Integrated supply chain solutions provider Stellar Value Chain Solutions has decided to exit from the express distribution business as the segment is increasingly becoming economically unviable, a top company official has said.
As part of this strategic shift, the company will now focus its play only on the integrated storage and movement solution space with a network consisting of 21 warehouses and an equal number of branches and hubs across 21 cities pan-India, according to Anshuman Singh, the promoter of Stellar Value Chain Solutions.
Besides, Stellar Value Chain will concentrate on three key sectors—consumer, ecommerce and auto—to drive its supply chain solutions business and growth going forward, he said.
At the opening of its warehousing hub in Punjab last December, Singh had said that the company had lined up 200 logistics parks across the country.
“One of the learnings from the pandemic has been that the express model in the country has become outdated. It is done. So, we are completely getting out of the express model,” Singh told PTI.
Stating that supply chain essentially comprises storage and movement, Singh said, however, during the pandemic, segment players got into a “ product mode,” and thereby into product, especially on the transportation side.
