INDIA’s logistics segment has achieved 75 per cent normalcy and is almost near pre-lockdown levels. There are hopes that it will be normal in the next couple of months. Even during the lockdown, the roadways and the railways had been less affected when compared to the airways and waterways. The major impediment had been the disruption in services due to the absence of truck drivers.
We can expect that the logistics industry in India stands to benefit in the coming days, with opportunities ironically arising from a difficult environment brought forth by the COVID-19 crisis. The Major change in culture of online purchasing and WFH saga have been key to the growth of logistic segment worldwide.
Major trends observed has been the substantial rise in e-commerce segment, leading the market players to re-evaluate their logistics footprint and seek a decentralised approach that can offer greater flexibility and proximity to major centres, to insulate supply chains in a better manner against such unprecedented scenario.
The larger macro trend for 2021 is around the speed of deliveries, on which consumer happiness hinges. Another trend is managing customers during deliveries. Shippers will look for increased reliability from carriers. Companies will want easy communication and complete visibility across all legs of the supply chain. “Incumbent carriers will face increasing competition from niche players in the last and middle-mile transportation movement, which, in turn, will drive incumbents to adopt new operating models.
Last mile deliveries are more preferred so-called End-to-End logistics. Robotics and technology such as drones are set to occupy the space in the future of the logistics arena in offering new-age solutions driving cost reduction, convenience, and delivery cycle. E-Vehicles carries are also projected as next generation Commercial Vehicles for absolutely pollution free vehicles.
The government is currently working on a National Logistics Policy in order to promote seamless movement of goods across the country, the implementation of which is expected to augment investment in the sector significantly. Thus Ensuring better quality of services in remote areas.
BENEFICIARIES : TCI EXPRESS, AEGIS LOGISTICS, CONCOR, VRL LOGISTICS, GATEWAY DISTRIPACKS
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