Question

What is meant by parcel eyes​

Answer 1

Answer:

Logistics major looking to tap premium express parcel space

Home-grown logistics major DTDC is looking to invest towards the ground parcel segment – or movement of freight via road – as a probable growth driver in the coming days.

The ground parcel business has seen good growth over the last few years for both the industry and DTDC.

The segment witnessed a 10-11 percent growth rate for the industry, while DTDC saw a 20-25 percent growth rate.

According to Abhishek Chakraborty, Executive Director, DTDC Express, the company will look at tapping the premium-end like express parcel space (time-bound deliveries) where margins are said to be better.

Currently, the premium service segment (in-ground transportation categories) accounts for nearly 25 percent of DTDC’s business. Over two years, the contribution of premium services is expected to rise to 60 percent.

“We are making necessary investments in the network. In the coming days, this will be a major growth area for us, especially the premium segment,” he told BusinessLine.

While the ED did not specify the investments that the company was making into this business segment, he did add that out of all non-IT spends, road transportation is taking about close to 25-30 percent of the company's investments. Nearly 30 percent of the investments go into IT.

Gati, FedEx, Blue Dart continue to be among the major players in the segment.

Consolidation will happen in the industry with small operators turning into service providers for larger players.

The roll-out of GST will make compliances tougher for these smaller operators. Accordingly, many of them will look to switch-over to the transport business or enter into tie-ups with organized players.

“This switchover has started happening for some time now. These smaller or unorganized players are looking to be service providers for organized players,” he said.

DTDC itself does not own any transport or fleet of trucks but enters into tie-ups with transport companies or agencies.

Merger of subsidiary

DTDC is also in the process of merging the DTDC E-commerce Logistics business – which was, as the name suggests, catering to the e-com players – with the parent company DTDC Express Ltd. The merger is likely to happen within this fiscal.

According to Chakraborty, the merger will create better synergies and also lead to a near 4-5 percent positive impact on the company’s cost and bottom line.

Answer 2

Parcel eyes​:

• Logistics is a very vast Network and sector in the world.
• The parcel service have grown from one to many.
• DTDC parcel eyes extra are some of the big names in this sector. The growth of this sector has led to an increase in delivery services thereby making distance less.
• Parcel Eyes is one of the Logistic service providers that helps in faster and easier delivery of mails and products bringing the seller and the buyers much closer than they were ever before.

To know more:

The means of transport are a part and parcel of our lives explain the statement by highlighting the role of Railways Roadways Airways and waterways

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