style="box-sizing: border-box; font-weight: 700;">Venu Kondur, Co-founder, Lobb, a Bengaluru-based logistics tech startup, </span>says:</div>
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The key expectations are to increase allocation for infrastructure and in agriculture. If this happens, the logistics sector will benefit going forward as domestic consumption is rising.</div>
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<span style="box-sizing: border-box; font-weight: 700;">Nishith Rastogi, Co-founder,</span> <span style="box-sizing: border-box; font-weight: 700;">Locus, Logistics startup, </span>says<span style="box-sizing: border-box; font-weight: 700;">:</span></div>
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With the emphasis on the data penetration boom, e-commerce is a major opportunity for the entire logistics industry. The upcoming budget will see reforms, rules and taxes being framed for the entire e-commerce industry, which, if done properly, can boost the entire sector, as has happened across the world.A populist FY19 budget?</div>
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The 2017-18 budget was balanced, industry participants say, and did not cater to populist demands. However, if the fear of a populist budget this time comes true, one can expect an increase in indirect taxes, huge waivers of agricultural and SMEs loans, and higher government spending on agriculture, and textile industries.</div>
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“If the budget is populist, then banks may tighten up credit for other sectors, and it could slow the economy,” says Jayaram.</div>
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<span style="box-sizing: border-box; font-weight: 700;">The growth of Logistics</span></h2>
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Cost of logistics in India is higher as compared with the US and China, and an Assocham report suggests India can save close to $50 billion if logistics costs drop to 9 percent of GDP from 13 percent now. This, in turn, would also bring down prices of products.</div>
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A report in the Mint newspaper, which analysed data from the Centre for Monitoring Indian Economy’s industrial base, says that between 2010 and 2015, all logistics subsectors saw a decline in profitability. The average operating efficiency during the period was seven percent for the road transport sector, and 20 percent for the storage sector.</div>
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In 2017-18, the government, initiated several public-private infrastructure projects with major players which has led to faster execution, creation of a stable ecosystem, and a boost to the job market, and the economy.</div>
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“The government has been bullish on reforming the logistics and infrastructure sector, which was evident from the 10 percent increase in transport infrastructure budget allocation in 2017-18. In addition, funds were allocated for the Sagarmala project, to build multimodal logistics parks, and to develop coastal roadways,” explains Nishith.</div>
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He says these measures gave a boost to the shipping industry, and would lead to around 20 percent year-on-year growth.</div>
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<span style="box-sizing: border-box; font-weight: 700;">GST impact </span></h2>
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The logistics sector has seen a paradigm shift post implementation of the GST as various indirect taxes made way for the unified tax. In fact, the indirect tax regime changed the way companies strategised their supply chain operations as they did not need to worry about local taxes like Octroi. Citing an example, Nishith says Nagpur saw land prices skyrocket as warehousing opportunities opened up following the scrapping of local taxes.</div>
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Also, with the GST, there was consolidation of warehouses across clients, resulting in fewer full truck load stock transfers, and increased direct billing from a central warehouse to the customer. “This has resulted in a direct growth in lower truck load business opportunities for Emiza,” says Ajay.</div>
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The last budget also allowed 100 percent foreign direct investment in warehousing, making it easier for foreign players to comply with the single point GST norms.</div>
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“In the GST regime, it is imperative for every stakeholder in the ecosystem to upload tax. If one does not, the party that has sold the goods forces the receiving party to do so immediately, or else faces the burden of not getting input tax credit,” says Nikhil Rungta, Managing Director of Intuit India.</div>
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He says the indirect tax regime has made every member in the chain more accountable to pay tax.</div>
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Nishith believes the efficiency of the supply chain can be improved by as much as 30 percent due to the goods and services tax going forward. Locus, for instance, has helped several major corporations save 10-25 percent by applying innovative, technological solutions to the supply chain.</div>
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Companies, however, negotiate margins with their sales channels, including e-commerce channels, as margins fall under the GST.</div>
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Vikas Lachhwani, Co-founder of MCaffeine, a skincare brand, says:</div>
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“The first quarter showed us that many brands lost money because a lot of the goods were being sold under pre-GST rates. We renegotiated contracts again with e-commerce companies.” He adds that with GST, he is still bullish because Indian domestic consumption is on the rise, and capturing tax at each source is essential for growth of the economy.</div>
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The FY19 budget still needs to address some issues around GST. Also, there is a lot of confusion about transportation companies operating as General Transport Agencies (GTA) or as a courier service, and therefore the applicability of GST on them.</div>
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“Companies that operate as a GTA do not get the benefit of offsetting GST expenses incurred by them, thereby increasing their costs. To me, if the government came up with a single tax GST tax structure for GTAs like 5 percent, and allowed us to collect that from our clients and deposit it on their behalf, it would allow us to offset the GST charged to us. If the upcoming budget can address some of these concerns, it could be a game changer for the sector,” says Ajay.</div>
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<em style="box-sizing: border-box;"><span style="box-sizing: border-box; font-weight: 700;">(With inputs from Vishal Krishna) </span></em></div>
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<em style="box-sizing: border-box;"><span style="box-sizing: border-box; font-weight: 700;">Source : https://yourstory.com/</span></em></div>
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Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com3tag:blogger.com,1999:blog-4281865910897222505.post-58372774719043026892017-11-26T22:30:00.002-08:002017-11-26T22:30:37.316-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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Why these 5 industries will soon pick virtual assistants instead of hiring you</h1>
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<em style="box-sizing: border-box; margin: 0px; padding: 0px;">India may have been slow to catch up with the world when it comes to AI services, but the role of VPA technology is going to be significant with even Future Group betting big on digital retail 3.0.</em></div>
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Life seems to be moving in the direction of the cloud. Until now, the Gods in the clouds guided us; now, the cloud and data, which know everything about us, are our guiding light.</div>
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Microsoft Azure, Amazon Web Services, and the Google Cloud, packed with data on every human interaction, are the new Gods these days.</div>
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No wonder services are being built on top of their Artificial Intelligence (AI) platforms. From shopping to dating, from interactions with friends to business conversations, everything is culminating into an era where algorithms will make suggestions to the individual and the CEO about building a personality and a company.</div>
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<figure class="wp-caption alignnone" id="attachment_310692" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 1px solid rgb(240, 240, 240); box-sizing: border-box; height: auto; margin: 5px 20px 20px 0px; max-width: 100%; padding: 5px 3px 10px; text-align: center; width: 800px;"><img alt="" class="wp-image-310692 size-full" height="400" src="https://d28dwf34zswvrl.cloudfront.net/wp-content/uploads/2017/11/AI-chat-and-text.jpg" style="border: 0px none; box-sizing: border-box; height: auto; margin: 0px; max-width: 100%; padding: 0px; vertical-align: middle; width: auto;" width="800" /><figcaption class="wp-caption-text" style="box-sizing: border-box; color: #9a9a9a; font-size: 0.95rem; line-height: 1.25rem; margin: 10px 0px; padding: 0px;">The role of virtual private assistant technology will be significant going forward.</figcaption></figure><div style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin-bottom: 30px; margin-top: 30px; padding: 0px;">
Kishore Biyani, the Chairman of Future Group, announced a new strategy where there will be digital integration with 350 stores in grocery. The group plans to eventually roll out virtual personal assistant tech in 10,000 stores in five years.</div>
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“We will use everything from chat apps to machine learning for a complete digital retail experience,” he says. This $4.4 billion dollar company isn’t the only one betting on virtual private assistant (VPA) technology; there is a host of others too. The companies that will build for large enterprises will be IT Services companies like Infosys, Mindtree and Wipro. But, these companies have large revenues from the US and will focus on that market only.</div>
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With Kishore taking this bet, the opportunity to build such services for the Indian market is wide open to startups. However, there aren’t many stellar examples of VPA implementations from startups with large companies. Everyone claims to build a chatbot, but, a chatbot is not a VPA. Companies using basic conversational assistants include Yellow Messenger, Marvin.AI, Morph.AI and Avysh.com.</div>
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Naganand Doraswamy, Founder of IdeaSpring Capital, says, “Today, literally every startup and mid-sized company claims to be an AI startup and gives the chatbot argument. But they have no clue about Deep Learning, Machine Learning and AI. They need to figure out where they stand in terms of tech and then work on a business model.”</div>
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He adds that today, large product companies like Amazon and Apple, which understand how consumers and technology work, are game for VPAs.</div>
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These virtual private assistants are not robots like the ones in Asimov’s fictional <em style="box-sizing: border-box; margin: 0px; padding: 0px;">Robot Series</em>; they are just a stepping stone to a dynamic machine-and-human interaction.</div>
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<span style="box-sizing: border-box; margin: 0px; padding: 0px;">How does VPA work?</span></h2>
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The VPA is an algorithm that tracks data and figures out your likes and dislikes, and then answers questions on a chat or voice platform. It is able to make suggestions based on historical data. Engineers today are using the power of the cloud (compute and storage), mobile apps, interactive web and search modules to target customers on the go.</div>
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Atul Jalan, Founder of Manthan, says: “In the future, thanks to digital data, software will know more about the individual and will predict possibilities that are accurate.” He adds that data is the “future of the world” with everyone openly sharing data with Google, Facebook and all the apps that are installed on their phones.</div>
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All engineering students must prepare for this AI revolution by understanding data coming from corporations. For that, however, there needs to be a massive overhaul of industry and academia engagement. Karnataka has taken a step ahead in setting up a centre of excellence for AI, but there needs to a unified effort across the country to study the impact of these AI-based Algorithms.</div>
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With these clouds, technology companies can now help enterprises use data to tailor-make campaigns for customers. Gone will be the days when data was in silos and the customer was treated as part of a whole. Today, the customers can be made to feel special although they will – very subtly – still remain part of a whole as corporations will focus on new tailor-made campaigns to increase top lines and bottom lines. Such campaigns will be triggered by VPAs, AI-powered software, which plugs into the CRM in the BFSI and retail scenarios, and Hospital Information Systems. VPAs are being piloted in several industries, including logistics, brick-and-mortar retail, healthcare, banks and manufacturing.</div>
