What is the future of logistics in India?

Low investment in tech But change is in the air and India’s logistics industry is becoming organised and technology-driven. Currently, India’s logistics sector is valued at $160 billion and employs over 22 million people directly. It is expected to grow at a CAGR of 10 per cent to $215 billion by 2022.

Is there a future in logistics?

The logistics industry is going through an unprecedented and rapid transformation, paving the way for innovation and upheaval in the near future. A myriad of emerging technologies are shaping the future of logistics. The changing customer requirements are a key factor in shaping the technologies used by the industry.

Is logistics a growing industry?

Global Logistics Industry Outlook According to Research and Markets, “the global logistics market was worth 10.32 Billion USD in 2017 and it is estimated to grow to 12.68 Billion USD by 2023 with a CAGR (compound annual growth rate) of 3.49\% between 2017 and 2023.”

Which is the No 1 logistics company in India?

1. Aramex Logistics Company

Parameters	Aramex
Pin Code Reach	8000+ in India, 220+ Countries globally
Value-Added Services and Benefits	Express Delivery, COD, Co-packaging, Bulk Shipping
Founded In	1997
No. of Employees	10000 in India, 66000 globally

Is logistics business profitable in India?

It is without saying the logistics industry is very lucrative across the world. Any individual can start a business in this industry with moderate capital investment. Therefore, the Indian logistic industry creates numerous small-scale and large-scale business opportunities for new entrepreneurs.

Why are logistic costs so high in India?

Slow pace of digital adoption: Lack of an organised players and an overall slow pace of digital adoption for businesses, especially among the tier 2 and tier 3 MSME and cottage industry players, is further delaying digital adoption for logistics and supply chain management, which in turn, contributes to higher costs.

What will logistics look like in the future?

“The future of logistics is bright — and highly automated. AI software will reduce errors and lower shipping costs. Driverless trucks will provide more effective, faster delivery between major warehouses and cities. And pilotless drones will handle last-mile delivery to customers.

Is logistics a good business?

The transport and logistics business can be very profitable, but it is also highly competitive. Many entrepreneurs try to get into the business, but they end up failing. Building a successful transport and logistics business is more than just choosing good routes or delivering goods faster.

Are logistics companies profitable?

The logistics company is one of the most profitable transportation business to start with moderate capital investment. The area of operation is vast. Logistics business is generally a particular business and implementation of a complicated process.

Which logistics Does Amazon use?

8 Official Courier Partners for Shipping Amazon Orders in India

• 1.1 Shipped by Amazon.
• 1.2 BlueDart.
• 1.3 FedEx.
• 1.4 Delhivery.
• 1.5 eCom Express.
• 1.6 Aramex.
• 1.7 Indian Post Service.
• 1.8 Gati.

Who is the richest transporter in India?

Top 10 Logistics Companies in India

• Adani Logistics Company.
• Future Supply Chain Solutions Ltd.
• Gateway Distriparks Limited.
• TCI Express Ltd.
• VRL Logistics Ltd.
• Transport Corporation of India Ltd.
• Mahindra Logistics Ltd.
• Aegis Logistics Ltd.

Is there good money in logistics?

First, the good news: there’s money to be made in logistics. Businesses spend trillions of dollars on logistics every year, and transportation can take up 80 percent of a company’s logistics budget. Companies need to hire people who can keep costs low, so logistics and transportation experts are in demand.

Should you invest in India’s port and logistics sector in 2019?

Both ports and logistics companies are ripe for investments and brokerages including JM Financial and JP Morgan, and research firms such as Bloomberg Intelligence are bullish on the prospects of India’s port and logistics sector in 2019.

What is the future of logistics industry in India?

About Logistics. The Indian logistics sector valued at USD 160 bn in 2019, is expected to become worth USD 215 bn in the next two years. India’s rank has gone up from 54 in 2014 to 44 in 2018 in the World Bank’s Logistics Performance Index (LPI), in terms of overall logistics performance. Explore Opportunities.

What is the importance of ports and shipping industry in India?

The Indian ports and shipping industry play a vital role in sustaining growth in the country’s trade and commerce. India is the sixteenth-largest maritime country in the world with a coastline of about 7,517 kms. The Indian Government plays an important role in supporting the ports sector.

What is the future outlook for Indian ports?

Increasing investment and cargo traffic point towards a healthy outlook for the Indian ports sector. Providers of services such as operation and maintenance (O&M), pilotage and harbouring and marine assets such as barges and dredgers are benefiting from these investments.