Supply Chain and Storage expansion can fuel the Cargo Traffic as it hits 12.31M TEUs in FY 2023-24

May 17, 2024 India Shipping News

SINGAPORE : India’s cargo volume, managed by 12 key ports, is increasing rapidly and has reached 12.31 Million TEUs in FY 2023-24, up from 11.39 Million TEUs in FY 2022-23, according to the Ministry of Ports, Shipping, and Waterways.

Jassper Shipping, a prominent player in the global shipping industry, highlights that this impressive development can be credited to various factors, including the ongoing expansion of the nation’s supply chain and storage facilities. Other reasons for growth include the expanding e-commerce industry, increasing domestic consumption, and greater involvement in international markets. It is anticipated that this pattern will persist, with forecasts suggesting even greater amounts of cargo in the upcoming years.

Despite the positive outlook, Jassper Shipping shares certain challenges that need to be addressed in India’s cargo movement.

Key Bottlenecks in Cargo Movement

With decades of experience in international cargo movement, Jassper Shipping observes insufficient infrastructure, lack of storage space, ineffective logistics systems, and outdated handling facilities hinder the smooth flow of cargo. These bottlenecks can also cause delays, higher transportation expenses, and potential product damage. Disruptions are also caused by inappropriate inventory norms, inefficient manpower, lack of supply chain transparency, lack of resource networks, and other factors. It is therefore crucial to enhance and upgrade the supply chain and storage infrastructure to address these challenges and take advantage of the increasing cargo traffic.

How Jassper Shipping Provides Potential Solutions for Efficiency

Jassper Shipping encompasses various aspects of a robust and well-connected supply chain, including:

• Advanced Infrastructure: Jassper Shipping invests in advanced infrastructure like energy-efficient vessels, and IoT integration as it is essential to ensure seamless movement of goods across the country and the globe. Advanced infrastructure features like collision avoidance systems, backup cameras, and blind-spot monitoring can help drivers avoid accidents and keep everyone safe.

• Logistics Network Optimization: Jassper Shipping streamlines logistics operations through automation, digitalization, and integration to significantly reduce turnaround times and optimize costs. Implementing automation tools further helps to prevent fraud, improve transparency, and secure the supply chain from end to end.

• Cold Chain Facility: Jassper Shipping also includes a robust cold chain facility with proper storage and transportation to maintain quality and minimize spoilage of perishable goods. Proper storage facilities help cargo to be kept securely and efficiently before it reaches its final destination

Mr. Pushpank Kaushik, CEO of Jassper Shipping says, “Storage facilities play a vital role in the global supply chain. It ensures shipping goods to the final destination in an optimal condition, making it possible for us to offer better services, occupy a position ahead of competitors, and ultimately enhance customer satisfaction. Since ports act as an interface for seaborne trade movement, most of the major ports in India provide warehousing facilities to their users further fueling the cargo movement.”

How Jassper Shipping is Expanding its Warehousing Facilities?

Jassper Shipping deals in efficient warehousing facilities that provide a secure and safe environment for the storage of goods. These warehouses are well equipped with advanced security systems, such as CCTV cameras, motion sensors, and alarms to prevent theft and damage to goods. In addition, warehouses have climate-controlled environments to regulate temperature, humidity, and ventilation, ensuring that goods are stored in optimal conditions. These modern-day warehousing facilities also provide value-added services such as packaging, labelling, and assembly, enabling businesses to customise their products and services to meet the unique needs of their customers.

How do Supply Chain and Storage Drive Cargo Growth?

The growth of supply chain and warehouse expansion will create a synergistic impact on boosting cargo traffic in India. Mr. Pushpank Kaushik considers that these advancements have the potential to bring about certain advantages, including:

• Modern warehouses equipped with proper security measures can minimise the risk of theft, damage, or loss of cargo.

• Streamlined logistics networks and strategically located warehouses can expedite cargo movement, leading to faster delivery times and improved customer satisfaction.

• A robust supply chain and storage infrastructure will position India as a more competitive player in the global trade landscape, attracting foreign investment and facilitating international trade.

An adequately designed supply chain network and warehouses are essential for the efficient movement of cargo in a booming economy. The continuous growth of India’s supply chain and storage infrastructure offers a promising opportunity to accelerate the growth of industry players like Jassper Shipping and the nation’s economic development. India can enhance its supply chain and storage infrastructure by adopting digitization and focusing on sustainability, thus boosting cargo traffic and positioning itself as a global trade leader.