The rising trend of e-commerce and retail online shopping has directly led to the improvement of distribution performance. In addition to the continuous expansion of the operating territory of local distribution companies, offline retail and mass stores have begun to carry out a series of measures to shorten delivery time and improve service quality.
E-commerce has taken the retail industry by storm and is expected to continue to grow in the coming years. At the same time, consumer spending habits change, as well as changes in the way suppliers and manufacturers respond to this growth. The rise of e-commerce in particular is changing the way warehouses are designed and operated.
Electric vehicles are only a small part of the future mobility trend. The future trend is not only electric vehicles, but also generates hidden business opportunities, and the opportunities are endless.
In response to the supply chain challenges brought about by the epidemic, the layout of the supply chain will become more resilient-oriented, that is, willing to sacrifice some of the high cost and efficiency indicators in exchange for the flexibility and resilience of supply chain management.
The global logistics industry bears the brunt of the outbreak of the epidemic. In the early days of the epidemic, cities were closed, borders were closed, and flights were suspended, but at the same time, the demand for personal protective equipment and daily necessities also reached its peak. The surge in e-commerce shopping has put additional pressure on the global supply chain, and the recent delivery of vaccines has also added challenges to the supply chain. Life in the post-epidemic era is something the world is paying close attention to. What will the global logistics situation look like at that time? Of the innovations and shifts adopted during the pandemic, which ones will persist and impact international shipments? This article will answer them one by one.
India’s logistic market overview:
The Indian logistics industry which provides employment to more than 22 million people has grown at a compound annual growth rate (CAGR) of 7.8 per cent during the last five years.
With the implementation of GST, the Indian logistics market is expected to reach about USD 215 billion in 2020, growing at a CAGR of 10.5 per.