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We list down the five industries that will use and be augmented by the presence of VPAs in the near future:</div>
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<span style="box-sizing: border-box; font-weight: 700; margin: 0px; padding: 0px;">Retail</span>: In Bengaluru, Mindtree and Manthan are building their versions of VPA for retailers to help customers make informed shopping decisions. The objective is to inform the individual about the product and influence him/her to buy it. Say, an individual likes a “crunchy” milkshake, the VPA engine will figure out what could be the possible purchase in the store. It may suggest “cookies” or even a “freshly baked pizza at the gourmet bakery”. The only teams that have to be dynamic are store associates and marketing teams serving these real-time offers. All the customer has to do is walk into the store, turn on the retailer’s app and use the voice or text-based assistant. These are high level chatbots that have been built using natural language processing techniques.</div>
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N S Parthasarathy, Executive Vice Chairman of Mindtree, says: “Soon, the customers will want technology to provide outcomes and we have to build these AI-based assistants.”</div>
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These virtual assistants help retailers improve loyalty with tailor-made campaigns. They also help store managers make suggestions to shoppers at the aisle.</div>
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<span style="box-sizing: border-box; font-weight: 700; margin: 0px; padding: 0px;">Manufacturing</span>: VPAs are part of connected factories in Germany where every machine on the shop floor becomes a dashboard on an app. The VPA tracks the performance of all the machines, predicts failures and prescribes the type of maintenance required. The factory manager asks it questions or types out queries to figure out the tasks for each machine and how to rest them when the production cycle changes based on market demand. Recently, TCS tied up with Rolls Royce to build an IoT module with AI, Deep Learning and Machine Learning. In this setting, VPAs will be provided to plant managers and clients (businesses that own planes that run on Rolls-Royce engines) to figure out areas where engine parts may be worn out and how to fix them.</div>
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Ben Story, Strategic Marketing Director at Rolls Royce, says, “This reduces the time to market and brings down the cost.”</div>
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The company, along with TCS, will also work with startups and other firms to figure out Machine Learning and Artificial Intelligence synergies in making real-time data for end-users of Rolls Royce engines.</div>
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“We are using data to discover component life time rate based on usage and to reduce the cost of ownership for clients,” Ben says.</div>
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The same applications can work in the automobile industry. This technology will be part of a $7 billion technology upgrade opportunity in Indian manufacturing by 2020, industry experts say.</div>
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<span style="box-sizing: border-box; font-weight: 700; margin: 0px; padding: 0px;">Logistics</span>: This industry, which is $200 billion in market size, is low on tech and awaiting disruption. Big investments are being made by the likes of Amazon and Flipkart in warehouses. The easiest application that can be provided to truckers is a VPA to understand contracts, find business and also figure out delivery routes.</div>
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LOBB, a real-time delivery truck discovery company, says truckers need technologies that can help them understand delivery schedule and also speak to a bot to understand truck maintenance.</div>
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Jayaram Raju, Co-founder of LOBB, says: “AI is going to disrupt trucking with predictive maintenance and will also help truckers manage the client’s cargo better with virtual assistants.”</div>
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In warehouses, managers can get schedules explained to them by the VPA. Movement of bins and crates can be predicted based on the scheduled ship-ins and ship-outs.</div>
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<span style="box-sizing: border-box; font-weight: 700; margin: 0px; padding: 0px;">Healthcare</span>: VPAs can be used by doctors to dynamically understand patient history while patients can use them to better engage with hospitals and insurance companies. Say, for example, a patient wants to consult a doctor; the entire appointment is made through a VPA. But the software will pull all your insurance details and plug it to the insurance company and the doctor. The doctor can use the VPA to get dashboards on his treatments and appointments. The VPA will tell the doctor that the next patients have put down on the app that they are suffering from acute indigestion or burns. The VPA will create a dashboard of incidents and remedies/therapies suggested over a period of time. This information can be plugged to the hospital ERP to manage the time of its surgeons, specialists and hospital beds better.</div>
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Professor S Sadagopan, Director of IIIT-B, says, “The future is going conversational with real-time data and this benefits healthcare. AI can decide whether the case needs a senior surgeon at the operation table; in 95 percent, of the cases you don’t need a senior surgeon’s presence.”</div>
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<span style="box-sizing: border-box; font-weight: 700; margin: 0px; padding: 0px;">Banks: </span>There is a reason why VPAs are needed in banks, which are behemoths with large staff strength and massive paperwork and duplication of work<span style="box-sizing: border-box; font-weight: 700; margin: 0px; padding: 0px;">.</span></div>
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Badrinath Rao, CEO of Cattleya Technosys, says, “Banks are reducing the size of their branches and opening several virtual bank networks. One can open an account with a virtual agent and you really don’t need people to man the centre.” Cattleya is an IoT company working on automating processes in banks.</div>
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SBI, for example, spends Rs 800 crore every year to just manage JanDan accounts. Imagine VPAs cutting out the paperwork and making bank staff efficient. But for this to happen, banks must integrate their consumer-facing technology on to this form of tech. SBI is investing in several new technologies to make banking go digital. The challenge here is of regulations. But what if a conversational app helped a person open an account or buy an insurance policy from the bank channel? This would be faster, could be done out of any region, and the customer would not need to visit the branch.</div>
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According to Cognizant, the global market for smart virtual personal assistants (SVPAs), or chat bots, is growing exponentially. What was valued at $113 million just two years ago, according to <a href="http://www.transparencymarketresearch.com/chatbot-market.html" rel="nofollow" style="background-color: transparent; box-sizing: border-box; color: #e5002d; margin: 0px; outline: none; padding: 0px; text-decoration-line: none;" target="_blank">Transparency Market Research</a>, is expected to reach nearly a billion by 2024. Furthermore, adoption of popular virtual assistants such as Apple Siri, Amazon Alexa, Google Home and Microsoft Cortana is rapidly approaching <a href="https://techcrunch.com/2017/07/11/siri-usage-and-engagement-dropped-since-last-year-as-alexa-and-cortana-grew/" rel="nofollow" style="background-color: transparent; box-sizing: border-box; color: #e5002d; margin: 0px; outline: none; padding: 0px; text-decoration-line: none;" target="_blank">100 million</a> combined users. These offerings, however, have predominantly appeared in the consumer space for straightforward activities such as booking movie tickets, identifying restaurants, providing sports and weather updates, creating event reminders, texting and calling friends, or playing music.</div>
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In the next step, enterprises come into the picture. SVPAs could schedule meetings, follow up on work-in-progress activities, and carry out daily tasks such as filing timesheets, providing employee instruction, and more. This could lead to significant enhancements to employee collaboration, satisfaction, and ultimately significant cost savings for organisations. In Cognizant’s view, SVPAs are an enterprise disruption waiting to happen.</div>
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Source : https://yourstory.com/2017/11/5-industries-virtual-assistants-hiring/</div>
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Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com1tag:blogger.com,1999:blog-4281865910897222505.post-86360758314761587422017-11-20T06:30:00.001-08:002017-11-20T07:33:47.172-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal">
<span style="font-size: large;"><b>The LOBB Story: Bringing Digital experience and efficiency in to Logistics</b></span><br />
<b><span style="font-size: large;"><br /></span></b></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0cm;">
A year ago
Bhaskar Bonepalli, a veteran agent of the logistics industry, would be troubled
with calls throughout the day to arrange trucks to meet requirements of
operators. He often had to call these truckers and head to the truck stop in
Hoskote, where he is located, to arrange trips. Entered LOBB, the <span style="text-align: justify;">two year old startup, which went ahead and took away the headache of physical discovery of business from operators. Today Bhaskar sits at home and he knows how many logistics companies or operators require trucks and he absolutely knows how many trucks in his network are available. LOBB is an acronym for Logistics Business to Business. It is a technology company that brings truckers, agents,</span><span style="text-align: justify;">logistics companies and businesses all under one platform where there is seamless integration of business and flow of money.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
The logistics company puts in its request on LOBB and this
information is available to agents who immediately provision a certain numbers
of trucks. From there on LOBB pays the truckers an advance and provide them
details of the shipment and the destination for dropping the cargo off. This
system makes everyone in the ecosystem agree upon a price and service. The
trucker gets his money and also has a diesel card, which allows him to redeem
for fuel in any HP bunk across PAN India. Being a powerful tool it
has now more than 10000 truckers on its platform along with more than 200 large
companies integrated on the platform. “My asset utilisation has increased thanks to the company,”
says Bhaskar Bonepalli, who owns Bhavya Roadlines.<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://1.bp.blogspot.com/-ifPw9mn56KU/WhLmyqVDp6I/AAAAAAAAP_Q/Xa9z-h3IILIZZCXCeQPxMHfdvkUuo6ADwCLcBGAs/s1600/LOBB%2Bcustomers%2Bexp.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="210" data-original-width="417" height="200" src="https://1.bp.blogspot.com/-ifPw9mn56KU/WhLmyqVDp6I/AAAAAAAAP_Q/Xa9z-h3IILIZZCXCeQPxMHfdvkUuo6ADwCLcBGAs/s400/LOBB%2Bcustomers%2Bexp.PNG" width="400" /></a></div>
<br /></div>
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<b>What can LOBB do for
you?<o:p></o:p></b><br />
<b><br /></b></div>
<div class="MsoNormal">
It is estimated that India spends 13 percent of its GDP on
logistics. This is a very high number because globally in a developing economy
the logistics cost is around 8 percent. The Indian number is very high because
of the lack of transparency in the ecosystem.</div>
<div class="MsoNormal">
Shivkumar, Head of
South Region, for Inland Logistics in Chennai says that with LOBB’s app there
has been absolute price transparency and availability of business. “I always
found trucks serving us through their ecosystem and they help a company like us
who are in constant need of trucks to move items,” he says. The availability on
a real time basis is made possible only because there are a number of agents
who have taken to this system because their asset utilisation has increased and
they want to receive money digitally.<br />
<br />
<div class="MsoNormal">
Thingal, the manager of fleet company VR links, agrees with
Bhaskar. He says “Truck utilisation, transparency and digital payments are key
features of LOBB. They are a very disruptive company” </div>
</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Today LOBB has all its agents receiving money through NPCI’s
BHIM app, which makes the </div>
system accountable. If you ask the LOBB founder Venu Kondur and Jayaram Raju
about their journey to make this system go digital, they will tell you that
they addressed the problem by figuring out the pain points in the entire
ecosystem. The pain points were:<br />
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
For the trucker: It was to increase asset utilization.</div>
<div class="MsoNormal">
For the Agent: It was to increase revenues with asset
utilization.</div>
<div class="MsoNormal">
For the operators: It was to provide timely trucks.</div>
<div class="MsoNormal">
For companies: It was to ensure price efficiency and digital
transparency across the system.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
“We had to integrate all these processes on to our system,”
says Jayaram Raju. He says that they have even been able to decrease graft in
the system. With LOBB
putting the entire system together there is absolute information symmetry.
