Allcargo Logistics shares surge 10% on biz restructuring
According to the company’s regulatory filing dated December 21, the International Supply Chain (ISC) business will be demerged into a separate entity known as Allcargo ECU Limited.
According to the company’s regulatory filing dated December 21, the International Supply Chain (ISC) business will be demerged into a separate entity known as Allcargo ECU Limited.
Shashi Kiran Shetty has strengthened Allcargo’s position among logistics majors by navigating a massive ransomware attack, addressing market dynamics and implementing a transformation plan.
Allcargo group will acquire a 30% stake in Gati Kintetsu Express from its Japanese JV partner KWE group.
As a major chunk of the global workforce moves towards working remotely, using digital tools and technology to stay connected and collaborate will be the key to success.
The Mumbai-based logistics company sees synergies between its freight consolidation business and Gati’s express logistics operations.