US-based BDP International has established a new joint venture company in India with local company Unique Global Logistics
The new Mumbai-based subsidiary company - BDP Global Logistics (India) - will target India's expanding chemicals, life sciences, healthcare, retail, telecom and manufacturing industries
BDP operates in more than 120 countries, and is an acknowledged leader is the chemical sector, which accounts for 13-14% of India's total exports and 8-9% of total imports
BDP has a track record of working with the largest chemical and petrochemical companies in the world, and the company expects to benefit from the sector's growth over the next ten years
India-based UGL has an established reputation for providing quality logistics services to some of India's most respected companies, and has strong expertise in the energy sector including oil and gas
BDP has also announced the Indian launch of its revolutionary new technology - BDPSmart Vu -a vendor management tool that provides logistics managers with unparalleled visibility of each stage of an international purchase order
With BDPSmart Vu, importers can globally manage their upstream vendors and suppliers from one central site The technology provides information on the status of purchase orders, including the critical initial stages
An early warning system ensures inaccurate data on handling, shipment contents, classification or inefficient transport decisions is brought to the customer's attention This means the customer can fix the issue before it becomes a problem, so deadlines are kept and no revenue is lost
BDPSmart Vu complements BDP's downstream technology tool, BDPSmart BDPSmart represents the next generation in supply chain management systems - a real-time track, trace and alert tool that provides global visibility and reporting metrics for all supply chain operators through an easy-access and user-customisable portal
DB Schenker Logistics has announced the appointment of Helgi Ingolfsson as its new UK Managing Director with immediate effect.
The losses announced by Hanjin Shipping last week demonstrate the possibility that a period of severe loss for the container operators has begun.
Ryder's latest earnings depict strong growth for the company during 2011.