With our years of expertise in the field of technology, support, and value-added solutions, we are an important participant in the reverse logistics management industry. Depending on the end user, it is fragmented into e-commerce, automotive, pharmaceutical, consumer electronic, retail, luxury goods, and reusable packaging. For instance, in February 2019, automotive giants namely Subaru, Tesla, BMW, Volkswagen, Audi, Daimler Vans, Mercedes-Benz, and Ferrari had to recall their vehicles owing to the faulty airbag installed in those vehicles. Leveraging a 3PL for reverse logistics will enable your global customer base to return packages easily and for this inventory to be efficiently tracked and managed. Use Apps like RTO Shield to get 100% RTO protection, Branded Tracking to turn your order tracking page into a profitable marketing channel, and many more.
AWL India helps in the complete process and performs a reverse logistics process during transportation of the products to send them for reselling, recycling, and sending them to different consumers for using them. Market definition and scope. This will allow your business to pass these savings on to customers, and this can increase customer retention. With a streamlined returns process, we guarantee minimized hassle, resulting in a satisfied dealer network for your company. Curbing of losses: Reverse Logistics causes many expenses for the service provider and they help prevent that. Multiple products and features are provided, such as the "WareIQ RUSH" that ensures same-day delivery and is amongst the rare fulfillment tech companies in the world, let alone India, to provide such a service, and is thus amongst the best fulfillment companies in India. Instances of recyclement: If the product cannot be used again, it is sent for recycling.
FIGURE NTETSU WORLD EXPRESS, INC. : NET SALES, 2019–2021 ($MILLION). 3) Increased service market share. Reverse logistics include return, recall, repairs, repacking for restock or resell, recycling and disposal. Uncertainty in the reverse logistics process. ECommerce companies recall these faulty products back to their storage or production facilities for repair before sending them back to the customers. After Oco Meals delivers meals, they retrieve their reusable food containers from customers, which drastically reduces their environmental impact (by keeping these containers out of landfills) and helps build brand loyalty with eco-conscious clientele. The chain of supply moves both forward and backward. Top Reverse Logistics Companies 2021. A powerful pan-India network of fulfillment centers, urban dark stores, and logistics network of national & hyperlocal shipping partners—all located near their clients, allowing them to provide timely and cost-effective logistical solutions. CHAPTER 1: INTRODUCTION. Traditional logistics focuses mostly on procurement, production, sales, and distribution, occasionally including maintenance and inventory management. Commencement of conventional supply chain: Once it is ready, the product is put up for sale again. FIGURE WINNING STRATEGIES, BY COMPANY, 2018-2021*.
Sometimes, customers trigger the return when they are not happy with the product or if they received a wrong product and wish to exchange it. 4) Higher achievement of sustainability. The consortium is expected enable the organizations to comprehensively navigate through their market strategies such as reverse logistics, marketing, fulfilment, vertical-specific considerations, and more. In this scenario, the manufacturing or retailing company is reliant on the logistics service provider, which results in a lack of direct control. It offers reliable and secure delivery of consignments to over 35, 000 locations in India. The funding will be utilized towards expanding the company's reverse logistics, cross-border, B2B and B2C warehousing, express parcel delivery, end-to-end supply chain services, and technology services. Has 500+ customer care executives. In the end, the choice to either work with a 3PL or keep logistics in-house comes down to a question of profitability for most companies. Is active in more than 600 cities throughout India. NTETSU WORLD EXPRESS, INC. 8. If you are not happy with the service, we will endeavor to make it right through our Happiness Guarantee.
Related Search: Top 10 Logistics Companies in Mumbai. Product recalls are followed by repairs and then re-delivered to the customer or exchanged if the products cannot be salvaged. Speed is an essential part of their services. 336, FIRST FLOOR, VILLAGE SULTANPUR, M. ROAD NEW DELHI South West Delhi DL 110030 IN|. Top investment pockets. Preplanned pickup schedules should be sent to drivers daily. The retailer should know the reverse logistics companies' expertise in working with similar industries, how long they have been operating, their success rate, geographical coverage, among other factors before signing up. Whether human mistakes or procedural faults can cause discrepancies mostly, yet, it should be remembered that additional reasons for inconsistencies are not included here and may rely on the business and the technique used to stock data. Has multi-language support. According to the DFL theory, items' package designs can reduce the cost of logistics. Freeing up labor personnel and warehouse space. It is classified as Private UnListed Indian Non-Government Company. The firm operates in 23 storage facilities in India.
Reverse logistics assists in addressing repairs more promptly in the service sector. AWL's 5 Step Approach to Good Reverse Logistics. Request Free Sample Report: Establishment: 1905. The entire process of reverse logistics runs on these 5 Rs: - Returns. Blockchain technology also helps in tracking returns and identification of issues for high return rates. Login to view previous cins. 7. size and forecast, by Services. Some sellers even prefer replacing the product instead of repairing it. Current capacity: A business needs to know the current capacity of reverse logistics companies, in order to hand over their requests for returns to them. In addition, the manufacturer is not able to monitor the operations at the warehouse, which is a serious threat to the quality of products. It covers the window of time a product can be returned, the acceptable state for a return, the refund policy, and the process for sending a return delivery to the business.
Petra Logistics experience in return management, We have created automated processes to efficiently process returned products. Our system tracks when the customer purchases every product, where it is on our premises, and when more is to be ordered. Distributors, producers, exporters, transportation companies, dealers, and authorities, among others, utilize warehouses. If the returned items are improperly categorized and sent to the stock, the return is recorded inaccurately. Associated Companies. Has a custom payment platform called Aramex Payment Services. We have a high bar for service quality and stand behind the services we deliver. Reverse Logistics Group General Information. The most well-known company in the warehouse and logistics sphere, FedEx, has nearly 2000 locations worldwide and provides services in more than 200 countries and regions. The manufacturer and retailers are completely dependent on the reliability, competency, and honesty of logistics service providers. The barriers such as lack of coordination at the CEO level and non-alignment of short and long-run strategic goals of the company also restrict the adoption of reverse logistics services. TABLE PARCEL SERVICE, INC. : KEY EXECUTIVES. XPO Logistics not only processes returns, but they also handle refurbishing, disposal, and/or product recycling.
Reduction in losses owing to adoption of a multi-modal system. The supply chain can be more productive by using lean concepts. The products are then delivered back to the sorting facilities of the businesses or manufacturers from where they originally came. Submitting your claim will help with the proper collection of paperwork and proof. Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal, Uttar Pradesh. Research methodology. 3 billion in 2028, registering a CAGR of 5.
With Happy Returns, shoppers can return products for an immediate refund or exchange at approximately 2, 600 drop-off locations.
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