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  The Ministry of Commerce and Industry is considering replacing the Multimodal Transportation of Goods Act, 1993 (MMTG) with a National Logistics Efficiency and Advancement Predictability and Safety Act (NLEAPS). MMTG provides for the regulation of multimodal transportation of goods from India to any place outside India. Multimodal transportation refers to a combination of more than one mode of movement, such as rail, road, or sea, for end-to-end delivery of goods. It was introduced to facilitate the exporters and give them a sense of security in transporting their goods. Considering Key Points Aim: NLEAPS aims to streamline the logistics ecosystem in the country to promote the growth of the sector. Modernize and formalize the logistics services and promote digitization in the sector, which is crucial for the smooth movement of goods. To reduce the logistics cost from the present 14% of the Gross Domestic Product (GDP) to less than 10% of GDP. Reason Behind New Law: The new law tends

  The Indian automotive industry is the fifth largest in the world and is forecasted to be the third largest by 2030. India is set to become a largest hotspot for electric mobility. Over the past few years, the national government through its policies changes has created momentum to encourage the adoption of electric vehicles for mobility.  10 Indian states and union territories (UT) have either published draft electric vehicle (EV) policies or already notified the final policies detailing fiscal, non-fiscal and other incentives to fasten the value chain of electric mobility activities. Various manufacturers have joined in by launching diversified products in various categories such as rickshaws, two-wheelers (2Ws), three-wheelers (3Ws), passenger vehicles, buses and power trains. Emerging start-ups are developing feasible products for battery technologies, enhancing infrastructure and more. Despite these developments, the shift towards electric vehicles has been slow due to the high a

  How EV is a boon for us: The Benefits of Electric Vehicles Environmental Benefits Consumers have become aware of the need to support green energy projects explicitly and come to terms with more sustainable transportation choices as global warming has become a serious problem. One of the most compelling reasons for people to choose an electric vehicle is pollution. Many of the pollutants from gasoline-powered cars are poisonous, causing various health issues and premature deaths each year.  Heart disease, cancer, asthma, and stroke are only a few of the most serious human illnesses, and they're all related to air pollution. One of the most important considerations in making the transition from a gasoline-powered engine to an electric one is the environmental benefits. Long-Term Financial Planning Another benefit of converting to an electric vehicle is the lower cost of charging compared to fossil fuels. Electric vehicles allow for a greater variety of fuel options when it comes to

  “It's critical to remember that the circular economy goal can only be accomplished by treating used plastic as a resource rather than a waste, and by deploying modern recycling technologies that 'keep the molecule in play' and retain materials at a marketable value.” Plastic has been lauded as a miraculous substance since its inception. Plastic mass production became successful and revolutionised consumerism in a post-World War II generation after 80 years of innovation involving disciplines from industry and academia. Plastic, although being a simple synthetic polymer made up of small molecules (monomers) connected in a repeated pattern, has a wide range of qualities, including corrosion resistance, light weight, high strength, transparency, low toxicity, and durability. Plastic is the ultimate convenience commodity, used by practically every business on the planet, from food packaging to space exploration. Polyethylene terephthalate (PET), polyethylene (PE), polypropyle

  “From housing early civilizations to facilitating future inventions, composite materials have played an important role in human history. Corrosion resistance, design flexibility, longevity, light weight, and strength are only a few of the advantages of composites. Composites are used in a wide range of applications, including construction, medical applications, oil and gas, transportation, sports, aerospace, and many others. Without composite materials, certain applications, such as rocket ships, will most likely never get off the ground.” Composites can be found in nature. Long cellulose fibres are kept together by a material called lignin in a piece of wood, making it a composite. Composite materials are created by combining two or more materials with distinct properties that do not dissolve or mix together. The composite's various materials work together to give it its distinct properties. For thousands of years, humans have used composite materials in a variety of application

  “Specialty chemical manufacturers faced logistics and labour issues when a nationwide lockdown to control the novel coronavirus outbreak froze supply chains. However, one industry is expected to recover more quickly than others. This is due to the fact that the industry continues to function, but at a reduced capacity, as a supplier of chemicals to critical industries such as pharmaceuticals, personal health, and hygiene.” Since the sector is reliant on exports, analysts and company executives expect output to improve. Furthermore, China's production in this segment is expected to decline, opening up more opportunities for domestic specialty chemical producers. The expected rise in importers looking for an alternative supply chain, particularly in the context of the coronavirus outbreak, is a trigger for specialty chemical players. In this vein, Japan has set aside $2.2 billion to assist its producers in shifting production away from China. Frequent supply disruptions in China (w

    A global shortage of semiconductors is causing the production of parts and vehicles to be disrupted. Several major carmakers and their suppliers are being impacted by a supply bottleneck caused by diverse factors, including the effect of Covid-19 on demand in the first half of 2020 and manufacturing investment. The shortage is the product of a perfect storm, as the automotive sector saw more volatility in 2020 than any other industry that purchases semiconductors. At the same time, capacity constraints in semiconductor facilities were caused by high demand from other industries. The subsequent recovery in car sales and factory production was stronger than expected in all areas, owing to pent-up demand during the lockdown. Semiconductors are the brains behind a growing number of items, including vacuum cleaners, refrigerators, computers, and space shuttles. Hundreds of integrated circuits monitor airbags, power windows, catalytic converters, and dashboard displays in the typical car

