Meanwhile, Indian news outlets are reporting that UPS is trying to move in on Nokia's logistics business out of the cell phone giant's manufacturing facility at Sriperumbudur, near Chennai.
The Times of India said the value of Nokia's India supply chain is roughly $53 million annually. Nokia's logistics have been managed by a combination of DHL, Indian firm Blue Dart, Gati and Panalpina.
Nokia has produced almost 20 million handsets in the 11 months since starting production near Chennai. And Nokia will soon start manufacturing telecom equipment at the Chennai plant. UPS manages Nokia's warehouse, but wants to expand.
“We are currently handling the entire vendor managed inventory (VMI) for Nokia at the Nokia Hi Hub at Sriperumbudur, but would like to extend this relationship and be able to offer a complete range of supply chain solutions,” a UPS official was quoted in the Times.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now