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
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
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
