The question is being answered in the Indian context:-
The recent Indian logistics sector comprises inbound and outbound segments of the manufacturing and services supply chains. Of late, the logistics infrastructure has gained the much-needed boost from business houses as well as policymakers. Managing the infrastructure to effectively compete with other industries has not been given its due emphasis. Inadequate logistics infrastructure can create bottlenecks in the growth of an economy. The logistics management regimen has the capability to overcome the disadvantages while providing cutting-edge competitiveness in the long run. There exist several challenges and opportunities for the sector in the Indian economy.
Challenges Faced By the Logistics Industry in India
The biggest challenge faced by the industry today is poor integration of transport networks, information technology and warehouse & distribution facilities. Regulations existing at different tiers are imposed by national, regional and local authorities. However, the regulations differ from city to city, hindering the creation of national networks. Trained manpower is essential for the third party logistics sector and the manufacturing and retailing sectors. It is lacking at the IT, driving and warehouse as well as at the higher strategic level. The sector is in a disorganised state in India. The general perception of logistics being a manpower-driven industry and lack of adequate training institutions have created crisis of skilled management and client service personnel. Poor facilities and management are reasons behind high levels of loss, damage of stock, mainly in the perishable sector. The problem arises mainly because of the absence of specialist equipment, like proper refrigerators. Lack of quality training is another reason
Route2Market has not only combatted all these issues with utmost efficiency but also accelerated the logistics operation to an extent that has minimised errors and promoted overall development of the industry.
Solutions to Some of the Challenges
Infrastructure is the backbone of every country’s growth and prosperity. The same is true for the logistics industry. Emphasis should be laid on building world-class road networks, integrated rail corridors, modern cargo facilities at airports. Route2Market has a specialised international standard logistics park situated in the most industrially important location in Delhi NCR- Om Kiran Logistics Park.
We at Route2Market not only support you in setting up and establishing your business in Indian market but also helps in marketing your brands through offline as well as online, establishing own marketplace if needed besides tying up with other leading online market places and developing the required offline distribution network and much more, while taking care of your freight, storage, warehousing and distribution activities.
Legal registration of your business to recruiting dedicated sales and marketing to management grade people, fully furnished and well equipped office space, warehousing and logistics, whatever infrastructures are required, is readily available.
It is estimated that the industry will continue to grow at a robust rate of 10-15 per cent annually.
The growth is backed by the boom in the e-commerce sector and expansionary policies of the FMCG firms.
Author of the blog – https://www.linkedin.com/in/camittal/
Check out our site – http://route2.market
Our network partners-
- Warehouse on fixed or flexible term basis @ OmKiran Logistics Park, Delhi NCR
- Storage optimization, dispatch scheduling & logistics coordination
- CnF, super stockist, distribution support (reference & introduction will be shared in case of non food items)
- Shared office with secretarial & administrative support @ sector 19, Noida (website coming up soon)
- Online onboarding via our portal https://www.nshmart.com/ & market place tie up with Amazon, Flipkart and PayTM