What is the future of logistics in India?
In 2019, the McKinsey Global Institute (MGI) predicted that India's logistics sector would expand at a compound annual growth rate of more than 10 percent, from $200 billion in early 2020 to at least $320 billion in 2025.14-Dec-2021
In financial year 2021, the size of the Indian logistics market was around 250 billion U.S. dollar. It was estimated that this market would grow to 380 billion dollars in 2025, at a compound annual growth rate between 10 to 12 percent.
Is there a future in logistics?
The future of logistics will be defined by data, analyzed by artificial intelligence and driven by machines. Gartner has predicted that by 2023, AI techniques will be embedded across 50% of supply chain technology solutions.
1. Blue Dart Logistics Services
What are the new trends in logistics?
8 Major Logistics Trends Shaping Logistics Management in 2022
Logistics industry in India is growing rapidly. It is a vast field with enormous opportunities for talented and energetic future managers in India as well as abroad. The scope of BBA Logistic supply chain Management & logistics is flourishing every day, as the numbers of Retail & FMCG companies are increasing in India.
What percentage of GDP is logistics in India?
India's logistics cost as a percentage of GDP is 8.35% on an average. For years, the government had been of the view that the logistics cost is 14% of GDP. A recent study by National Council of Applied Economic Research (NCAER) has revealed that India's logistics cost as a percentage of GDP is 8.35% on an average.02-May-2022
According to Research and Markets, “the global logistics market was worth 10.32 Billion USD in 2017 and it is estimated to grow to 12.68 Billion USD by 2023 with a CAGR (compound annual growth rate) of 3.49% between 2017 and 2023.”
What is logistics sector in India?
LOGISTICS – GLOBAL VIEW Global Logistics Industry includes all activities of the supply chain such as transportation, customer service, inventory management, flow of information and order processing.
In the logistics process of people and goods, IoT helps to track objects, but also to transfer current data of the transported assets. An IoT channel can also be used to remotely control elements of the transport process. This can save energy or avoid waiting times, for example.27-May-2020
What is the future of logistics and supply chain?
Emerging technologies will transform logistics Supply chains are becoming unbundled and customized to reduce costs and meet evolving customer needs. Logistics structures will also shift to more specialized solutions tailored to different customer segments, modes of transportation, and distribution networks.
Transportation is the lifeblood of cities and the global economy. It is closely linked to world GDP and a growing population. The global logistics market alone will have grown 7.5% annually between 2015 and 2024, to reach USD 15.5 trillion in 20233.
Which city is best for logistics in India?
Given India's momentous growth in the logistics sector, Nagpur stands to rank among Asia's most crucial goods corridors. In 2015, the global logistics market was valued at USD 8.1 trillion.30-May-2017
Now, when an order is placed with Amazon, traditionally, the order is sent out with a third-party courier, like FedEx. But now with Amazon Logistics, Amazon uses its contracted-out people and their fleet of vehicles to deliver the products for the sake of better and faster delivery options.29-Oct-2020
Who is the richest transporter in India?
Transport Corporation of India (TCI group), with revenues of over Rs. 4300 crore, is India's leading integrated multimodal logistics and supply chain solutions provider.24-Feb-2021
Artificial and Augmented Intelligence From last-mile delivery robots and sustainability solutions, to warehouse automated picking systems and predictive optimization software, AI is already making a huge difference in logistics.
What's the latest in supply chain?
10 Supply Chain Trends to Watch for in 2022
Green logistics consists in using more eco-friendly and sustainable processes in order to reduce the environmental impact of logistics. This approach covers the entire life cycle of the product: manufacturing, storage, transport, marketing, use and disposal.21-Oct-2021
Is logistics a stable job?
Given the massive size of this career field, it shouldn't come as a surprise that there's a pretty steady demand for skilled logistics professionals. The Bureau of Labor Statistics projects employment of logisticians to grow 4 percent from 2019-2029—on pace with the national average.28-Sept-2020
Logisticians work in nearly every industry. The job can be stressful because logistical work is fast-paced. Most logisticians work full time during regular business hours.18-Apr-2022
What is logistics job salary?
The average salary for Logistics Manager is £45,334 per year in the London Area. The average additional cash compensation for a Logistics Manager in the London Area is £2,860, with a range from £423 - £19,323.
What is the future of logistics in India?