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Snowman Logistics ramps up operations to meet home delivery demand amidst the lockdown

Posted On: 2020-04-01 12:10:09


In a recent message to stakeholders, Snowman Logistics has communicated that the company is running their operations 24x7 as cold storage warehousing and transportation are under essential services notified by the Government of India to meet the demand for home delivery of food, medicines and essential goods amidst the lockdown. The company is taking abundant precaution and ensuring strict social distancing of people engaged in the supply chain business.

Last week the Prime Minister announced a nationwide lockdown to contain the spread of Covid-19, with only essential services remaining open. Ministry of Home Affairs had clarified that all facilities in the supply chain of essential goods whether involved in manufacturing, wholesale or retail of such goods through local stores, large brick and mortar stores, or e-Commerce companies should be allowed to operate.

Commenting on the ramp-up of operations, CEO, Sunil Nair said, "there is an increased demand for food and essentials from our partners involved in Pharmaceuticals, QSR and home delivery business. We are going all out to ensure that there is no supply disruption amidst the lockdown. We take this as our top most priority to ensure that food reaches home, and adhering to lock down is better followed by the community by remaining at home. We thank all our team members who are working to ensure that food is delivered to our customers and from there to the consumers."

Snowman caters to its comprehensive network of reputed clients, who source and consume temperature sensitive products including dairy products, canned food Items, poultry and meat, seafood, healthcare and pharmaceutical products.

Shares of Snowman Logistics Ltd was last trading in BSE at Rs.31.65 as compared to the previous close of Rs. 28.8. The total number of shares traded during the day was 29870 in over 445 trades.

The stock hit an intraday high of Rs. 31.65 and intraday low of 31.5. The net turnover during the day was Rs. 945031.


Source: Equity Bulls

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