Future Supply Chains: Difference between revisions
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| ⚫ | '''Future Supply Chain Solutions Ltd.''' (FSC) is an Indian supply chain and logistics company. |
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| ⚫ | '''Future Supply Chain Solutions Ltd.''' (FSC) is an Indian [[supply chain]] and [[logistics]] company.<ref name="EC1">[https://web.archive.org/web/20140215064214/http://articles.economictimes.indiatimes.com/2011-12-12/news/30507458_1_clients-across-consumer-sectors-servicing-retail-operations-li-fung-group Economic Times Article, Dec 12, 2011]</ref> |
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FSC |
FSC caters to corporates in Food & [[Fast-moving consumer goods|FMCG]]; [[Clothing|Apparels]], Footwear & Accessories; Home and Furniture, [[Consumer electronics|Consumer Electronics]] & [[High tech|Hi- Tech]]; [[Automotive industry|Automotive]]; [[Pharmaceutical industry|Pharma]] and Light Engineering domain. |
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Supply Chain Services include FSC Contract Logistics (Warehousing & Distribution) and FSC Express Logistics. Supply Chain Solutions has established capabilities to study customer's supply chain processes and re-engineer, build & implement customised Supply Chain Solutions through scientific Supply Chain Management. |
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FSC has been a pioneer in modernizing supply chain and logistics by implementing global best practices in the Indian context. This has enabled FSC to provide customized Supply Chain Solutions & Services which reduce Time- to- Market™ and Cost- to- Market™ of customers. |
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==History== |
==History== |
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Future Supply Chain Solutions Ltd. (FSC) was incorporated in March, 2006.<ref>{{cite web |url=https://www.business-standard.com/company/future-supply-39587/information/company-history |title=Future Supply Company History Information - Business Standard |author=<!--Not stated--> |date= |website= |publisher=<!--Not stated--> |access-date=19 May 2021 |quote=<!--Not stated-->}}</ref> |
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FSC (Future Supply Chain Solutions Ltd.) was co-founded by Mr. Anshuman Singh, CEO and Managing Director, in April 2007 as a part of the Future Group. In 2009, looking at the potential, Fung Capital the family owned private equity arm of one of the worlds largest supply chain and distribution companies [[Li & Fung]] Group invested $ 30 mn to buy a 26% stake in the company. |
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In December 2019, [[Nippon Express]] acquired a 22% stake in Future Supply Chain Solutions. This acquisition included 58,63,475 shares, representing 14.6% of FSC's existing share capital. Nippon Express also secured representation on Future Supply Chains [[Board of directors|Board of Directors]], enhancing the board's strategic direction.<ref name="f772">{{cite web | title=Nippon Express gets CCI nod to buy 22% stake in Future Supply Chain Solutions | website=ETAuto.com | date=December 10, 2019 | url=https://auto.economictimes.indiatimes.com/news/aftermarket/nippon-express-gets-cci-nod-to-buy-22-stake-in-future-supply-chain-solutions/72462745 | access-date=July 3, 2024}}</ref> |
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2008 saw the implementation of basic ERP-SAP as well as the launch of [[Vendor Relationship Management]] portal (VRMP), [[Warehouse management system]] (WMS) became operational in 2009 and the year also saw the implementation of advanced [[Transportation management system]] (TMS). 2010 brought in place Put to Light (PTL) sortation system for better logistics Automation followed by implementation of [[Vehicle tracking system]] (VTS) / [[Global Positioning System]] (GPS) system in the following year. |
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==Highlights== |
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2013 Formally launched Distribution Centre in MIHAN, Nagpur |
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2012 Future Supply Chains changes to FSC. |
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2012 CMS (Complete Movement Solutions) launched under FSC Express Logistics |
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2012 Distribution Centre at Nagpur crosses throughput of 400,000 pieces of Apparels in a day. |
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2011 Acquisition of warehousing business of Transmart |
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2011 Distribution Centre for Food & FMCG launched at Bhiwandi, Maharashtra with Infra, Automation, WMS, PTL and unitised delivery with Roll Cages |
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2011 Brand Distribution Services business launched |
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2011 Contract Logistics (Warehousing) business launched |
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2011 Vehicle Tracking System (VTS) a GPS enabled system, implemented in dedicated fleet of vehicles for customers |
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2010 Auto Replenishment System (ARS) implemented |
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2010 For the first time in India, Put to Light (PTL) Sortation System, implemented in Apparel Distribution Centre |
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2010 Express transportation business launched |
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2009 Transport Management System (TMS) implemented to improve visibility in and optimise transportation operations |
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2009 Major Distribution Centres converted to state- of- the- art with the best Infrastructure like Multi –level Racking MHE’s, RF guns etc. |
