3. Some facts:
A commercial bank spends approximately INR 2.4 bn annually on
courier to meet its business needs
(Source:http://www.marketresearch.com)
$606 million profit of FedEx in year 2014.
(Source:http://www.wsj.com/articles/fedex-profit)
Logistics costs (i.e., inventory holding, transportation, warehousing,
packaging, losses and related administration costs) have been
estimated at 13-14 per cent of Indian GDP.
(Source:http://iimahd.ernet.in)
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