Retail & online marketplaces adopt GS1 DataKart
Online marketplaces and large retailers including Walmart, Reliance Retail and Big Basket said they are adopting global standards provider GS1 India’s DataKart– for standardised validation and authentication of information on retail products.
“Adoption of the standards technology ensures companies' compliance on statutory labelling and guidelines, filtering out unauthorised products, license and certificate validation by consumers, quicker product listing, and alerts on depleted stocks and product recall,” said GS1 chief executive Ravi Mathur.
The Economic Times Report
14 May 2019
Non-FASTag users may soon have to pay double toll fee if they enter FasTag lanes
One may soon have to shell out twice the toll fee on entering the FASTag lane without the FASTag device installed in the vehicle. The device, when installed in the vehicle, enables payments without stopping the car at the toll plaza.
The government is mulling imposition of a double toll fee, if non-FASTag vehicles enter the FASTag lane, a move that is expected to ensure seamless movement of vehicles in the lane and also give a boost to FASTag adoption.
13 May 2019
Buyers to get uniform product data
Top retailers and e-tailers in India, including Amazon, Flipkart, Reliance Retail, Big Basket and the Future Group have come together to work on standardising representation of product data across various offline and online retail platforms for consistency and uniformity.
The Times of India Report
10 May 2019
E-comm buyers to get uniform product data
Top retailers and e-tailers in India, including Amazon, Flipkart, Reliance Retail, Big Basket and the Future Group have come together to work on standardising representation of product data across various offline and online retail platforms for consistency and uniformity. The move would enable seamless sharing of product data between manufacturers and these companies, resulting in substantial lowering of admin costs currently incurred in data exchange individually with each retailer or etailer.
ET Retail Report
10 May 2019
Product data Reliability for Omni-Channel Retail
At last year’s ‘Thanksgiving Day’ and ‘Black Friday’ in the US, online shopping overshot sales through retail stores, reversing the shopping trend of earlier years. With rapid proliferation of online shopping portals and expected expansion of modern retail trade from 10% to over 25% in the next few years, providing a seamless shopping experience to consumers becomes imperative. It needs to be kept in mind that today’s hyper-connected consumer researches thoroughly for a product, both off-line and on-line before deciding to buy.
09 May 2019
Barcoding raw materials used in drugs to become mandatory
The Union health ministry will make it mandatory for all active pharmaceutical ingredient (API) packages to be barcoded to detect spurious drugs and monitor imported and indigenously produced raw materials used to manufacture medicines.
APIs are critical components that make drug formulations potent against disease. There are about 2,500 APIs that are used to create hundreds of thousands of drug formulations.
22 April 2019
Next Time You Buy a Product, Scan The GS1 Standard Barcode on Your Phone to Know Everything About it
You walk into a store to buy something. The product labels have some details, such the manufacturing date, the expiry date (if it’s a consumable) and perhaps a batch number along with the price. Next to it is a barcode, which we never really bother with, do we?
Now you should, because the Global Trade Item Number (GTIN) standards mean these barcodes hold more information about the product you hold up, than you could have ever imagined. GS1, a non-profit organization that develops these standards for implementation globally, is focusing on India now.
GS1 India is pushing for the adoption and implementation of these standards for products sold in India, which could have a big impact on the retail sector in the country. GS1 India is is a body set up by the Ministry of Commerce and Industry, industry bodies including FICCI, ASSOCHAM, CII as well as FIEO, IMC, APEDA, Spices Board, IIP and BIS to to push for the use of global GS1 standards across retail and supply chains.
News 18 Report
18 April 2019
How DataKart powered Smart Consumer app is empowering online shoppers to make better purchase decisions
The online market place is flooded with e-commerce websites. Many websites host common products while the information on them put up by sellers are different.
This creates problems for shoppers in comparing products correctly and making informed purchase decisions, besides retailers/shopping portals are not able to list products correctly.
To overcome this, standardised, consistent, and trusted information is required on all products, which is clear and unambiguous, irrespective of the retail channel used by the shopper for purchase.
Zee Business Report
08 April 2019
NPCI claims 25pc of toll collected on highways is powered by its programme
The National Payments Corporation of India (NPCI) claimed its national electronic toll collection (NETC) programme now accounts for 25 percent of the value of the toll collected on national and state highways across the country.
In a statement, the retail payments organisation which also operates payment platforms like UPI (Unified Payments Interface) and IMPS (Immediate Payment Service), said the current NETC programme processes 8.62 lakh transactions daily across 496 national and state toll plazas.
YourStory Asian Age
02 April 2019
Supply Chain Blockchain Applications Won’t Work Without Data Standards!
Blockchain provides one mechanism for sharing information between supply chain trading partners. Because of the IT security, unchangeable records, and decentralized governance, the technology is getting a lot of attention. But just as clear thinking depends upon carefully defining terms, effective supply chain collaboration requires a defined vocabulary. Business is just easier when you speak the same language as your customers, suppliers and partners
02 April 2019