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2009 Infor WM 9.0 Warehouse Management System implemented across 18 locations in 6 months |
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2009 Hong Kong-based PE firm Fung Capital picks up 26% stake |
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2008 ERP- SAP Module and Sambandh (Vendor Relationship Management) portal launched to increase visibility in operations |
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April 2007 Incorporated as Future Logistics |
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== References == |
== References == |
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{{reflist}} |
{{reflist}} |
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* [http://www.futuresupplychains.com/news.aspx Business Standard Article covering FSC's Nagpur DC ] |
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* [http://epaper.business-standard.com/bsepaper/svww_zoomart.php?Artname=20130808aC002101004&ileft=-4&itop=1082&zoomRatio=130&AN=20130808aC002101004/ Business Standard Article on Aug 08, 2013 ] |
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* [http://articles.economictimes.indiatimes.com/2006-10-26/news/27435568_1_future-group-brand-factory-kishore-biyani/Anshuman Singh joins Future Group, Oct 26, 2006] |
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* [http://businesstoday.intoday.in/story/indias-hottest-young-executives/3/1992.html/ Business Today-India's hottest young executives] |
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* [http://www.afaqs.com/news/story/16385_Anshuman-Singh-moves-to-Pantaloon%E2%80%99s-Future-Group-as-CEO/ Anshuman Singh moves to Pantaloon’s Future Group as CEO] |
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* [http://www.business-standard.com/article/management/minding-other-people-s-business-112010900038_1.html/ Business Standard, January 9, 2012 - Minding other people's business] |
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* [http://www.nagpurtoday.in/mihan-gets-a-boost-with-opening-of-future-supply-chain-solution-ltd-distribution-center/ Nagpur Today - Mihan gets a boost with opening of Future Supply Chain Solution Ltd Distribution Center] |
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* [http://www.moneylife.in/article/india-loses-65-billion-every-year-due-to-inefficient-supply-chain-systems/8786.html/ Money Life - India loses $65 billion every year due to inefficient supply chain systems] |
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* [http://articles.economictimes.indiatimes.com/2009-07-21/news/27657617_1_logistics-arm-logistics-market-future-logistics/ Economic Times Article -Hong Kong co acquires 26% in then Future Logistics and now Future Supply Chains] |
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* [http://www.indiape.com/2008/09/19/li-fung-2-other-mncs-eye-15-stake-in-future-logistics/ Li & Fung, 2 other MNCs eye 15% stake in then Future Logistics and now Future supply chains ] |
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*[http://online.wsj.com/article/SB10001424127887323826704578353930885825780.html/ Wall Street Journal Article - Future Group, Li & Fung Plan India JV ] |
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*[http://futuresupplychains.com/Event-view.aspx?Ref_Id=v@=G8fH%29XF2/ FSC at the CII – Next Generation Supply Chain–"Supply Chain-2020" in New Delhi ] |
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*[http://futuresupplychains.com/Event-view.aspx?Ref_Id=Ml?*M3-wYQ3/ FSC at the CII – Auto SCM 2013 – in Chennai ] |
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*[http://futuresupplychains.com/Event-view.aspx?Ref_Id==Q9Rh+I;6e6/ Nagpur Witnesses Launch of FSC Distribution Centre For Tata Motors ] |
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{{Logistics companies of India}} |
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==External links== |
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* [http://www.futuresupplychains.com/ Official website] |
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[[Category:Logistics companies of India]] |
[[Category:Logistics companies of India]] |
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[[Category:Indian companies established in 2006]] |
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[[Category:2006 establishments in Maharashtra]] |
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[[Category:Companies based in Maharashtra]] |
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[[Category:Future Group]] |
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{{India-company-stub}} |
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Latest revision as of 15:12, 1 January 2025
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Future Supply Chain Solutions Ltd. (FSC) is an Indian supply chain and logistics company.[1]
FSC caters to corporates in Food & FMCG; Apparels, Footwear & Accessories; Home and Furniture, Consumer Electronics & Hi- Tech; Automotive; Pharma and Light Engineering domain.
History
[edit]Future Supply Chain Solutions Ltd. (FSC) was incorporated in March, 2006.[2] In December 2019, Nippon Express acquired a 22% stake in Future Supply Chain Solutions. This acquisition included 58,63,475 shares, representing 14.6% of FSC's existing share capital. Nippon Express also secured representation on Future Supply Chains Board of Directors, enhancing the board's strategic direction.[3]
References
[edit]- ^ Economic Times Article, Dec 12, 2011
- ^ "Future Supply Company History Information - Business Standard". Retrieved 19 May 2021.
- ^ "Nippon Express gets CCI nod to buy 22% stake in Future Supply Chain Solutions". ETAuto.com. December 10, 2019. Retrieved July 3, 2024.
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