Current & Waves

I was into a project regarding storage and supply chain . The primary data we needed was to know the movement of commodities and requirement of space. Warehouses are supposed to be the loci in the supply chain, so we started with warehouses.  To know the supply chain better and requirement of storage space we contacted warehouses for data pertaining to it. Only one of 3 warehouses were able to map the movement plan in last 5 years. Most of the warehouses ended up in saying they do not map the requirement of space or movement plans. Data is a backbone for any research so ultimately the research could not be carried out. This incident made us to learn - 1. The warehouses in India has not changed for last 60 years when it comes to operation. 2. Maintenance of records are also on the same track. 3. There is lack of making system efficient through vertical and horizontal field co-ordination. An update and upgrade of working of warehouses is required so that data management should get ea...

Thinking to write new blog. Don't wait just write whatever comes to your mind. Writing is a skill which comes out with constantly writing and composing our thought process. It will develop gradually every time you starts writing. Question is what to write? Write anything of your area of interest. Write what you saw today. Write anything that comes to your mind. Its not necessary to publish your thought everytime. Just keep writing the things that you like. One good habit of writing is to substantiate your thought with data rather talking abstract. This is because data gives more clear picture and it is more admissible to reader than the abstract thoughts. Although here it is not denied that abstract thoughts are ignored but yes to more extent they are less entertained. I dont want to write too heavy to confuse the reader still if you have any question drop as comment. Happy writing.

Warehouse is a place in supply chain where goods sits until information moves them. The importance of warehouse can be ascertained by its origin. It is called necessity is the mother of invention. The warehouse is in fact the second best reason for making human civilize after agriculture. People gradually understood that the life of nomad can be quitted only when there is proper facility of storage. Gradually people worked on it and are continuously developing to make it more efficient and worthy. Current Scenario- India is no different. With civilization the country was pioneer in bringing the idea of storage facilities with various storage structures and techniques. But the development did not match the pace of requirement.  Currently the warehousing is growing at the rate of 10% while the market of warehouse is growing at 35%-40% per annum. The gap between two is very wide. The organized warehouse account for only 15% of total wareho...

Food security bill is a good attempt by the government to ensure food and nutritional security to all. The bill is designed to extend subsidized food to pregnant women and children under the age of 16. The bill will ensure the security to almost 67% of population at the subsidized rate of Rs. 1-3. The eligible population will get 5 kg in total of rice, wheat, pearl millet and sorghum per month. Rice @ Rs. 3/kg, Wheat @ Rs. 2/kg and coarse cereals @ Re 1/kg. Being a nationwide project it will cost from 0.8% to 1.1% of GDP. The government says it will provide 62 million tonnes of food a year under the bill and the size of the subsidy is estimated around $24 billion. Now the population is increasing geometrically, value of currency is declining, inflation is increasing so the operating cost will also increase. These all means more expense on subsidy annually. Down the line viability of this project seems under the banner of question mark. Not only the budget part its implementation ...

Trade isn't about goods. Trade is about information. Goods sit in the warehouse until information moves them.   (Unknown) A  warehouse  is a  commercial building  for storage of  goods . Warehouses are used by  manufacturers ,  importers ,  exporters ,  wholesalers ,  transport  businesses,  customs , etc. They are usually large plain buildings in industrial areas of cities and towns and villages(Source- Wikipedia). This is the simple definition of warehouse, but its importance and working system is not that plain. It helps all segments of market right from producer to consumer.  Farmers usually don't get the price which they should get. In lump sum we can say the return on investment part for farmers in most of the cases has been discouraging. Why does such problem occurs?  The main reason is glut of farm produce, which mismatches the demand and supply.  What could be the possible so...

India has emerged as the fifth most favourable destination for international retailers, according to A T Kearney's Global Retail Development Index (GRDI) 2012. "India remains a high potential market with accelerated retail growth of 15-20 per cent expected over the next five years," highlighted in the report.  The Indian retail industry is pegged at US$ 500 billion and is expected to reach US$ 1.3 trillion by 2020.    In addition, the organised retail is expected to reach 25 per cent by 2020, as per the report of PwC. You cannot fly like an eagle with the wings of a sparrow. The much-awaited entry of foreign retail giants such as Walmart, Tesco and Carrefour into the $450 billion retail market has been allowed by Govt. through 51% FDI in retail sector. That's a welcome step and as an economist Mr. PM should have taken this step long before. Decision taking has been so easy for this Govt. but execution is stiff challenge. Needless to mention the Congr...

Whenever you find the key to success, someone changes the lock. _____ To Err is human, but to forgive is not a COMPANY policy. _____ The road to success??.. Is always under construction. _____ Alcohol doesn't solve any problems, but if you think again, neither does Milk. _____ In order to get a Loan, you first need to prove that you have ability to repay back. _____ All the desirable things in life are either illegal, expensive or fattening. _____ Since Light travels faster than Sound, people appear brighter before you hear them speak. _____ Everyone has a scheme of getting rich?.. Which never works. _____ If at first you don't succeed?. Destroy all evidence that you ever tried. _____ You can never determine which side of the bread to butter. If it falls down, it will always land on the buttered side. _____ Anything dropped on the floor will roll over to the most inaccessible corner. _____ 42.7% of all statistics is made on the spot. _____ As soon as you mention something?? If ...