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 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
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
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
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