Today the company has grown 20X in last 10 months and is already making a dent in the logistics ecosystem in trucking centres
across south India. </div>
<div class="MsoNormal">
<br /></div>
With 90 percent of Indian logistics being disorganised, LOBB
is definitely a refreshing model that can map consumption and
demand through trucking trips, and has the potential to scale up soon.
Now, only time will tell if the truckers and agents take to using this
technology. </div>
Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com1tag:blogger.com,1999:blog-4281865910897222505.post-43522258524001327012017-11-06T02:33:00.001-08:002017-11-06T02:33:35.529-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: white; color: rgba(0, 0, 0, 0.7); font-family: "Source Sans Pro", Helvetica, Arial, sans-serif, "Hiragino Kaku Gothic Pro", Meiryo, "Hiragino Sans GB W3", "Noto Naskh Arabic", "Droid Arabic Naskh", "Geeza Pro", "Simplified Arabic", "Noto Sans Thai", Thonburi, Dokchampa, "Droid Sans Thai", "Droid Sans Fallback", -apple-system, ".SFNSDisplay-Regular", "Heiti SC", "Microsoft Yahei", "Segoe UI"; font-size: 15px; white-space: pre-wrap;"><b>One Year after Demonetisation, 100% Cashless Transactions@LOBB</b></span><br />
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SMBs exorcise the demonetisation demon, make a slow comeback</h1>
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<em style="box-sizing: border-box; margin: 0px; padding: 0px;">A year ago, SMBs were reeling under demonetisation. However, a normal monsoon and with the hope of the RBI lowering interest rates, SMBs expect higher consumption and a rise in industrial production to weather the storm.</em></div>
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When Prime Minister Narendra Modi made his surprise televised address a few days after Diwali last year, Indians were caught completely unawares. The Indian government said demonetisation was a move to crack down on black money and tax evasion, but it made life very tough for the <a href="https://yourstory.com/author/vishal-krishna/" style="background-color: transparent; box-sizing: border-box; color: #e5002d; margin: 0px; outline: none; padding: 0px; text-decoration-line: none;" target="_blank">common man</a>. The decision that Rs 500 and Rs 1,000 notes would cease to be legal tender led to a situation where one billion Indians had to make do with very little money for at least five months.</div>
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The RBI, in its annual report, said Rs 15.28 lakh of these high-value bills had come back to the system and that this represented close to 98.75 percent of the total money in circulation in such bills.</div>
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While the <a href="https://yourstory.com/2017/09/digital-economy-innovation-way-ahead-startups/" style="background-color: transparent; box-sizing: border-box; color: #e5002d; margin: 0px; outline: none; padding: 0px; text-decoration-line: none;" target="_blank">government</a> says it has been successful in flushing out fake currency with this move, what has been the socio-economic impact of demonetisation?</div>
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Chandra Mohan Grover, Co-founder of IBSFintech, says: “We must understand two things here. It affected the economy in the short run and impacted the common man.” IBSFintech works with banks and corporates to manage their treasury management systems.</div>
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“But,” he adds, “It’s a decision that sent a strong signal to the world that India was heading towards increasing the tax net and focus on digitisation.”</div>
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So what impact did it have on the common man and small stores or mom-and-pop retailers?</div>
<figure class="wp-caption aligncenter" id="attachment_246529" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 1px solid rgb(240, 240, 240); box-sizing: border-box; height: auto; margin: 5px auto; max-width: 100%; padding: 5px 3px 10px; text-align: center; width: 798px;"><img alt="" class="wp-image-246529 size-full" height="434" src="https://d28dwf34zswvrl.cloudfront.net/wp-content/uploads/2017/01/1.jpg" style="border: 0px none; box-sizing: border-box; height: auto; margin: 0px; max-width: 100%; padding: 0px; vertical-align: middle; width: auto;" width="798" /><figcaption class="wp-caption-text" style="box-sizing: border-box; color: #9a9a9a; font-size: 0.95rem; line-height: 1.25rem; margin: 10px 0px; padding: 0px;">(Photo: K Venkatesh)</figcaption></figure><div style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin-bottom: 30px; margin-top: 30px; padding: 0px;">
Saleem Mohammed, a small department store retailer in Vasanthnagar, says, “We did not suffer as much as our distributors did.” He says he offered people credit, customers began to purchase in small ticket sizes, FMCG companies began discounting stock and distributor margins were impacted.</div>
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According to Ernst&Young, there are 600,000 distributors and 12 million mom-and-pop retailers in India.</div>
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The small and medium-sized enterprise (SME) sector is a big chunk of the Indian economy, contributing to 8 percent of the GDP while employing more than 80 million people year on year.</div>
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<span style="box-sizing: border-box; margin: 0px; padding: 0px;">How did demonetisation affect distributors?</span></h2>
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The major mistake that distributors made last year during demonetisation was that they put all their money back into the banking system.</div>
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Lalit Bhise, co-founder of Mobisy Technologies, a technology platform that works with 25,000 distributors, says: “Although it was a good thing that they put back cash in the system, they ordered a lot more in the same period and could not sell product, which became the issue. It was a pure case of inventory being built up and they struggled for four months.”</div>
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The impact on business was in the margins. The distributor ecosystem makes a net margin of 1 percent and a gross margin of not more than 3 percent. Without cash, several of them began to wait out with their savings and this affected several distributors in offloading stock at minute <a href="https://yourstory.com/2017/10/kannur-based-startup-articbot-bets-big-machine-learning/" style="background-color: transparent; box-sizing: border-box; color: #e5002d; margin: 0px; outline: none; padding: 0px; text-decoration-line: none;" target="_blank">margins</a>.</div>
<figure class="wp-caption aligncenter" id="attachment_246506" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 1px solid rgb(240, 240, 240); box-sizing: border-box; height: auto; margin: 5px auto; max-width: 100%; padding: 5px 3px 10px; text-align: center; width: 800px;"><img alt="" class="wp-image-246506 size-full" height="363" src="https://d28dwf34zswvrl.cloudfront.net/wp-content/uploads/2017/01/DSC_2846-2.jpg" style="border: 0px none; box-sizing: border-box; height: auto; margin: 0px; max-width: 100%; padding: 0px; vertical-align: middle; width: auto;" width="800" /><figcaption class="wp-caption-text" style="box-sizing: border-box; color: #9a9a9a; font-size: 0.95rem; line-height: 1.25rem; margin: 10px 0px; padding: 0px;">Demonetisation and long queues. (Photo: K Venkatesh)</figcaption></figure><div style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin-bottom: 30px; margin-top: 30px; padding: 0px;">
Details provided by SnapBizz, which collected data from over 2000 small stores, reveal the impact on consumer offtake:</div>
<ul style="box-sizing: border-box; margin: 0px; padding: 0px 0px 0px 20px;">
<li style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; list-style: disc; margin: 0px 0px 15px; padding: 0px;">There was a 25 percent decline in the offtake by consumers in 2 weeks’ post demonetisation.</li>
<li style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; list-style: disc; margin: 0px 0px 15px; padding: 0px;">Some cities were affected more than others. Mumbai and Delhi saw a sharp decline (to the tune of 31 percent) vs Bangalore that saw a decline to the tune of 18 percent.</li>
<li style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; list-style: disc; margin: 0px 0px 15px; padding: 0px;">Non-essentials like cigarettes, chocolates, dry fruits, baking/ dessert prep, soft drinks and juice concentrates saw a sharp decline in the range of 16 percent to 33 percent.</li>
<li style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; list-style: disc; margin: 0px 0px 15px; padding: 0px;">Categories like baby food, <em style="box-sizing: border-box; margin: 0px; padding: 0px;">masala</em>, staples, oral care and haircare did not see any impact on sales/number of bills.</li>
<li style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; list-style: disc; margin: 0px 0px 15px; padding: 0px;">The following categories saw an increased instance (to the tune of 11 percent) in favour of big pack purchases: Staples like cooking oil, dals and pulses, flour, <em style="box-sizing: border-box; margin: 0px; padding: 0px;">sooji</em>, grains, tea and salt; personal care items like liquid soaps, mouthwash, toothpastes and depilatory aids.</li>
<li style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; list-style: disc; margin: 0px 0px 15px; padding: 0px;">There was an increased instance of consumers buying smaller packs for categories such as cleaning accessories, creams and lotions, desserts, face wash and health drinks (personal care items). The percentage shift from large packs to small packs was 23 percent.</li>
<li style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; list-style: disc; margin: 0px 0px 15px; padding: 0px;">Few categories saw purchases moving from branded products to unbranded/loose items. This could be due to retailers giving credit and hence pushing high-margin unbranded/loose items. These include</li>
</ul>
<ol style="box-sizing: border-box; margin: 0px 0px 10px; padding: 0px 0px 0px 20px;">
<li style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin: 0px 0px 15px; padding: 0px;">Snacks – 12 percent</li>
<li style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin: 0px 0px 15px; padding: 0px;">Cooking oil – 8 percent</li>
<li style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin: 0px 0px 15px; padding: 0px;">Dals and pulses – 23 percent</li>
<li style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin: 0px 0px 15px; padding: 0px;"><em style="box-sizing: border-box; margin: 0px; padding: 0px;">Masalas</em> – 11 percent</li>
<li style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin: 0px 0px 15px; padding: 0px;">Tea – 24 percent</li>
</ol>
<ul style="box-sizing: border-box; margin: 0px; padding: 0px 0px 0px 20px;">
<li style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; list-style: disc; margin: 0px 0px 15px; padding: 0px;">Deodorants, pickles, noodles/pasta, hair colours had very low offtake during this time period and this was consistent across cities.</li>
</ul>
<h2 style="box-sizing: border-box; color: #090c11; font-family: Montserrat, sans-serif; font-size: 1.5rem; line-height: 1.75rem; margin: 10px 0px; padding: 0px;">
<span style="box-sizing: border-box; margin: 0px; padding: 0px;">The current scenario</span></h2>
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Rahul Garg, the founder of Moglix, a B2B e-commerce store that works with medium-sized <a href="https://yourstory.com/2017/10/4-indian-industries-immediate-reskilling-ai/" style="background-color: transparent; box-sizing: border-box; color: #e5002d; margin: 0px; outline: none; padding: 0px; text-decoration-line: none;" target="_blank">businesses</a>, says that the cash economy was hit for three months. “Several wholesalers who had parallel books were impacted. The good part is we have been able to onboard several of them to go digital and most importantly the government made a strong policy that evasion of tax is no longer going to be easy,” says Rahul Garg. He adds that demonetisation was a short-term problem and that it hurt the economy for two quarters. “Along with the GST there has been a push to go digital and it impacts us all in the short run. But, it is a long-term vision for tax reforms in the country,” he says.</div>
<div style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin-bottom: 30px; margin-top: 30px; padding: 0px;">
Almost a year after demonetisation, how are things in shops and stores, and with consumers?</div>
<ol style="box-sizing: border-box; margin: 0px 0px 10px; padding: 0px 0px 0px 20px;">
<li style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin: 0px 0px 15px; padding: 0px;">The median of number of items purchased in a <a href="https://yourstory.com/2016/12/startup-india-a-year-on/" style="background-color: transparent; box-sizing: border-box; color: #e5002d; margin: 0px; outline: none; padding: 0px; text-decoration-line: none;" target="_blank">basket</a> in both digital payment and cash stores has returned to normalcy.</li>
