Advancements in digital technologies, changing consumer preferences due to eCommerce, government reforms, and shift in service sourcing strategies are expected to lead the transformation of the Indian logistics ecosystem.
Online freight platforms and aggregators are on the rise in the Indian logistics market, given the need for low entry barriers and less capital investment compared to setting up of an asset-based business model. Manufacturing in India holds the potential to contribute a significant part to the GDP which will drive the growth of the warehousing segment in India.
Grant of infrastructure status to logistics, the introduction of the E-Way Bill, and GST implementation are set to streamline the logistics sector in India and become a major growth driver of the logistics industry. eCommerce is another major segment that is expected to contribute to the growth of the logistics industry.
The many skills that the industry requires can be sourced with the support of Ushankk, a specialist in providing staffing solutions, who is familiar with the landscape and has a team who does this day in and day out.
Increasing investments and trade points toward a healthy outlook for the Indian freight sector. Port capacity is expected to grow while the Indian Railways aims to increase its freight traffic. Freight traffic at airports in India also has substantial scope for growth.
The nimbleness that Ushankk can provide will be critical for Supply Chain and Logistics businesses to survive and thrive.