Blue Dart announces General Price Increase from January 1, 2023
Customers signing up from October 1-December 31, 2022 will not be impacted by price hike. Ship-to-Profile concept to be implemented
Blue Dart Express Limited, South Asia's premier express air and integrated transportation and distribution express logistics company, today announced its General Price Increase (GPI), effective from January 1st 2023. The average shipment price increase will be 9.6% as compared to 2022, depending on the shipping profile.
Blue Dart is recognised for its market leadership in future-ready solutions with exceptional service quality, these standards are also benchmarked by the express logistics providers in the industry. In order to consistently provide a resilient, reliable and efficient solution to the customers, Blue Dart adjusts its prices annually, taking into account inflation, currency dynamics, fuel cost instabilities, growing regulatory costs and other mandatory costs, such as expenses related to compliance for the workforce with enhanced security regulations across 55,000+ locations it services.
Elaborating on the announcement, Balfour Manuel, Managing Director, Blue Dart said, "Under the group's new sustainability roadmap, Blue Dart has made significant investments in developing future-ready technology that can protect the environment and at the same time deliver excellence in a sustainable way. Paving the way for our customers to create sustainable logistics aimed at lowering the ecological footprint, to create a balance between financial growth, environmental care, and the health of society. Our annual increase is more inflation-related and enables us to sustain service quality and cost increases".
Ketan Kulkarni, Chief Commercial Officer, Blue Dart adds, "As the world is witnessing a huge global and environmental impact on businesses, Blue Dart is trying to be prudent with a determined approach to consistently update our systems and processes, to ensure that we remain one step ahead of the curve even during challenging situations. Automation and technology have always been major pivots of our business, not only to ensure customer satisfaction but also to make sustainable choices that secure a future for the generations of tomorrow".
High inflation, rising interest rates, and high input costs have all taken a toll on the margins of the business. Modest GDP growth, and slow pace of recovery owing to global supply chain bottlenecks, all of which necessitate a marginal price increase. 'Ship To Profile' will be a new derivative concept, which is being introduced to give benefits to large volume shippers and also correct prices for other shippers.
As a Preferred Express Logistics Provider for leading organisations in the country across sectors such as E-commerce, Lifesciences & Healthcare, Automobiles, Consumer Electronics, Banking / Financial Services & Insurance; Blue Dart has also been investing aggressively to expand its reach further in emerging markets, improving transit times, revamping infrastructure and future technologies. Blue Dart is making these strategic investments to get the first mover advantage and remain agile and adaptive.