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Blue Dart Express Limited: From Blue To Red
Dalal Street Investment Journal
|September 28, 2020
The ongoing pandemic and the various phases of lockdown have hit the logistics industry hard and Blue Dart Express has been one of the victims. Despite being able to continue its operations with the supply of medical equipment and other essential goods, the company has reported loss in recent times due to the overall slump in economic activity
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Blue Dart Express Limited is engaged in the business of integrated air and ground transportation and distribution of time-sensitive packages to various destinations, primarily within India. The company provides courier and express services. Some of its business offerings include Internet Dart, Shop Track, Pack Track, Mobile Dart, Ship Dart and Image Dart. Its other services include Domestic Priority, Dart Apex, Dart Surfaceline, Temperature Control Logistics (TCL), Airport-to-Airport, International Services, Charters, Interline, Smart Box, Express Pallet and Regional Services.
Blue Dart Express offers secured and reliable deliveries of consignments to over 35,000 locations in India. As part of the DPDHL Group, the company has access to the largest and most comprehensive express and logistics network worldwide through DHL, covering over 220 countries and territories and offers an entire spectrum of logistics solutions.
Global Logistics Industry
Similar to other industries, the logistics industry has also been severely hit by the ongoing pandemic. Hence, big players in the industry across the globe are expected to focus on improving operating effectiveness and make investments for technology improvement. Though slowdown is expected in world trade which will pinch the air cargo markets, normalising of economic conditions will lead to demand growth. Supply of essential commodities, growing demand and distribution of personal protective equipment, etc. is expected to aid in the growth of the industry from USD 2,734 billion in 2020 to USD 3,215 billion by 2021. However, the projection for FY21 is estimated to be down by over 10-15 per cent as compared to the estimation pre-pandemic levels.
Logistics Industry in India
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