AI led logistics processes to gain prominence in 2019

Nishith Rastogi, CEO, Locus  “Logistics industry had an exciting journey in the year 2018. From passing the e-way bill, rolling out GST, granting ‘infrastructure’ status to the logistics sector and passing the drone regulations 1.0; India indeed focussed on the logistics industry this year. 2019 will be the year of Artificial Intelligence in the logistics sector. AI is already helping businesses in cost-effectiveness, operational efficiencies, hassle-free procedures and efficient last mile deliveries for better end-user experience. With business demands rising, and companies expanding their horizons, expect supply chain problems to…

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UP vs Haryana:Comparative analysis of warehousing potential

Anant Jain* The warehousing sector forms the backbone of the distribution of goods in an economy. A strong economy usually has a strong logistics sector to ensure that the goods and services produced and imported are distributed to the end users. Owing to modernisation and economic growth and reforms, a surge is expected in the warehousing sector. Primarily, the growth in e-commerce, improved infrastructure and the implementation of the GST is responsible for this surge. The e-commerce market has seen exponential growth in the recent past and is expected to…

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Express Logistics outpacing normal growth

Abhik Mitra, MD, Spoton Logistics   The Indian express logistics industry is recording above normal growth thanks to resurgent economy, stabilization of GST, ample focus on local manufacturing through ‘Make in India’ initiative, increasing FDI inflows into the sector and growing acceptance of e-commerce. We should expect to see growth beyond 15% CAGR over the next few years as industry players capitalize on the momentum to expand and consolidate their operations. We should expect to see some exciting developments, driven by government, industry and company initiatives. Some of the trends…

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Digitisation – Transforming logistics and supply chain management

Samir Lambay   With the aggressive pace of economic growth, India is on a fast track to development, powered by innovation and disruption across key sectors, encouraging government policies and robust and aggressive growth in IT. Globally, as in India, the logistics sector is undergoing an unprecedented transformation fuelled by innovations in IT and digitisation. Despite this, the Indian logistics sector, regarded as the backbone of a healthy economy, is highly fragmented and unorganised. As a result, the logistics spends in India currently amounts to 14-15% of GDP compared to the…

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GST enters Year 2 – Real Estate Still Flummoxed

Anuj Puri, Chairman – ANAROCK Property Consultants The landmark reform of Goods & Services Tax (GST) was, in many ways, the final bullet shot to the Indian real estate sector in July 2017. The industry was already reeling under the immediate impact of DeMo and RERA. GST was touted to be a gamechanger for all sectors including real estate. It was largely anticipated that GST will provide a much-needed respite to homebuyers by way of reduced property prices. Unfortunately, with GST completing one year, it emerges that these expectations were unrealistic.…

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Decoding Logistics for SMEs

Samir Lambay, CEO and Co-Founder,  FreightCrate Logistics plays a vital role in the success of any business. For SME’s who are already dealing with razor thin profit margins, inefficient logistics can impact costs and also hinder sales. Often, dealing with multiple freight forwarders stakes a toll on resources, impacting productive man-hours. However, organised logistics is helping tackle some key areas that can help transform logistics from an arduous and expensive process to a cost effective, accurate and profitable exercise. Listed herewith are some key challenges and how these could be decoded…

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Supply Chain Digitization: Evolving Right Framework

Aval Sethi   Digitisation is undergoing changes owing to e-commerce and consumer habits such that companies are regularly revisiting their IT plans more often. There is still a cloud over where to get started when it comes to digitisation. Though there are no certain ways of figuring out the right framework for going digital, there are certain methodologies that will help figure out digital solutions sooner. Insights can be collected from sensors, distributed data and connected assets to gather actionable improvements through digital and analytical solutions. The idea is to…

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Drones can be an asset for last mile delivery

Nishith Rastogi, CEO & Co-founder, Locus   Mentions of the term “drone” in India are often associated with negative connotations. The reality is far different. Productive usage of drone related innovations now has the eyes and ears of Government of India (GoI) and Directorate General of Civil Aviation (DGCA). As a result of sustained efforts by Indian industry players, commercial drone users and defence authorities, regulations regarding drone usage are picking up steam. Now add to this the fact that India is touted to be among the world’s fastest growing…

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Green shoots of recovery in capital goods cycle

Jaikishan J Parmar, Research Analyst, Angel Broking The Index of industrial production (IIP) for the month of February 2018 grew by 7.1% on a YOY basis. Among the three key sectoral components of IIP, mining posted negative growth of (-0.3%) while electricity grew at 4.5%. The positive surprise continued to come from manufacturing which showed 8.7% growth in the month of February. Interestingly, the IIP mix is a lot more broad-based this time around with 15 out of the 23 industry groups showing positive growth in IIP. Over the last…

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5 strategies to keep supply chain intact when disaster strikes

Leona Harrison,  Analyst, Specialty Fuel Services As manufacturers are looking to source quality goods at the cheapest price, supply chains that were once found in a single country are now spread around the world. While managers have learned to address recurrent risks such as low impact incidents, supply delays, and demand fluctuations, they have not thought about designing supply chains that can mitigate or prevent the impact of risks such as political unrest, labor strikes and, natural disasters. Some of these events can have severe repercussions on the operations hence…

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