India has been one of the fastest-growing economies in recent times. However, our supply chain industry—the backbone of any economy—still lags behind. Currently, our supply chain costs range between 14-16%, while global averages stand at 7-9%. The fragmented structure of India’s supply chain industry often leads it to be viewed as a burden and a…
The Indian warehousing industry has seen remarkable growth since 2020, reaching a market value of INR 676 billion and is expected to grow at a CAGR of 9.1% between 2021 and 2026. Warehousing plays a crucial role in the logistics value chain, ensuring proper storage, sorting, and dissemination of goods.The industry’s expansion is driven by…
Electric trucks are transforming urban logistics by offering a sustainable, cost-effective alternative to diesel-powered trucks. Powered by rechargeable batteries, they produce zero emissions, have fewer mechanical components, and lower maintenance costs. While the initial cost is higher due to batteries, electric trucks offer long-term savings through reduced fuel and maintenance expenses. Governments also provide incentives…
Monsoons can be particularly challenging, especially for transport companies that play a vital role in keeping the nation running by ensuring the safe and timely delivery of required goods. There are essential precautions that should be followed by every company to keep goods secure during the monsoon: 1. Thorough Vehicle Inspections Before any journey,…
In the rapidly evolving world of global trade, supply chains have become the backbone of economic success, enabling countries to move goods efficiently across borders and continents. Each country faces its own set of challenges and opportunities, leading them to develop unique strategies that cater to their specific needs and strengths. By examining different…