Post Date : June 4, 2021
Despite the challenges posed by the Covid-19 pandemic, FM Logistic India has been showing remarkable resilience and continuously growing its footprint across India.
FM Logistic India, in its financial results published on June 1st, informed that the company has added around 10 lakh sq. ft. of warehousing space under its operations, a 20% increase in its warehouse footprint.
FM Logistic India is proving its resilience in the face of Covid-19. We are carrying out our plans to expand in India and helping our customers develop omnichannel strategies tailored to the Indian market.”~ Alexandre Amine Soufiani, MD – FM Logistic India
The logistics company informed that it has been awarded new contracts across sectors including FMCG, retail, omni-channel, e-commerce and pharma. The most significant contracts bagged by the company include:
● A leading pharmaceutical company has awarded FM Logistic India with a contract to manage the storage and handling of its coronavirus vaccines. FM Logistic India is responsible for the handling, re-packing and storage of approximately 2 Lakh vaccines at a temperature-controlled facility.
● A global cosmetics brand has entered into a contract with FM Logistic to manage the in-plant raw material and finished goods warehousing operations at their manufacturing plant in North India. This is a round-the-clock operation to optimise the client’s supply chain.
● Contracts have been entered into with leading retail players to carry out warehousing operations for e-commerce fulfillment at the Multi Client Facility in Bhiwandi.
● On the distribution front, the logistics service provider won several contracts from leading players in the FMCG, industry and pharma sectors.
In India, the logistics company is focussed on developing Grade A Multi-Client Facilities (MCF) in the most important economic zones.
By Q2 of 2021-22, the logistics service provider will commence operations at its Grade A Multi Client Facilities in Farrukhnagar (7 lakh sq. ft.) and Bhiwandi (4 lakh sq. ft.), FM Logistics said.
The Farrukhnagar facility is the company’s first own MCF and among the first in India to combine LEED and FM Global certification. These facilities are strategically located and furnished with the best-in-class services.
For further infrastructural developments, FM Logistic has inked deals with Welspun One Logistics Parks and Lodha Developers to develop Grade A warehousing infrastructure in Bhiwandi and Palava, respectively.
Apart from developing infrastructure and expanding its footprint FM Logistic India has also been working on Human Resource Development & Sustainable Initiatives.
The company’s training initiatives implemented in India have contributed to halving the employee attrition and occupational accident rates in 2020-21.
The number of women employed by FM Logistic in warehouses has doubled. Efforts are consistently being made across all warehouses to ensure that all collaborators have a safe and secure working environment and access to hygienic working conditions.
As part of its green distribution offer, FM Logistic India launched its first batch of electric vehicles in Bengaluru. These EVs will be used to carry out intra-city deliveries for WayCool, India’s fastest growing Agri-commerce company and a leading player in the FMCG and Food segment.
FM Logistic India will be helping WayCool to carry out hyper local deliveries to local kirana stores, supermarkets as well as end consumers. FM Logistic India plans to deploy more EVs and cover more geographical areas under its green distribution network by this year end.
The company aims to expand its operations by another 30 lakh sq. ft. by the end of 2022-23, as announced in 2020. It will be setting up its own warehouses in the major consumption areas of the country like Mumbai, Bengaluru, Hyderabad, Chennai, Delhi. etc. All these upcoming facilities will be developed by NG Concept – FM Logistic’s real estate sister concern.