The growth prospects of the logistics sector are closely linked to economic growth and foreign trade. Booming retail trade was expected to provide a fillip to the growth of the logistics industry. While growth of organized retail trade has slowed down, the sector has not lost steam.
India has a vast territory and hence, implementing a smooth supply chain model poses a challenge. Consider the case of food products in India. The Indian supply chain for food products is characterised by extensive wastage and poor handling. The wastage occurs because of multiple points of manual handling, inadequate packaging and cold storage facilities. The physical wastage is one component of the inefficiency in the supply chain. There are other problems as well, in terms of the deterioration in quality and the cost of intermediation in the food chain. To avoid all this, there is need to have appropriate infrastructure for storage and transportation.
Thus, logistics plays an important role in any economy.
& we are the part of this path to play a vital role with our organization.