<li style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin: 0px 0px 15px; padding: 0px;">The basket size immediately after demonetisation had declined by 16 percent and fell further by 19 percent in the week after for stores using only cash mode of sales. However, by the third week, the basket size grew by 6 percent and returned to normalcy by March 2018.</li>
<li style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin: 0px 0px 15px; padding: 0px;">The median basket size in stores enabled for digital transactions saw a six percent decline and 11 percent decline in the two weeks after demonetisation. In the current week, the trend remains the same with a one percent change.</li>
<li style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin: 0px 0px 15px; padding: 0px;">There seems to be more cash circulating in the market and being spent at stores now.</li>
</ol>
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Jayaram Raju K, the founder of LOBB, a tech platform for truckers and brands, says: “The good part is that several B2B companies such as logistics, which supply to the wholesale retailing industry, managed to go digital.”</div>
<div style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin-bottom: 30px; margin-top: 30px; padding: 0px;">
The logistics industry is 90 percent cash-driven and demonetisation had an impact on the lives of the drivers. It took six months for the logistics industry to bounce back, since consumption began to grow since April 2017. However, truckers began to benefit as companies started transferring money digitally.</div>
<div style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin-bottom: 30px; margin-top: 30px; padding: 0px;">
“Today we have ensured 100 percent of our transactions are digital,” Jayaram says.</div>
<h2 style="box-sizing: border-box; color: #090c11; font-family: Montserrat, sans-serif; font-size: 1.5rem; line-height: 1.75rem; margin: 10px 0px; padding: 0px;">
<span style="box-sizing: border-box; margin: 0px; padding: 0px;">A cashless economy</span></h2>
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Lobb has grown from just $0.5 million annual rate of return in December to $12 million ARR in 10 months. Jayaram adds that transporters and truckers are able to transact using BHIM (UPI) and net banking smoothly.</div>
<div style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin-bottom: 30px; margin-top: 30px; padding: 0px;">
“This has improved overall efficiency in the system,” Jayaram says.</div>
<div style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin-bottom: 30px; margin-top: 30px; padding: 0px;">
Overall, the logistics industry has turned to a cashless economy. Drivers are carrying ATM cards and smartphones to do digital transactions, and are using FASTAG technology for Digital Toll Payments.</div>
<div style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin-bottom: 30px; margin-top: 30px; padding: 0px;">
Credit rating agency Crisil in a report said the economy slowed to 5.7 percent because of demonetisation, but was going to bounce back because of good monsoons and consumption remaining steady. Crisil said a normal monsoon, lower interest rates (expected because of excess liquidity in the banking system) and implementation of the Seventh Pay Commission will increase consumption.</div>
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Industrial production has grown by 1.17 percent when compared to a negative growth in December 2016.</div>
<div style="box-sizing: border-box; color: #5c5c5c; font-size: 1.25rem; line-height: 1.875rem; margin-bottom: 30px; margin-top: 30px; padding: 0px;">
With these bright portents, India may recover from the demonetisation and GST setbacks in the coming quarters and tread the growth path.</div>
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Source : https://yourstory.com/2017/11/one-year-demonetisation-smbs-slow-comeback/<br />
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Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com8tag:blogger.com,1999:blog-4281865910897222505.post-42054611635052003512017-10-27T00:09:00.000-07:002017-10-27T00:09:14.140-07:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-weight: normal;">New version of LOBB TRUCK App Just click to recharge using UPI payment app. It is simple, easy and user friendly.</span></h2>
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Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com0tag:blogger.com,1999:blog-4281865910897222505.post-4055895770096620982017-09-01T07:56:00.002-07:002017-09-01T07:56:48.953-07:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-size: large;"><span style="color: orange;">LOBB</span> - Digital Freight Market Place. It is intercity B2B Tech Platform, connects truckers and transporters. </span><br />
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Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com0tag:blogger.com,1999:blog-4281865910897222505.post-15654089304735763802017-09-01T07:52:00.002-07:002017-09-01T07:52:11.044-07:00<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="https://internetofbusiness.com/ecommerce-giant-alibaba-opens-chinas-smartest-warehouse/">Robot Controlled WareHouse- Alibaba</a><br />
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Ecommerce giant Alibaba opens ‘China’s smartest warehouse’</h1>
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By <a href="https://internetofbusiness.com/author/jesst/" style="background: transparent; box-sizing: border-box; color: #222222; font-weight: 700; text-decoration-line: none !important;">Jessica Twentyman</a> -</div>
<span class="td-post-date" style="box-sizing: border-box; display: inline-block; margin-right: 3px;"><time class="entry-date updated td-module-date" datetime="2017-08-25T11:41:24+00:00" style="box-sizing: border-box; font-family: "Varela Round";">August 25, 2017</time></span></div>
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<figure style="box-sizing: border-box; margin: 0px;"><img alt="Ecommerce giant Alibaba launches china's smartest warehouse" class="entry-thumb td-animation-stack-type0-1" height="360" src="https://internetofbusiness.com/wp-content/uploads/2017/08/20170713112105_35919-640x360.jpg" style="border: 0px; box-sizing: border-box; display: block; height: auto; margin-bottom: 0px; max-width: 100%;" title="20170713112105_35919" width="640" /><figcaption class="wp-caption-text" style="box-sizing: border-box; font-size: 11px; font-style: italic; line-height: 17px; margin: 4px 0px 17px; text-align: right; z-index: 1;">(Credit: www.geekplus.com.cn)</figcaption></figure></div>
<div class="at-above-post addthis_tool" data-description="Cainiao, the logistics arm of ecommerce giant Alibaba, has announced the launch of operations at its new smart warehouse in Huiyang, China." data-title="Ecommerce giant Alibaba opens ‘China’s smartest warehouse’ - Internet of Business" data-url="https://internetofbusiness.com/ecommerce-giant-alibaba-opens-chinas-smartest-warehouse/" style="box-sizing: border-box; clear: both;">
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<div style="box-sizing: border-box; color: #222222; line-height: 24px; margin-bottom: 24px;">
<em style="box-sizing: border-box;">Cainiao, the logistics arm of Chinese ecommerce giant Alibaba, has announced the official launch of operations at its new smart warehouse in Huiyang, Guongdong province.</em></div>
<div style="box-sizing: border-box; color: #222222; line-height: 24px; margin-bottom: 24px;">
<span style="box-sizing: border-box;">According to Alibaba, it’s home to the largest population of mobile robots in China. There are over 100 AGVs (automated guided vehicles) in the warehouse, which occupies approximately 3,000 square metres.</span></div>
<div style="box-sizing: border-box; color: #222222; line-height: 24px; margin-bottom: 24px;">
<span style="box-sizing: border-box;">Equipped with WiFi and self-charging, these robots are responsible for moving goods around. </span><span style="box-sizing: border-box;">Looking not unlike a larger version of the Roomba robot vacuum cleaner, the AGVs can travel at speeds of up to 1.5 meters (5 feet) per second and carry up to 600 kilos at one time.</span></div>
<div style="box-sizing: border-box; color: #222222; line-height: 24px; margin-bottom: 24px;">
<span style="box-sizing: border-box;">Cainiao currently offers same-day and next-day delivery services to more than 1,000 regions in China. When a shopper places an order on Alibaba’s Tmall shopping site, an AGV is activated in the Huiyang warehouse. It locates an ordered item in the warehouse and transports it to a human warehouse clerk, who assembles and ships orders to customers.</span></div>
<div style="box-sizing: border-box; color: #222222; line-height: 24px; margin-bottom: 24px;">
<span class="embed-youtube" style="box-sizing: border-box; display: block; text-align: center;"><iframe allowfullscreen="true" class="youtube-player" height="390" src="https://www.youtube.com/embed/bvEzDNxj7hA?version=3&rel=1&fs=1&autohide=2&showsearch=0&showinfo=1&iv_load_policy=1&wmode=transparent" style="border-style: initial; border-width: 0px; box-sizing: border-box; height: 360px;" type="text/html" width="100%"></iframe></span></div>
<div style="box-sizing: border-box; color: #222222; line-height: 24px; margin-bottom: 24px;">
<strong style="box-sizing: border-box;">Read more: <a href="https://internetofbusiness.com/tennplasco-robotics-human-labor/" rel="bookmark noopener" style="background: transparent; box-sizing: border-box; color: #ff675b; text-decoration-line: none !important;" target="_blank" title="Tennplasco recruits collaborative robot to fill human labor gap">Tennplasco recruits collaborative robot to fill human labor gap</a></strong></div>
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<span style="box-sizing: border-box; font-weight: 400;">New efficiencies</span></h2>
<div style="box-sizing: border-box; color: #222222; line-height: 24px; margin-bottom: 24px;">
<span style="box-sizing: border-box;">Since the warehouse began operations in July, the company claims that efficiency among its human workers has improved three-fold.</span></div>
<div style="box-sizing: border-box; color: #222222; line-height: 24px; margin-bottom: 24px;">
<span style="box-sizing: border-box;">In a traditional warehouse, Cainiao reckons, a worker might be expected to sort through 1,500 products during a 7.5-hour shift and fetching each item might require them to walk 27,924 steps during that time. “Now, thanks to the mobile robots, the clerk could sift through 3,000 products in the same shift, while only taking a significantly fewer 2,563 steps a day,” said the Alibaba Group company in a statement. </span></div>
<div style="box-sizing: border-box; color: #222222; line-height: 24px; margin-bottom: 24px;">
<span style="box-sizing: border-box;">Each mobile robot is equipped with sensors, to avoid collisions, but managing an AGV fleet of this size still comes with challenges, according to Hu Haoyuan, a senior algorithm specialist at Cainiao.</span></div>
<div style="box-sizing: border-box; color: #222222; line-height: 24px; margin-bottom: 24px;">
<span style="box-sizing: border-box;">“The computational difficulty of commanding 100 warehouse robots is much more complicated than instructing ten robots,” he said, explaining that collisions aside, there is also a need to optimize efficiency and minimize traffic congestion.</span></div>
<div style="box-sizing: border-box; color: #222222; line-height: 24px; margin-bottom: 24px;">
<span style="box-sizing: border-box;">When fully charged, each AGV can work for eight hours straight. When its battery gets low, it automatically finds its way to a socket and recharges itself.</span></div>
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Source https://internetofbusiness.com/<br />
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Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com0tag:blogger.com,1999:blog-4281865910897222505.post-67590650204506490542017-08-22T08:59:00.001-07:002017-08-22T08:59:13.076-07:00Tech charts the course, but logistics isn’t on road to profitability yet<div style="background-color: white; box-sizing: border-box; color: #5c5c5c; font-family: "Hind Madurai", sans-serif; font-size: 1.25rem; line-height: 1.875rem; margin-bottom: 30px; padding: 0px;">
<em style="box-sizing: border-box; margin: 0px; padding: 0px;">Hankering after customer acquisitions, logistics firms are burning cash by cutting prices and incentivising truckers and agents. The fragmented nature of the business means no firm will make money for the next 10 years.</em></div>
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It is 6.00 am, and over 100 trucks owned by LCM Logistics have queued up at a warehouse owned by Reliance at Peenya Industrial Estate in Bengaluru. T B Subramanya, the founder of LCM, a seven-year-old company, has to manage another 400 truckers associated with his <a href="https://yourstory.com/tag/logistics" style="background-color: transparent; box-sizing: border-box; color: #e5002d; margin: 0px; outline: none; padding: 0px; text-decoration-line: none;" target="_blank">logistics</a>firm and is coordinating with his team to apportion at least 10 deliveries per truck across Bangalore.</div>
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He switches to Kannada to explain why logistics can be such a nightmare.</div>
