How E-commerce Logistics Is Transforming The Auto Industry

A recent Deloitte report pegged the Indian logistics industry as one of the fastest growing express industry globally. Growing at a CAGR of 15% over the past five years, it is estimated to be worth INR 22,000 cr in FY17.With the e-commerce boom and the rise of a number of high profile companies, it will be surprising to note that this sector makes up only 5% of the entire market at present. However, it is this tiny chunk of the market that is drawing the other segments into a sort of revolution. The largest chunk of the logistics market is the burgeoning automotive and…

5 Challenges That Are Holding Automotive Supply Chain Back

India is on the verge of becoming the world’s third-largest auto manufacturer by 2020 but unfortunately, India’s logistics cost as a per cent of sales is at least 30% higher than China mainly because of inefficiencies. The major challenge for Indian supply chain professionals is to build a supply chain that is prepared for long-term growth but at the same time is also lean enough to handle market volatilities. Increasing competition and narrowing margins have put immense pressure on the OEMs and auto component manufacturers. Let’s take a look at 5 major challenges being faced by Indian automotive industry.Inefficient Capacity…

5 Trends in Logistics That Are Likely to Dominate in 2018

For the logistics sector, 2018 will be seen as the year to capitalize on the major changes that have taken place in 2017. With new initiatives such as the introduction of GST, E-way compliance bill, ‘Infrastructure’ status granted to logistics, the Government is putting its full weight behind the logistics industry in the country. The coming year will tell us if companies in the sector can rise up and use the impetus provided by the Government. In an increasingly globalized world, the Indian market is set to face fierce competition from global giants. The only way to keep abreast of…