- 20 Jun 2023
- ICICI Securities
MAERSK (GPPL PARENT) ENTERS INTO INDIAN E-COM SPACE WITH AFFORDABLE SOLUTIONS
GPPL - 145 Change: -2.72 (-1.84 %)News: In a direct competition to players like Delhivery, BlueDart etc, As per media sources, Maersk "one-country, one-price” offering promises low-cost storage and distribution options for Indian brands using its countrywide warehouse network at a pre-declared, flat rate Rs 80 rupees for an order weighing no more than .5kg, versus the fixed monthly costs retailers or manufacturers typically incur using third-party fulfilment centres.
Views: The fee will include 60 days of storage, delivery across India, covering 18,000 pin codes in 48 hours, 20% returns to origin and no fixed monthly costs or minimum orders. Maersk operates some 20 warehouses across India, and to start in e-fulfilment, the carrier has selected five locations, Bhiwandi, Bangalore, Chennai, Kolkata and Farukhnagar. It has a large road fleet.
Impact: Neutral