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“I have to manage my cash cycle by ensuring payments to truckers across 45 days and then make sure I get paid by the corporate. It is a never-ending cycle,” he says. He adds that despite the advent of technology, things come back to brass tacks – collecting cash from the corporate, managing payment cycles of truckers, and paying salaries and rentals on warehouse assets.</div>
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“Get this cycle wrong and this business is not for you. While technology sets all the alerts and charts a course, one cannot control the fragmented nature of this business,” Subramanya says.</div>
<div style="background-color: white; box-sizing: border-box; color: #5c5c5c; font-family: "Hind Madurai", sans-serif; font-size: 1.25rem; line-height: 1.875rem; margin-bottom: 30px; margin-top: 30px; padding: 0px;">
<a href="https://yourstory.com/author/vishal-krishna/" style="background-color: transparent; box-sizing: border-box; color: #e5002d; margin: 0px; outline: none; padding: 0px; text-decoration-line: none;" target="_blank">Technology</a> has enabled Subramanya to track payment cycles; he’s able to get brands to pay up and by doing so, is able to pay these truckers.</div>
<div style="background-color: white; box-sizing: border-box; color: #5c5c5c; font-family: "Hind Madurai", sans-serif; font-size: 1.25rem; line-height: 1.875rem; margin-bottom: 30px; margin-top: 30px; padding: 0px;">
“But who is to say that these brands will honour payments on time? This is a chronic problem in the industry where working capital management is a key issue to survival,” he says.</div>
<figure class="wp-caption aligncenter" id="attachment_236289" style="background: rgb(255, 255, 255); border: 1px solid rgb(240, 240, 240); box-sizing: border-box; color: #0a0a0a; font-family: "Hind Madurai", sans-serif; font-size: 16px; height: auto; margin: 5px auto; max-width: 100%; padding: 5px 3px 10px; text-align: center; width: 800px;"><img alt="" class="size-full wp-image-236289" height="400" src="https://d28dwf34zswvrl.cloudfront.net/wp-content/uploads/2016/11/ATM-Logistics.png" style="border: 0px none; box-sizing: border-box; height: auto; margin: 0px; max-width: 100%; padding: 0px; vertical-align: middle; width: auto;" width="800" /><figcaption class="wp-caption-text" style="box-sizing: border-box; color: #9a9a9a; font-size: 0.95rem; line-height: 1.25rem; margin: 10px 0px; padding: 0px;">Modern Logistics, whose USP is tech, will burn cash because they are still on a customer acquisition spree and payments from clients are delayed.</figcaption></figure><div style="background-color: white; box-sizing: border-box; color: #5c5c5c; font-family: "Hind Madurai", sans-serif; font-size: 1.25rem; line-height: 1.875rem; margin-bottom: 30px; margin-top: 30px; padding: 0px;">
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<h2 style="background-color: white; box-sizing: border-box; color: #090c11; font-family: Montserrat, sans-serif; font-size: 1.5rem; line-height: 1.75rem; margin: 10px 0px; padding: 0px;">
<span style="box-sizing: border-box; margin: 0px; padding: 0px;">The absence of margins</span></h2>
<div style="background-color: white; box-sizing: border-box; color: #5c5c5c; font-family: "Hind Madurai", sans-serif; font-size: 1.25rem; line-height: 1.875rem; margin-bottom: 30px; margin-top: 30px; padding: 0px;">
Subramanya, like others in the business, agrees that tech only allows data capture and tells a business about payment cycles. But unfortunately, margins are a function of operational efficiency in the system and are absent.</div>
<div style="background-color: white; box-sizing: border-box; color: #5c5c5c; font-family: "Hind Madurai", sans-serif; font-size: 1.25rem; line-height: 1.875rem; margin-bottom: 30px; margin-top: 30px; padding: 0px;">
LCM Logistics, a Rs 45-crore company, makes a 7 percent gross margin on its business.</div>
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According to EY, close to a billion dollars has gone into technology-led logistics companies, but unfortunately, all of them are still hankering after customer acquisitions. Like the e-commerce industry, these companies are burning money on the brand side by reducing prices and are incentivising truckers and agents on the service-supply side.</div>
<div style="background-color: white; box-sizing: border-box; color: #5c5c5c; font-family: "Hind Madurai", sans-serif; font-size: 1.25rem; line-height: 1.875rem; margin-bottom: 30px; margin-top: 30px; padding: 0px;">
Mohandas Pai, Managing Director of Aarin Capital, says, “A lot of companies are living off investor money and will take a long time to break even on the B2B side because they are still acquiring customers.”</div>
<div style="background-color: white; box-sizing: border-box; color: #5c5c5c; font-family: "Hind Madurai", sans-serif; font-size: 1.25rem; line-height: 1.875rem; margin-bottom: 30px; margin-top: 30px; padding: 0px;">
The sad part is that once investor money dries up, the industry will have to go back to <a href="https://yourstory.com/2017/08/vishal-sikka-resigns-infosys/" style="background-color: transparent; box-sizing: border-box; color: #e5002d; margin: 0px; outline: none; padding: 0px; text-decoration-line: none;" target="_blank">competing</a> with traditional businesses.</div>
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Naganand Doraswamy, founder of IdeaSpring Capital, says: “The hope by then is to figure out if logistics companies can appreciate technology that can track asset utilisation and provide a way to manage working capital. But the industry is fragmented and startups will face a challenge because collecting money will remain a challenge.”</div>
<h2 style="background-color: white; box-sizing: border-box; color: #090c11; font-family: Montserrat, sans-serif; font-size: 1.5rem; line-height: 1.75rem; margin: 10px 0px; padding: 0px;">
<span style="box-sizing: border-box; margin: 0px; padding: 0px;">The fragmented nature of the industry</span></h2>
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According to the All India Motor Transport Congress, there are close to 12 million trucks in India and about 90 percent of them belong to single-truck owners — small entrepreneurs — in small towns. This is what makes it difficult to integrate technology into their lives.</div>
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In Namakkal, Tamil Nadu, a technology company called LOBB is working with agents to use their technology to manage loads across cities.</div>
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The founders, Venu Kondur and Jayaram Raju, have 8,000 truckers on their platform and have signed up 200 brands on their real-time logistics platform. The platform allows agents to understand movements of trucks from one city to another and book return loads. It also allows agents to manage part-truck and full-truck loads. The platform intends to increase asset (truck) utilisation for agents and drivers and is reducing prices for brands, thanks to the availability of trucks to ship the product to other regions.</div>
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“The fragmented nature of the industry is largely because of the lack of pricing information, per kilometre basis and the tonnage of the vehicle, between all parties. Agents themselves don’t know that they can bring prices down and ensure timely deliveries by increasing truck utilisation,” Jayaram says.</div>
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<span style="box-sizing: border-box; margin: 0px; padding: 0px;">The money-go-around</span></h2>
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The <a href="https://yourstory.com/2017/08/cuberoot-data-business-growth/" style="background-color: transparent; box-sizing: border-box; color: #e5002d; margin: 0px; outline: none; padding: 0px; text-decoration-line: none;" target="_blank">opportunity</a> of changing India has led investors to put in enormous amounts of money to create awareness in the industry. Companies like EComm Express, Delhivery, BlackBuck and Rivigo were some of the companies that cropped up over the last seven years to capture this opportunity of ensuring great service and making pricing transparent.</div>
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The portent that led to a reality was the passage of the Goods and Services Tax, which created a single-point taxation system. Under the new system, the movement of goods across state borders would be faster and investors realised this would change the nature of fragmentation in the industry.</div>
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Investors took a bet that large corporate logistics players like Fedex and DHL would begin to invest in the entire supply chain infrastructure (from cold chain to warehousing to surface transport to shipping) and therefore also work with new-age technology companies organising the industry. However, no one realised that India’s industry, agriculture and manufacturing is catered to by local logistics players who also work with larger brands. The scale is just too big, for the moment, for modern technology (truck, delivery and warehouse utilisation technology) to penetrate across 3,500 <em style="box-sizing: border-box; margin: 0px; padding: 0px;">mandis</em> that serve 600,000 villages and 48 million SMEs spread across 70 clusters across the country.</div>
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<span style="box-sizing: border-box; margin: 0px; padding: 0px;">An eye on the trucking ecosystem</span></h2>
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Investors believe that these modern-day logistics companies will offer quick returns because they can acquire a lot of customers. Profitability is not important for the moment as growth in people using technology is what matters to investors.</div>
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“No wonder the industry is burning money,” Pai says.</div>
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Right now, the scheme of things involves acquiring as many customers (agents, truckers, and brands) on the platform. The older players do not incentivise anyone they work with on realistic pricing.</div>
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For example, a 14-ton-multi-axle full truckload with a 32-feet container from Bangalore to Kolkata costs between Rs 80,000 and Rs 85,000 if a brand worked with a traditional player. A new-age company works on pricing that is 10 percent lower, offers immediate availability of the truck and tracks delivery. Unfortunately, the investor-funded industry is incentivising the trucker and reducing prices for the brand that needs the product to be shipped. This is where the burn is happening. Profitability seems far-fetched because of the high cost of operations, including high salaries, incentives, payments made to truckers without recovering money from the brands and delays in payment by brands.</div>
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<span style="box-sizing: border-box; margin: 0px; padding: 0px;">But there’s a reason…</span></h2>
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However, these <a href="https://yourstory.com/2017/08/iit-kanpur-graduates-pariksha-placement-test/" style="background-color: transparent; box-sizing: border-box; color: #e5002d; margin: 0px; outline: none; padding: 0px; text-decoration-line: none;" target="_blank">new-age companies</a> are onto something big. They are burning cash because they are collecting data to understand the industry and are creating a platform that can simplify the logistics industry. Today, they are ensuring that there is full asset utilisation — full truckloads from point A to B, and also when the truck returns from B to A.</div>
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The logistics industry also has a part truckload system, where several brands are aggregated onto a truck, and products are delivered on a particular route. So if a trucker is driving from Bangalore to Kolkata, there may be drop-off points in Hyderabad and pickup points there too.</div>
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While this works, it will take a long time to become profitable. Investors have to stay invested for a decade or more because 90 percent of the industry is fragmented. Not to forget that <a href="https://yourstory.com/2017/08/startup-reflex-theatre-music-train-leadership/" style="background-color: transparent; box-sizing: border-box; color: #e5002d; margin: 0px; outline: none; padding: 0px; text-decoration-line: none;" target="_blank">Indian businesses</a> tend to work with those offering the lowest pricing and extended credit terms.</div>
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Sources also say truckers work with companies that are incentivising them. In the end, managing cash and acquiring customers will determine valuations.</div>
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Naganand, of IdeaSpring Capital, says, “The industry by itself will not change overnight.”</div>
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Therefore until payment cycles get sorted, at brand level, and incentivising of truckers does not stop there is every chance that modern data logistics companies will not make money in the short run. They need to make sure rentals on their assets, such as warehouses, are low and salary costs do not burn investor equity. But the cash burn will help acquire customers and create processes that will become the blueprint for the future of the industry.</div>
