Don’t miss the latest developments in business and finance.

Snowman Logistics partners with Dr Reddys Laboratories

Image
Capital Market
Last Updated : Jun 03 2021 | 9:31 AM IST

To provide temperature-controlled logistics support for delivery of Sputnik vaccine

Snowman Logistics has entered into a strategic partnership with Hyderabad based Dr. Reddy's, to provide temperature-controlled end-to-end logistics solutions for the delivery of the two-dose Sputnik COVID-19 vaccine across India.

Snowman will manage the delivery through five of its high-capacity temperature-controlled warehouses in Mumbai, Delhi-NCR, Kolkata, Chennai, and Bengaluru. The company will offer storage, order processing, shipper packing and secondary transportation from these locations. The locations are strategically located to take care of not just the state distribution, but the whole of the regional requirements. The temperature, throughout, will be maintained between -20 degrees Celsius and -25 degrees Celsius. With this, Snowman will be the largest 3PL service provider for vaccines in the country offering national reach to Dr. Reddy's Lab.

Snowman Logistics has the capability to readily store 650 million doses at any given time, which can be increased to 1.05 billion doses with a short notice for Pan-India distribution. The company has the ability to store at upto -80 degrees Celsius, and provides real time temperature monitoring to ensure the correct conditions for vaccine distribution during the entire supply chain. In addition, the company has a capex plan of roughly Rs.425 crores for capacity expansion, with a focus on the Pharma and E-commerce sector where the company has seen huge increases in demand since the onset of the pandemic, especially as there is a dearth of capacities in the organised sector.

Powered by Capital Market - Live News

Also Read

First Published: Jun 03 2021 | 9:06 AM IST

Next Story