With the Indian logistics sector having taken centre-stage of government reforms, moving towards an integrated ecosystem is pertinent for holistic growth of the sector, as recommended in a thought paper jointly produced by ASSOCHAM and Deloitte.
The paper, titled ‘India-On the cusp of a logistics revolution’, noted some of the continuing concerns impeding the growth of logistics sector including inadequate infrastructure, slow rate of digital adoption, lack of sufficiently skilled labour, poor quality and performance standards, and regulatory hurdles.
In light of these, a key recommendation of the paper is the need for achieving integrated end-to-end logistics for ensuring easier and “smoother interface among logistics stakeholders for seamless delivery.” It focuses on how integrated end-to-end logistics network with the required infrastructure facilities, and a digital and services platform can lead to improved efficiencies in the sector.
Commenting on India’s potential to develop a globally competitive logistics sector, Peeyush Naidu, Partner, Deloitte India, said, “Government of India has, over the last year, taken a number of initiatives to improve logistics performance. Setting up a dedicated Logistics Cell in the Ministry of Commerce & Industry, granting logistics infrastructure status, implementation of GST, and conducting a pan-India study on logistics ease across different states has been some of them. It has established a baseline of logistics performance across states and generated keen interest in logistics at state level. In focus now are integrated end-to-end logistics network, greater adoption of technology, and digitalization.”