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No wonder companies like Rivigo and BlackBuck have raised large sums of capital. Rivigo has raised $115 million and expect to raise more this year while Blackbuck has already raised $100 million. Both companies are eyeing the trucking ecosystem.</div>
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Then there are companies like Delhivery, which is managing intra-city delivery and handling warehousing as a service. It has raised $257 million and has also invested in companies like Qikpod, Parcelled, Rocketbox and Opinio as they complete last-mile delivery and storage services.</div>
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Rivigo and Blackbuck, apart from their valuations, are increasing their revenues rapidly with these investments. As of the last financial year, they were clocking a run rate of more than Rs 200 crore and Rs 100 crore, respectively. These companies must very play a long-term game to increase revenues and create value or find a suitable large logistics corporate to buy them over.</div>
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There have not been large exits or acquisitions in the Indian logistics industry.</div>
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Ankit Sethia, Founder of HipShip, a Bangalore-based express delivery service platform, says: “Tech can succeed if it enables Indian businesses to discover the right pricing. Tech companies should not acquire physical assets like warehouses and trucks, which is why logistics corporates stay away from the cash burn business and there have not been large acquisitions yet.” The big players who follow an asset light model are Porter in the intra-city play and there is BlackBuck in the full truck-load space.</div>
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<span style="box-sizing: border-box; margin: 0px; padding: 0px;">The deal sizes</span></h2>
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Of the 200-odd logistics startups in the country, only 20 companies have been able to raise large rounds of money. According to YourStory research, logistics only had 28 deals in 2016 and deal sizes were smaller than in 2015. In 2015, ECom Express raised $133 million while Delhivery was able to raise close to $85 million.</div>
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Jones Lang Lasalle pegs the current market size of the industry at $150 billion, expecting it to grow to over 220 billion by 2030.</div>
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Anish Basu Roy, Co-founder of Shotang, a technology-led distribution company, says “One has to work directly with brands to price products cheaper for the retail ecosystem and reduce logistics costs by estimating demand. This is done with technology.”</div>
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<span style="box-sizing: border-box; margin: 0px; padding: 0px;">Helping shape the supply chain strategy</span></h2>
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According to research and consulting firm McKinsey, current wastage because of logistics is 4.3 percent of the GDP; it is expected to go towards 5 percent by 2020. The wastage is because of delays in movement across the country due to scarcity in the number of trucks in the country, tardy payments, no consistency in pricing and lack of good service level agreements.</div>
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Prakash Tulsiani, COO of All Cargo Logistics, a Rs 5,568-crore logistics company, says: “GST will rapidly change the way businesses work on their supply chain and how Indian companies export products. There will be a consolidation of warehouses and manufacturing plants. The business opportunity lies in helping these companies shape their supply chain strategy.”</div>
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The question to ask is whether the likes of DHL or Fedex will acquire Indian logistics startups or fund them. But before these global companies invest in them, there is a need to reduce the cash burn as none of the funded logistics companies are profitable. Investors have stepped in for the sheer size of the market, but one can only speculate whether they are playing to consolidate the industry or create value through innovation.</div>
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Source : Yourstory</div>
Anonymoushttp://www.blogger.com/profile/11529066696410308139noreply@blogger.com2tag:blogger.com,1999:blog-4281865910897222505.post-27791606079859778842017-06-24T00:55:00.002-07:002017-06-24T00:55:57.823-07:00<div dir="ltr" style="text-align: left;" trbidi="on">
GST - Positive Development in Transportation sector<br />
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Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com1tag:blogger.com,1999:blog-4281865910897222505.post-50536480596647933122017-06-09T20:25:00.002-07:002017-06-09T20:25:56.535-07:00<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-size: x-large;">Typical Indian Driver Time Usage on Roads</span><br />
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Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com1tag:blogger.com,1999:blog-4281865910897222505.post-35560254285376675342017-06-09T02:22:00.000-07:002017-06-09T02:22:02.609-07:00LOBB-ERP Product <div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: white; color: rgba(0, 0, 0, 0.7); font-family: "Source Sans Pro", Helvetica, Arial, sans-serif, "Hiragino Kaku Gothic Pro", Meiryo, "Hiragino Sans GB W3", "Noto Naskh Arabic", "Droid Arabic Naskh", "Geeza Pro", "Simplified Arabic", "Noto Sans Thai", Thonburi, Dokchampa, "Droid Sans Thai", "Droid Sans Fallback", -apple-system, ".SFNSDisplay-Regular", "Heiti SC", "Microsoft Yahei", "Segoe UI"; font-size: 15px; white-space: pre-wrap;">LOBB offers powerful cloud based LMS-ERP product for small and medium size transportation companies to automate entire process from booking to money collections. The product modules are below</span><br />
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Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com14tag:blogger.com,1999:blog-4281865910897222505.post-67689705649964020462017-06-08T02:37:00.001-07:002017-06-08T02:45:35.341-07:00GST- Impact on Transportation<div dir="ltr" style="text-align: left;" trbidi="on">
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A shift to the organised logistics sector, consolidation of warehouses, lower logistics cost and boost to express cargo operators – rating agency ICRA expects all these changes once the Goods and Services Tax (GST) regime kicks in.</div>
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To understand the impact of GST on the logistics sector, BloombergQuint, in its special <em style="box-sizing: border-box;">GST Countdown </em>series, spoke with Subrata Ray, senior group vice-president at ICRA.</div>
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A report, authored by you, makes the case that GST will trigger a shift to the organised logistics sector. Why do you say that?</div>
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Today, the logistics segment is highly fragmented. The primary use of logistics is from the manufacturing sector. First, the goods are sent to warehouses, from warehouses goods go to smaller distributors, and then eventually to the end retailer. The logic of setting warehouses today depends on both the demand aspect as well as the taxation aspect. Because if you are setting up warehouses in a single city, as you transfer the goods to another state, you have to pay additional central sales tax (CST) of 2 percent.</div>
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Currently there is a 2 percent CST applicable for inter-state supply but if a company sets up a warehouse in each state, CST isn’t applicable as transfers between inter-state warehouses are treated as stock transfers,,</div>
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Yes, exactly. So today the major incentive for setting up multiple warehouses across locations, across demand centres is to ensure that you don’t end up paying higher taxes. But post GST as this transfer tax gets subsumed in the overall GST, the economic logic will come into play. We don’t expect consolidation to happen immediately, but over a period of time we expect the number of warehouses to come down. We will have bigger warehouses in a more centralised location. The location of the warehouse will be decided purely by economic considerations and the number of warehouses will come down.</div>
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Can you illustrate how the logistics of transporting goods will change once GST kicks in?</div>
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In the pre-GST regime, if a manufacturer is located in one state, he sets up warehouses in multiple locations in each state; at least definitely in various geographies - central, western, north and south, and also in maybe multiple other states. Now the goods are transported by the manufacturers to warehouses and then from warehouses to distributors and retailers further down. Typically, the transportation would happen through a full truckload system from the manufacturer to warehouses, and then from warehouses to distributors and retailers in less than truckload format by the subsequent transportation house.</div>
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Post the implementation of GST, we expect the number of warehouses to get consolidated eventually to one or two large warehouses. So the number of warehouses will come down. At the same time, the quantum of goods that is getting transported will increase significantly. So, a single warehouse will handle a larger quantum of input. So effectively, you’ll have much bigger trucks and possibly carrying over a longer distance between manufacturer to warehouses. So, we will see higher tonnage trucks being used and we will also see operating efficiencies coming in from scale economics.</div>
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From warehouses to distributors and retailers, the chain will become wider because now from a single warehouse, the goods will get distributed to many distributors. So this segment can be handled depending on the type of goods or the nature of goods by less than truckload or full truckload; distributor to retailer would be obviously less than truckload format.</div>
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How is this choice of full truckload and less than truckload made by manufacturers and how will it change post GST?</div>
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Ideally, trucks would like to operate in a full truckload mode. Basically, use the full truck capacity between one location to another because that helps you achieve efficiency.</div>
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So transport more goods in a single trip?</div>
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Yes, but when you are transferring fewer goods, it is not possible to get full truckload. So you’ll be typically using a smaller truck. But even then, it’ll be a less than truckload situation. So, you’ll be transferring truckload, smaller lots, less than truckload between shorter distances. Post GST, the manufacturer to warehouse transportation will get consolidated and the tonnage segment will go up significantly.</div>
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How is it different from what happens today?</div>
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Today, there are multiple warehouses. So, there was distribution of load. In various product categories, one was not able to use very large capacity trucks. And secondly even the distances were smaller. Larger trucks typically give the best operating efficiency when you operate over a longer distance and carry the maximum quantity of goods.</div>
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What factors will determine warehousing strategy of companies?</div>
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The warehouse locations now would be entirely decided by nature of goods, distance from manufacturing plant and economics. We believe there will be a lot more investment in technology. So, you will have larger trucks operating. You will also see that the warehouses will get consolidated. Warehouses will use greater amount of technology in terms of labelling, tracking and other activities. Also, there will be investment in cold chains. So, we expect investment in the logistics segment to move up the value chain and a greater degree of investment in technology.</div>
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How will GST impact express cargo operators, given that tax treatment wise, they will be at par with Goods Transport Agencies or GTAs?</div>
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Currently, there is some difference in terms of taxation. Express cargo operators end up incurring a higher tax rate (15 percent) because of lack of abatement (compared to GTAs at 4.5 percent) . But now, with the input tax credit coming in, the difference will go. So effectively, under GST, the GTA operators and express cargo operators will have the same tax incidence of 5 percent.</div>
