@TheHinduBusinessLine: Gefco, the INR 247 bn subsidiary of PSA Peugeot Citroen has entered into a brand tie-up with Uniworld Logistics. Gefco which deals with automotive logistics has strategically entered into this agreement to provide inbound logistics services to car manufacturers.
The concept of inbound logistics refers to supplying of components to automobile manufacturers for a just-in-time delivery. Thus, the conglomerate of Gefco and Uniworld will serve to customers including original equipment manufacturers (OEM) of car concerns and suppliers of OEM along with spare-parts companies involved in after-sales service. The joint venture will have individual functions catered to by the two units. While Gefco will pour in the technical expertise and IT platforms it has in the segment, Uniworld will focus on providing warehouses, people and operations. Together they will focus on creating a single brand that will do inbound logistics on the Asia-Europe route.