Recent trends in Ecommerce logistic and their adaptation in Steel Logistics process
To Mr. Gopal Kapoor & Mr. Alok Singh
Student Name: - Suraj Tripathy
Roll number: - PGP/19/350
The fast development of information and mobile technology in the past few years is changing many aspects of our lives i.e. how we look for the information we seek, how we plan our travel and most of all how we buy products or ...view middle of the document...
The sector is also going to see 72% jump in annual spend on online purchases by individuals from current level of 65%. According to KPMG Indian retail ecommerce market will have a CAGR of 52% with electronic good occupying 42% in this sector.
JSPL is industrial conglomerate with its presence in steel, mining, power and infrastructure sector. JSPL produces economical and efficient steel & power with the help of backward and forward integration. JSPL product range consist of Rail, Parallel Flange beams and columns, plate and coils, angles and channels, Jindal Panther TMT rebars, Fabricated sections, Wire rods, Jindal Speedfloor, Semi-finished products, power, Jindal Panther cement, minerals and Sponge Iron. JSPL product portfolio caters whole market and the company produces world’s longest rail which is 121-meters long. Currently JSPL operates in Raigarh, Patratu and Angul, and JSPL Raigarh plant produces largest quantity of coal based sponge iron with an installed capacity of 3 million tons per annum. JSPL Patratu plant have 0.6 Million tons per annum capacity of wire mill and 1-million-ton capacity of bar mill. JSPL Angul plant has 2.5 million tons per annum capacity steel melting shop and 5-meter-wide plate mill. JSPL focuses on technological and innovation, leadership with focused growth of employees, shareholders and society. JSPL has been rated as second highest value creator in the world by the Boston Consulting Group and 11th fastest growing companies by the Business world. To seek the growth opportunities, the company diversified and expanded its core business to high growth market and set up 1.5 million tons per annum capacity gas based Hot Briquetted Iron (HBI) plant. In Africa, the company has large mining interest and expanding into steel, energy and cement. In Australia and Indonesia, the company has invested in greenfield assets and seeking more opportunities to invest. The company has fulfilled its corporate social responsibility through sustainable development and helped the society to improve infrastructure, education, health, water, sanitation etc. This sustainable development helped organization to achieve its goals like enabling innovation, managing and nurturing leaders, stabilizing sustainable production process.
Steel Sector Overview
With boost in Indian, US and other Southeast Asian Economy, demand of steel has grown. But the main challenges in the steel industry are still there and the profit margin of the steel Industry has diminished leading them to struggle to remain competitive in the market. Other emerging economies are struggling to boost up their economies and are experiencing deceleration in growth. The risk and opportunities in the steel sector are getting large in terms of scale and impact. Indian steel Industry is growing at a growth rate of 7.4 percent with capacity reached to 109.85 million tons per annum while global steel industry has reached to 1665 million tons per annum in 2014-15....