Covid-Hit India Recovering As Manufacturing, Infra Boost Logistics; Automation To Be Next Big Thing

The logistics sector is on the cusp of the subsequent section of development on the again of the push for manufacturing and infrastructure improvement within the nation, market gamers really feel. ALSO READ | Planning To Purchase Jewellery? Know If You Require KYC Or Not

With the nation rising out of the pandemic, and expertise taking an entire new which means on this post-Covid world, they really feel, automation would be the subsequent huge factor in logistics.

“Multinationals and global supply chains in the reviving times are finding India an attractive location to establish their manufacturing base which will certainly prove instrumental for our economic growth and will have direct impact on the growth of logistics industry,” mentioned Pawan Jain, Founder & Chairman, Safexpress.

He added that authorities initiatives like ‘Atmanirbhar Bharat’, establishing of logistics corridors, giving infrastructure standing to the business amongst others are driving financial development of the nation.

“Resilient and adaptive systems and proactive readiness for future, triggered through technology and automation will be the key approach for 2021, an outcome based on the learnings of 2020 after getting exposed to our weaknesses and gaps during the pandemic,” Jain mentioned.

Lancy Barboza, MD of Flomic Global Logistics famous that logistics and freight forwarding phase noticed a dip in enterprise volumes throughout the month of April 2020, primarily as a result of pandemic unfold out adopted by the nationwide lockdown, however as soon as the restrictions on the motion of products have been eased, it picked up steadily.

He was of the view that the 12 months 2020 has taught many classes to entrepreneurs and enterprise leaders who would implement these classes of their enterprise technique for 2021 and past.

“One learning will be to adopt digitalisation of transactions. May it be banking transactions, foreign exchange remittances, or even the internal working in the organisation which till Covid was heavily paper-oriented. The paperless, faceless initiative introduced by Indian Customs will be a game-changer in the coming days in the faster and smoother clearance of import and export cargoes,” Barboza mentioned.

Ambrish Kumar, Founder of Zipaworld and Group CEO of AAA 2 Innovate Private Ltd was of the view that 2021 is should see extra digital transformation to facilitate the brand new regular, be it small and medium enterprises or massive enterprises.

He additionally famous the pivotal function more likely to be performed by the logistics sector within the distribution and transportation of Covid-19 vaccines.

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Noting that a number of nations are banking on India by way of provide of vaccines, he mentioned: “However, due to the supply chain challenges like capacity crunch and shooting up of air freight prices coupled with the container shortage scenario for ocean freight, India seems like losing the opportunity and lagging in the competition.”

In 2021, in keeping with Soham Chokshi, CEO and Co-founder at Shipsy, the most important themes which can dominate will likely be vaccine procurement and distribution together with provide catching up with the demand as financial actions come to full swing.

“We expect demand to keep building up till the Q2 of this calendar year with rates normalcy kicking in towards the end of summers. The record low interest rates globally would help businesses, as also witnessed in rising commodity prices, it looks like 2021 will bring in strong positivity and economic growth,” Choksi mentioned.

Naman Vijay, CEO and Co-founder of ClickPost, emphasised affect of the e-commerce enterprise on the logistics sector.

“E-commerce sector has seen unprecedented adoption of technology during the pandemic and we see three major trends that will dominate logistics in 2021. Firstly, online retailers will prefer working with multiple courier partners to increase reach and reduce shipping costs,” Vijay mentioned.

Secondly, the net customers will anticipate real-time cargo monitoring for his or her orders, and thirdly, e-commerce firms will make investments considerably in automating logistics processes to enhance long-term profitability, the ClickPost CEO mentioned.

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