  Ford Motor Company recently said that it is cutting shifts at two plants that build its highly profitable flagship F-150 pickup trucks starting next week due to a global shortage of semiconductor chips and warned the issue could result in the loss of 10% to 20% of planned first-quarter production in 2021. Ford, the No. 2 US automaker, stated that it would run one of three shifts of production at its Dearborn Truck Plant the week of 8 February 2021, while the truck portion of its Kansas City Assembly Plant will run two of three shifts of production during that week. Both are expected to return to three shifts the following week. Ford Chief Financial Officer John Lawler said the production losses stemming from the semiconductor shortage could lower Ford's adjusted earnings by USD 1 billion to USD 2.5 billion in the same quarter. It also stated that the company would continue to prioritize and allocate chips to the highest-margin vehicles when it can. It's going to be a logistic

  Smart Road Infrastructure: The Future of Digital Highways Smart roads incorporate the Internet of Things (IoT) technologies to make driving safer and efficient. Smart roads connect physical infrastructures such as solar panels and sensors with software infrastructure such as AI, ML, and big data. Smart road technologies are embedded in roads to enhance visibility, generate energy, communicate with autonomous and connected vehicles, monitor road conditions, and much more. Use Cases of Smart Technologies in the Smart Road Infrastructure: IoT Connectivity : Cities can combine roads to IoT devices and gather high traffic and weather datasets. This type of connectivity can advance traffic management, safety, and energy efficiency. Traffic Management Networks : It is used to reducing congestion and improve safety. The smart road grid uses speed cameras to offer warning signs for hazardous situations and sends automated traffic diversion indications that control traffic. Traffic Lights Opti

  “After packaging and building & construction, the automotive industry is the third largest consumer of polymers. As a result, shifts in material use can have a significant impact on polymer demand and polymer producers' financial results. We clarify how material use patterns are likely to change in this article, as well as the effects electric vehicles would have on polymer use.” With stricter regulations and evolving customer preferences driving demand for more affordable, lightweight, and fuel-efficient vehicles, the role of plastic in the design and manufacture of automotive vehicles has never been more critical. Owing to - fuel prices and tighter environmental regulations, fuel efficiency has become one of the most critical features in automotive vehicle design. This, combined with strong demand for automobiles and growing disposable income in emerging economies, will continue to drive plastics demand in the automotive industry. Several metals, plastics, and composites ha

  Specialty Fertilizers have small particles that help to prevent moisture and support from discharging the nutrients into the crops, which helps in the optimistic growth of the crop. The specialty fertilizers' primary focus is nitrogen, phosphorus, and potassium, applied in generally enormous sums. There are 12 fundamental manure supplements needed to expand crop yield and quality and improve a harvest's capacity to utilize the essential supplements productively. Numerous forte items contain a portion of the auxiliary supplements and micronutrients. Even though these are needed in moderately more modest amounts, they are fundamental for adjusted harvest nourishment, and expanding the pace of essential supplements alone won't build yield. Read More :-  https://www.pukkapartners.com/insight/specialty-fertilizers-adoption-of-precision-farming-driving-the-growth The future of specialty fertilizers in GCC There remains a significant potential opportunity for GPCA members to inc

  The global chemical industry caters to nearly every goods-producing sector and accounts for an estimated USD 5.7 trillion, as per the International Council of Chemical Association (ICCA) report published in March 2019. According to the report, the chemical industry contributes to global Gross Domestic Product (GDP) through indirect, direct, and induced impacts, equivalent to 7% of the overall world's GDP, and supporting around 120 million jobs worldwide. It is offering materials and substances to sectors such as agriculture, automotive, construction, and nutrition. The chemicals market is currently transforming post-COVID-19 pandemic, so chemical companies need to adopt new technologies in their operating models, businesses, and processes. In the global chemical industry, the supply chain management will face new challenges and  new opportunities . Therefore, it is critical to understand key developments in the chemicals market and the resulting impact on the individual supply ch

    “Bigger is better, as the old saying goes, and technology in supply chains is making a mark in the sector. Supply chains can be complicated, with several procedures involved in creating a product and distributing it to consumers.” Supply chains aren't always as efficient as they should be. Let's face it: there's always space for improvement, and disruptive technology appears to be helping us get there. Disruptive technology upends a supply chain and has the capacity to totally alter how goods are created, distributed, and tracked. Inbound Logistics conducts an annual poll of 3PL companies to learn about their thoughts on the sector. IoT The Internet of Things (IoT) is a network of connected items that have been technologically equipped with sensors to gather, exchange, and transmit data. Employees can obtain real-time information thanks to this data collection. The Internet of Things (IoT) connects previously disconnected devices. What does the Internet of Things mean f