With millions of listings uploaded daily, manually tagging, classifying, and updating product information has become an operational bottleneck, writes Sameer Kanodia, Managing Director and CEO, Lumina Datamatics Limited, & Vice Chairman & CEO, TNQ Tech Every day, over 270 million Indians shop online, making the country the second-largest e-retail market globally with a GMV […]
There is a growing trend of combining automatic identification and data capture (AIDC) technologies, such as barcoding, RFID and the internet of things (IoT), to enhance supply chain efficiency and precision. Biplab Banik, Sr.VP & Business Head at Bar Code India emphasises the transformative impact of these technologies on supply chain efficiency and retail operations. […]
Union Minister For Commerce and Industry Piyush Goyal announced on Thursday that the National E-commerce Policy is in its final stages of discussion and is poised for imminent announcement. Addressing the media at a press conference, Goyal stated, “It is in the final stages of discussion at the highest level in the government. We hope […]
In early Asian trade on Friday, oil prices surged, poised to achieve their first weekly gain in two months, fueled by a positive outlook on oil demand from the International Energy Agency (IEA) for the coming year and a decline in the value of the dollar. According to Reuters, Brent futures experienced a 9-cent increase, […]
Overall logistics costs in India are in the range of 7.8-8.9 per cent of the country’s total GDP, a report released by the economic policy research think tank National Council of Applied Economic Research (NCAER) stated on Thursday. The central government has been working to reduce the overall logistics costs and enhance the competitiveness of […]
Retail and consumer packaged goods (CPG) executives are overwhelmed by the pace of change, according to a new study released by Genpact and HFS Research. According to the study, the consumer goods and retail playbook for balancing the macroeconomic slowdown and race toward innovation, reveals that more than 60 per cent of retail and CPG […]
