We are entering a new era of the supply chain where humans and intelligent machines are collaborating to driving business results that have never been possible before. Before COVID-19, a vast majority of supply chain organizations felt that, they were capable of sensing and responding to disruptive events. But the new level of complexity introduced by the COVID-19 pandemic invalidated their capabilities and accelerated their investments in digital technology. A study found th

The digital transformation of the logistics industry in the next decade will unlock $1.5 trillion in business opportunities. The logistics industry can tap into this potential by utilizing cost-efficient technologies, optimizing transport management, implementing machine-driven process changes such as warehouse robotics and high-speed rail, and using software-based solutions such as AI and blockchain. These advancements have generated a surge in structured and unstructured da

The Union Budget 2023-24 was presented by Finance Minister Nirmala Sitharaman, marking the final budget of PM Narendra Modi's second term. The budget emphasized seven priorities: inclusive development, rural outreach, infrastructure and investment, unlocking potential, green growth, empowering the youth, and strengthening the financial sector. The most notable aspect of the budget was the five major changes to personal income tax, including revisions to the tax slab under the

Logistics and freight companies are currently confronting an era of unprecedented change, which is bringing both risk and opportunity for the sector. While digitalization and more collaborative operating models are enabling greater efficiency, the dynamic customer expectations, newer technologies, changing regulations, and threats from tech-savvy start-ups or the industry’s customers and suppliers are shaking up the industry. And, with an estimated projection of the global

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The logistics sector plays a crucial role in the Indian economy, representing 14.4% of the GDP. Intending to become a USD 5 trillion economy by 2025, India is working to improve its ranking on the Logistics Performance Index and reduce logistics costs from 14% to 8% of GDP within the next five years to become more competitive globally. The Indian government is already implementing various initiatives such as PM Gati Shakti, National Logistics Policy 2022, National Logistics

The growth and proliferation of digital technologies has led to a new paradigm in business known as digital transformation. The rise of the technologies like the cloud computing, artificial intelligence (AI), machine learning, and big data analytics have pushed the trend for digital transformation. Digital transformation has become an essential element for companies looking to compete in today’s market environment. It is a process that transforms an organization by improving

3D printing, or additive manufacturing (AM), has emerged as one of the most disruptive innovations to impact the logistics industry and the global supply chain. This latest technology projects to have a far-reaching impact on global supply chains and operations. Far from being the technology of the future, some claim that technology can help supply chain companies significantly reduce costs, overcome geopolitical risks/tariffs, improve customer service, reduce their carbon f