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The other aspect of GST that is likely to make transportation of goods efficient is e-way bills. Do you see any challenges in this process?</div>
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One of the biggest operating inefficiencies that creep into logistics is because of check posts. At every check post, if a good is transported between from say Delhi to Chennai, it has to go across multiple check posts and at each check post, there is time spent in clearing goods. The estimate is that the time wasted could be in the range of 20-30 percent. The expectation is that post GST, since number of the state level taxes will come down, the requirement to do border checks will come down too. Additionally, if the e-bill is used properly, in terms of proper digitisation, the time spent at check posts can come down significantly.</div>
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However, there are question marks on operational aspects because the requirement of having check posts or having physical checks hasn’t totally gone away even under GST. So, we have to actually see how it pans out in the implementation phase and if during implementation the actual amount of time spent at check posts continues to be the same, the advantages of introducing GST will be reduced significantly.</div>
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What could be some of the implementation challenges?</div>
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In each e-way bill there will be multiple points which would need to be checked. One is, that at every check post, the person who is checking may not be fully qualified or fully experienced in doing those checks. So if you’re doing a manual check, it may take a lot of time. Two, sometimes there may be trivial variations in the manual entry; so those trivial variations may lead to a hold up or may lead to, as in the past, people paying bribes to get through the check posts. I think the government needs to address such issues. You will have to train the people on the ground on how to use the new system in terms of checking because in the initial months, probably, people may continue to use existing systems.</div>
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Source from: https://www.bloombergquint.com</div>
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Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com5tag:blogger.com,1999:blog-4281865910897222505.post-79011649824377722422017-04-10T22:57:00.000-07:002017-04-10T22:57:36.316-07:00<div dir="ltr" style="text-align: left;" trbidi="on">
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How LOBB is creating information symmetry for lorry drivers and transporters</h3>
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Ramana Gowda makes a living by ferrying vegetables from the mandis of Kolar in south-eastern Karnataka to Hyderabad in neighbouring Telangana in his 15-tonne truck twice a week. He gets his business from a local <a href="https://yourstory.com/tag/logistics/" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; box-sizing: border-box; color: #e5002d; margin: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank">transport </a>agent, who, in turn, is contacted by the transport company entrusted by the retailer with the delivery of vegetables to Hyderabad.</div>
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In this entire chain of picking up produce from the <em style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px;">mandi</em> and and their delivery to the retailer, only the agent makes money, netting about 15 percent of the delivery cost, while the driver makes only 10 percent and the rest is made by the transport company. The cost of one-way 550km trip is Rs 20,000, and this weighs heavily on those involved in the trade partly because the truck returns empty. The chain is only responsible for one-way trip. On his way back, Ramana contacts an agent in Hyderabad for a payload for Kolar, but this seldom happens.</div>
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The cost per km works out to Rs 30 as the vehicle returns empty or is halting for long periods during the trip. Now, here is the twist–the retailer either has to mark up the price of the product to take into account the high price of logistics, in an endeavour to make a profit, or he has to bear the loss by marking it down, because it is a category that brings footfalls to the shop. Now, some of you may be wondering how these costs can be brought down.</div>
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Enter SaaS startup Lorry Business to Business, or LOBB, which provides truck availability information, by region and markets, to transporters, agents and truckers. Using the information provided by LOBB, drivers like Ramana could charge as little as Rs 27 per km for the trip for forward and return journeys.</div>
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The <a href="https://yourstory.com/2017/04/dr-gurushankar-meenakshi-mission-hospital/" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; box-sizing: border-box; color: #e5002d; margin: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank">founders</a>, 49-year-old Jayaram Raju and 40-year-old Venu Kondur have built a system that captures data of consumption and markets, making it easier for lorry owners, transporters and agents to book loads across regions.</div>
<figure class="wp-caption aligncenter" id="attachment_267814" style="background: rgb(255, 255, 255); border: 1px solid rgb(240, 240, 240); box-sizing: border-box; margin: 5px auto; max-width: 96%; outline: 0px; padding: 5px 3px 10px; text-align: center; width: 800px;"><img alt="" class="size-full wp-image-267814" height="400" src="https://d152j5tfobgaot.cloudfront.net/wp-content/uploads/2017/04/LOBB.jpg" style="background: transparent; border: 0px none; box-sizing: border-box; height: auto; margin: 0px; max-width: 100%; outline: 0px; padding: 0px; width: auto;" width="800" /><figcaption class="wp-caption-text" style="background: transparent; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px;">Founders of LOBB Jayaram Raju and Venu Kondur</figcaption></figure><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin-top: 30px; outline: 0px; padding: 0px;">
As we speak, the two founders are in Nammakal and Madurai in Tamil Nadu, speaking to truckers and associations in the region about the merits of using technology to increase their revenues. "Each day, trucks leave for Bengaluru and Chennai with full truckloads from these regions, and come back empty," says Jayaram, Co-founder of LOBB. He adds that this is the reason users ended up paying for a two-way trip instead of just for one leg of the journey. This is a problem across India, as 90 percent of the country's logistics is fragmented.</div>
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This became a problem statement for them, and the duo went about solving it with great enthusiasm and drive. They were in a good position to address the issue, with both coming from technical backgrounds and having worked in <a href="https://yourstory.com/read/8e850ede47-cracking-logistics-as-a-service-code-" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; box-sizing: border-box; color: #e5002d; margin: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank">logistics</a>, thus having an understanding of the problems faced by the industry.</div>
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India's logistics costs are the highest, at 13 percent of the product’s value, compared to only 6 percent in countries like the US. The US, however, is a different business altogether, with its supply chain largely tied to hyper markets or large 50,000 sq ft stores supported by manufacturers. In India, meanwhile, the story is very unique, thanks to its signature mix of small stores, small businesses, distributors, medium-sized manufacturing firms, and small land holdings.</div>
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The inefficiency in the chain exists because of the fragmented nature of information exchange between the stakeholders. This whole segment is not in to financial inclusion and runs primarily on cash. Team LOBB is trying to get this 13 percent logistics cost, which is cash driven, in to the digital digital banking channels and thus increasing the tax net in the country. Ankit Sethia, Founder of <a href="https://yourstory.com/2016/10/hipship-ankit-sethia/" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; box-sizing: border-box; color: #e5002d; margin: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank">Hip Ship</a>, says,</div>
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"When you distribute in India, what is missing is information and adoption of technology. Now, if one solves this, then there is a business for all parties concerned."</div>
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"Distribution in India is local for local, and is very unique. You cannot remove incumbents, but what you can do is convince them that the use of technology increases their margin," says Anish Basu Roy, Founder of <span class="profiles_highlight" data-domain="shotang.com" data-primary-role="COMPANY" style="background: rgba(232, 146, 151, 0.247059); border-radius: 3px; border: 0px; box-sizing: border-box; cursor: pointer; margin: 0px; outline: 0px; padding: 0px;">Shotang</span>.</div>
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Now, this is where LOBB is unique. It works with lorry associations that have 8.5 million truckers on their roles.</div>
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<strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px;">The early days </strong></h2>
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Jayaram started off in rural Andhra, and his early days have played a key role in shaping his ambitions today. "I had to walk five kilometres to school every day, and was in a Telugu medium school," he says. He says that being a farmer's son, he understood the way the agri industry worked. Through sheer hard work, Jayaram went away to the US and became a server side engineer in Fujitsu Consulting and Horace Mann. Although he became a US citizen, he returned to India in 2010 and joined the company True Logistics in 2011, setting up their technology architecture. He also worked closely with lorry owners, and it was at this time that he realised there was a problem in the industry - information asymmetry.</div>
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He jotted down the idea, and began looking at ways to begin the business. That's when he met Venu Kondur at a family function in June 2014. The two of them, childhood friends, became deeply intrigued with the idea of building a dynamic platform for truckers, transporters, brands, and agents. "We even believed that we could create the <span class="profiles_highlight" data-domain="redbus.in" data-primary-role="COMPANY" style="background: rgba(232, 146, 151, 0.247059); border-radius: 3px; border: 0px; box-sizing: border-box; cursor: pointer; margin: 0px; outline: 0px; padding: 0px;">redBus</span> of logistics, and that's how we built the company," says Venu.</div>
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Venu was a programmer in several software services companies, and had served stints in companies like Dell as well and was in the leadership team at Fidelity Information Services.</div>
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The two registered the company in January 2015, and began to build the architecture that could support the <a href="https://yourstory.com/2016/10/pickrr-raises-pre-series-a-funding/" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; box-sizing: border-box; color: #e5002d; margin: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank">ecosystem</a>. They went after the lorry owner associations, and signed up over 8,000 trucks, 400 large transporters, and 200 agents.</div>
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LOBB provides an app for the agent and the trucker. The agents have all the truckers on the platform, and when the orders appear for the transporter from the brand, they will select the agent and the trucker offering the lowest trip sheet. But the system does not end there, because once the trip to a destination is decided on, there will also be a load selected for the return trip. "The trucker does not come back empty, and the brand pays only for a single trip, unlike earlier," says Venu.</div>
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The company quickly raised $1 million from friends and family. In 2016, they closed at Rs 11 crore in revenues, which is the gross ride revenues. Today, they are well covered in Karnataka, <span class="profiles_highlight" data-domain="maharashtra.gov.in" data-primary-role="INSTITUTE" style="background: rgba(232, 146, 151, 0.247059); border-radius: 3px; border: 0px; box-sizing: border-box; cursor: pointer; margin: 0px; outline: 0px; padding: 0px;">Maharashtra</span>, Andhra, Telangana, and Tamil Nadu, with plans afoot to go pan-India.</div>
