India’s goal of becoming a multimodal logistics hub
India is transforming to become the fifth-largest economy. The regulatory environment is complicated and fragmented, with 200 shipping agencies, 36 logistics services, 129 inland container depots, 168 container freight terminals, and innumerable intermediaries. Its logistics system is estimated to be worth $200 billion.
To achieve India’s goal of becoming a multimodal logistics hub, infrastructure projects such as Sagarmala for waterways, Bharatmala for roads, Dedicated Freight Corridor, and National Master Plan for multimodal connectivity is getting a lot of attention. The industry must strive to establish a self-reliant and agile network to overcome its ongoing supply chain problems in light of progressive developmental initiatives.
Supply chain digitalization
Maintaining open lines of communication and transparency throughout the end-to-end supply chain operations of planning, sourcing, making, delivering, and returning is essential for enabling digitalization. Before embracing digitalization, digitalize your operations; in other words, business transformation begins with process automation.
Digitalization is the only method to create integrated and optimized logistics operations across all modes, from enabling trucking companies to operate electronically to helping shippers and supply chain players create an utterly optimized value chain.
The right technology platform can bring components like planning, booking, execution, tracking, and settling together in one place – to create effective, economical, and resilient supply chain processes.
The right technology partner
Digital technologies are transforming the Indian Logistics sector; a platform that enables full end-to-end supply chain orchestration along your logistic journey will help you plan more effectively and react to systemic changes with accuracy.
Technology providers with deep expertise in logistic execution, visibility solutions, and sourcing and procurement will assist supply chain with dynamic situations that may arise during the journey.
Customers can act and respond proactively to supply chain changes using technological solutions, from planning and sourcing to last-mile delivery. Since the data can be stored on a single platform, collaboration with several stakeholders, such as suppliers, logistics providers, carriers, government agencies, and intermediaries, can be seamless.
A data creator with links in the actual world can provide more accurate current and predictive insights than a data aggregator. Data is a vital component of digital transformation, particularly when it comes to capabilities for real-time visibility and shipment planning.
When it comes to decreasing high logistics costs, developing cost-effective route planning, selecting the best carriers, maximizing equipment usage, minimizing empty miles, and tracking shipments door-to-door with the ability to manage exceptions can be game changers.
Digitization of the supply chain is now required, not an option. Players can modernize their logistics operations, stay flexible, and reduce costs by creating a resilient network through supply chain digitization and contemporary technologies.