The COVID-19 Pandemic and the resulting lock-down that lasted for major part of 2020, proved to be testing times for businesses including the logistics, warehousing and supply-chain sectors of India. Even though these sectors had a remarkable contribution in keeping the supply chain for essential items, functional, albeit with a few hurdles in the beginning.
Here’s a Outlook of Indian Integrated Logistics and Supply Chain for 2021:
Technology:
Modern Warehouse Management Software (WMS), Internet of Things (IOT), Artificial Intelligence (AI), Machine Learning (ML), Big Data are some of the technologies that are being embraced by India’s small and medium logistics service providers thereby making processes more efficient, advantageous and dependable. Such technologies make the entire process transparent, build customer loyalty and trust.
Eco friendly or Green logistics:
Logistics & Warehousing companies are now opting for zero plastic packaging or reducing packaging waste through recycling. Green logistics is going to be the key aspect of the supply chain evolution in the year 2021. Sustainable practices have already become a norm amongst international logistics and supply chain players as well as businesses.
Affordable & Efficient transport infrastructure:
With the Government of India planning to build massive road network in future, emphasis will be given to develop infrastructure like dedicated freight corridors, container freight stations etc. Intermodal and Multimodal transport system will further reduce the transportation and storage cost.
Contribution of Third Party Logistics (3PL) solutions providers:
Evolution of these Third Party Logistics (3PL) solutions providers into key partners, offering expert, end to end solutions ranging from documentation, automation, tracking, integrated warehousing, legal compliance and even kitting in some cases at competitive rates, has made them a lucrative choice for most businesses.