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Of the 8,000 truckers on the platform, around 55 percent use the brand on a regular basis.</div>
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The company takes a small percentage of commission from the agents and the truckers. The only costs for the company lie in convincing the lorry driver associations and agents to use the brand. Modern delivery companies like <span class="profiles_highlight" data-domain="shadowfax.in" data-primary-role="COMPANY" style="background: rgba(232, 146, 151, 0.247059); border-radius: 3px; border: 0px; box-sizing: border-box; cursor: pointer; margin: 0px; outline: 0px; padding: 0px;">Shadowfax</span> and <span class="profiles_highlight" data-domain="rivigo.com" data-primary-role="null" style="background: rgba(232, 146, 151, 0.247059); border-radius: 3px; border: 0px; box-sizing: border-box; cursor: pointer; margin: 0px; outline: 0px; padding: 0px;">Rivigo</span> can in fact use the LOBB platform for inter-city travel. "We are a technology company and work with all companies that handle physical assets," says Jayaram.</div>
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LOBB helps truckers, in Tamil Nadu and Karnataka, identify just-in-time-truck-loads, for agri produce, which resulted in 50 percent better price for them.</div>
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With 90 percent of Indian logistics being disorganised, LOBB is definitely a refreshing model that can map <a href="https://yourstory.com/2016/11/cash-credit-500-1000-rupee-notes-india-wholesale-market-fmcg/" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; box-sizing: border-box; color: #e5002d; margin: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank">consumption and demand</a> through trucking trips, and has the potential to scale up soon. Now, only time will tell if the truckers and agents take to using this technology. Only time will tell how far the Ramana Gowdas of the world adopt this technology, but the beginning seems bright.</div>
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Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com0tag:blogger.com,1999:blog-4281865910897222505.post-4955381542569875612016-11-11T02:26:00.003-08:002016-11-11T02:26:51.236-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: "arial"; font-size: large;"><b>LOBB E-wallet : Support Honorable PM Modi Initiative for Digital India</b></span><br />
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<span style="font-family: "arial";"><span style="background-color: white;"><span style="font-size: 12px;">LOBB offers cashless Transactions to facilitate money transfers from Transporters to Truckers. </span></span></span><br />
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<span style="font-family: "arial";"><span style="background-color: white;"><b>Also offer HPCL Diesel Card and FASTAG for Cashless Toll Payments</b></span></span><br />
<span style="font-family: "arial";"><span style="background-color: white;"><span style="font-size: 12px;"><br /></span></span></span><img alt="Image result for hpcl drive track" 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" /><img alt="Image result for fastag" 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" 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<span style="background-color: white; color: #333333; font-family: Lato, sans-serif; font-size: 18px;">Lobb is an e-commerce platform for the trucking industry. It helps truckers and transporters to do business transactions in a more transparent, efficient and profitable manner ensuring a much better experience for all parties concerned OR for all stakeholders.</span><br />
<span style="background-color: white; color: #333333; font-family: Lato, sans-serif; font-size: 18px;"><br /></span>
<b style="background-color: white; box-sizing: border-box; color: #333333; font-family: Lato, sans-serif; font-size: 18px;">Let us LOBB together!!</b><span style="background-color: white; color: #333333; font-family: Lato, sans-serif; font-size: 18px;"> </span><br />
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Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com1tag:blogger.com,1999:blog-4281865910897222505.post-39300407322784588382016-11-03T23:02:00.000-07:002016-11-03T23:02:07.692-07:00GST rate structure finalised, panel fixes rates at 5%, 12%, 18% & 28% <div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: arial; font-size: 12px;">NEW DELHI: A 4tier GST tax structure of 5, 12, 18 and 28 per cent, with lower rates for</span><br />
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<span style="font-family: arial;"><span style="font-size: 12px;">essential items and the highest for luxury and demerits goods that would also attract an</span></span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">additional cess, was decided by the all powerful GST Council today. </span></span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">With a view to keeping inflation under check, essential items including food, which presently</span></span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">constitute roughly half of the consumer inflation basket, will be taxed at zero rate. </span></span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">The lowest rate of 5 per cent would be for common use items while there would be two</span></span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">standard rates of 12 and 18 per cent under the Goods and Services Tax (GST) regime</span></span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">targetted to be rolled out from April 1, 2017. </span></span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">Announcing the decisions arrived at the first day of the two day GST Council meeting,</span></span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">Finance Minister Arun Jaitley said highest tax slab will be applicable to items which are</span></span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">currently taxed at 3031 per cent (excise duty plus VAT). </span></span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">Luxury cars, tobacco and aerated drinks would also be levied with an additional cess on top of the highest tax rate. </span></span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">The collection from this cess as well as that of the clean energy cess would create a revenue pool which would be used for compensating </span></span><span style="font-family: arial; font-size: 12px;">states for any loss of revenue during the first five years of implementation of GST. </span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">The cess, he said, would be lapsable after five years. </span></span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">Jaitley said about Rs 50,000 crore would be needed to compensate states for loss of revenue from roll out of GST, which is to subsume a</span></span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">host of central and state taxes like excise duty, service tax and VAT, in the first year. </span></span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">The 4tier tax structure agreed to has slight modification to the 6, 12, 18 and 26 per cent slab that were under discussion at the GST</span></span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">Council last month. </span></span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">The structure to agreed is a compromise to accommodate demand for highest tax rate of 40 per cent by states like Kerala. </span></span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">While the Centre proposed to levy a 4 per cent GST on gold, a final decision was put off, Jaitley said.</span></span></div>
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<span style="font-family: arial;"><span style="font-size: 12px;">News Source from <b>ETimes</b></span></span></div>
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Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com0tag:blogger.com,1999:blog-4281865910897222505.post-18649987972618260092016-10-27T09:08:00.000-07:002016-10-27T09:08:03.039-07:00LOBB Operations<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://4.bp.blogspot.com/-scvd4dQiMDs/WBIksV7ebxI/AAAAAAAAMqE/Jn07XfYq3zowHFmtVOzvRAyqr81o_LcbgCLcB/s1600/LOBB.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="176" src="https://4.bp.blogspot.com/-scvd4dQiMDs/WBIksV7ebxI/AAAAAAAAMqE/Jn07XfYq3zowHFmtVOzvRAyqr81o_LcbgCLcB/s320/LOBB.png" width="320" /></a></div>
LOBB is very active in the following cities.<br />
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1) Coimbatore<br />
2) Bangalore<br />
3) Delhi<br />
4) Kolkata<br />
5) Mumbai<br />
6) Chennai<br />
7) Hyderabad<br />
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Interested Truckers and Transporters contact us to register to benefit out of our Technology platform.</div>
Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com0tag:blogger.com,1999:blog-4281865910897222505.post-56287301189190454802016-10-26T04:20:00.002-07:002016-10-27T02:00:19.617-07:00LOBB- Opening Branch in Hyderabad<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://3.bp.blogspot.com/-HzPR4aifL-Q/WBCQ_oWwRZI/AAAAAAAAMpw/0BFDKPWqOCwtURkNEO5us-hBuj2jB13swCLcB/s1600/Hyd.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="236" src="https://3.bp.blogspot.com/-HzPR4aifL-Q/WBCQ_oWwRZI/AAAAAAAAMpw/0BFDKPWqOCwtURkNEO5us-hBuj2jB13swCLcB/s320/Hyd.PNG" width="320" /></a></div>
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<br />
LOBB team has identified Hyderabad as a Strategic location for growth and have decided to open the office to serve other cities from Hyderabad.<br />
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We have job openings across all the levels. Interested candidates can visit our website to reach us.</div>
Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com9tag:blogger.com,1999:blog-4281865910897222505.post-84001720200331013312016-10-26T04:07:00.001-07:002016-10-26T04:08:56.998-07:00Logistic Industry in India<div dir="ltr" style="text-align: left;" trbidi="on">
The Logistics industry is currently a brick and mortar industry, with
multiple truck operators, logistics companies, end customers and brokers
operating in a highly unorganized fashion and has not changed from many years.
The industry comprises of a large number of big and small players. The average
truck owner possesses 3-4 trucks and operates on specific routes.
Intermediaries play a significant role in identifying Truck Operators (TOs) and
liaising between them and transportation companies to source the trucks to end
customers.<span lang="EN-US"><o:p></o:p></span><br />
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TruckCentral solutions/LOBB is floated by Techno functional experts in
transportation domain. The aim of the company is to bring the Truck owners and
Logistic Companies together through an e-commerce platform and organize the
industry. The co-founder mentioned various complexities in transportation
domain in dealing with all the stake holders (namely the trucker, transporter,
end customer and broker). The founders’ domain knowledge on transportation is a
huge strength of the company. They understand the real issues on the ground and
developed the LOBB technology platform which can be easily accessed on the web
and smartphones to manage the business. The huge wave of social networking
platform like facebook and whatsapp is changing Indian consumers’ way of doing
business. For example, bus and flight bookings can be done online with instant
confirmation. The transportation industry is little slow in the process, LOBB
is gearing up to tap huge market of $220 billion dollars with 85 Laks trucks on
Indian roads.<span lang="EN-US"><o:p></o:p></span><br />
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One of the founders, Mr.Jayaram Raju, mentioned, as per market survey,
almost 50% of truckers and drivers are using smart phones, and the technology
adoption rate is growing at the rate of 50% month on month. Lobb is positioned
to take advantage of this technology wave to transform and disrupt the
traditional process. Initially LOBB has entered into long haul transportation,
namely intercity, and has opened office in 7 cities since last December 2015
which covers a significant portion of Indian GDP.<br />
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Once a trucker signs up with LOBB with proper documents, the team would fit
a device in their truck and instantly the truck is online and ready for
business for sourcing. The LOBB booking engine would help transporter to source
the right truck for the requirement. Once deal is closed on sourcing, the truck
is live and available to track and trace to all the parties involved
(transporter, trucker and end customer). This is the major advantage LOBB is
providing apart from business intelligence reports for decision making to improve
the process in a systematic and scientific way. We have over 5 MILLION
footprints for necessary business analysis. <span lang="EN-US"><o:p></o:p></span><br />
<br />
<br />
<div style="margin-bottom: 12.0pt;">
"let's lobb together" and disrupt the
trucking industry that has not seen changes for decades. <span lang="EN-US"><o:p></o:p></span></div>
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Jayaramhttp://www.blogger.com/profile/00260183954350199085noreply@blogger.com1