Honeywell to open new factory in Saudi Arabia
NEW DELHI: Operations of logistics companies have resumed although in a limited manner as the lockdown restrictions have been eased. Resumption of complete operations, however, is likely to take some time.
Rajesh Neelakanta, ED & CEO, BVC Logistics noted that the 35-40 per cent of the general logistics operations have commenced, with a large part of it being predominantly the exportimport traffic which has resumed since the past few weeks. Non-essential goods’ warehouse operations have also commenced in most locations with curtailed staff, he said.
“The sector should start working at 80 per cent of PRE-COVID volumes by June end,” said Pranshu Kacholia, Vice President, Business at Clickpost.
Kacholia was of the view that the sector will bounce back soon largely due to the e-commerce boom and demand in the sector. He noted that limitations may be from the supply side rather than in demand. Businesses across sectors will have to undergo several change and adoption of new technologies and logistics is no different.
Kacholia noted that real-time shipment visibility driven by IOT devices has become a necessity today, due to the large number of delivery exceptions that happen daily.
Globally, some companies are piloting crowdsourcing models of deliveries, since there might be a shortage of full-time delivery partners due to an increase in e-commerce volumes, he added.
Neelakanta said: “I foresee an opportunity to create ‘Transportation Collectives’ - a cooperative of sorts for all small and medium transportation businesses to come together, perhaps under the banner of their local district or state level associations and pitch for business opportunities by pooling in their resources and fleet assets and meeting the user community as ‘one entity’.”
RIYADH: Honeywell, a global technology firm, has announced it will open a new facility for the production of gas detection devices in Saudi Arabia.
The factory underscores Honeywell’s commitment to the In-kingdom Total Value Add (IKTVA) programme.
Established to accelerate Saudisation, IKTVA’S aim is to achieve 70 per cent localisation of production and jobs by 2021 and act as a key enabler of Saudi Vision 2030.
The new “Made in the Kingdom” Honeywell factory will support IKTVA’S localisation objectives by creating production jobs for Saudi nationals that enhance workforce skills and capabilities. Business Bureau, Gulf Today Through the new factory, Honeywell becomes the first international company producing gas detectors in the Kingdom, enabling local availability of the equipment, shorter lead times, and on-the-ground customer support.
The devices will provide a reliable and costeffective way to ensure the safety, compliance and productivity of workers who are operating in hazardous environments in Saudi Arabia.
“Our advanced gas detection systems help keep workers safe and enable them to rapidly respond to gas leaks and site incidents,” said John Waldron, president and CEO, Honeywell Safety and Productivity Solutions (SPS).
“We’re proud to bring new manufacturing capabilities to Saudi Arabia to help industrial customers maximise safety, improve operational performance and better mitigate emissions.”