E-Logistics, or the management of logistical resources via the Internet, has emerged as the essential subsystem and key factor in gaining a competitive advantage in manufacturing supply chains. Traditionally, logistics was relegated to purchasing and transportation divisions and had little visibility within organisations. To stay relevant and ahead of competitors, enterprises today require faster go-to-market on logistics and network orchestration, to offer on-promise deliveries and unmatched customer experience. Traceability is also an important factor in any business’s success, and many control tower-backed logistics enablement platforms with key skills and expertise are playing a major role by providing full supply chain visibility, flexibility, and own logistics like control, through an asset lite regional logistics network.
In India, logistics and supply chain is a substantial industry, greatly contributing to both GDP and employment. The Indian logistics industry was worth USD 160 billion in 2018 and engaged approximately 22 million people. Its market size is projected to grow at a 16 percent annual rate, reaching USD 215 billion in 2020 and USD 500 billion by 2025. India’s E-commerce industry is large and expanding rapidly, which will benefit the logistics sector even more. The future of E-logistics in the Internet-based economy looks bright since time-to-market and product delivery times will decline. Here are some of the industries that will get E-logistic touch and add to domains growth:
E-commerce Industry
In the fast-growing world of online retail, customers expect their orders to arrive quickly. Fast-track E-logistics services can give online stores an advantage in terms of boosting orders and building customer loyalty. E-commerce players can easily integrate the Internet of Things (IoT), Artificial Intelligence, Business Intelligence, Big Data Analysis, and Robotics to provide smart e-logistics solutions while reducing costs and errors and delays.
Food and Beverage Industry
The food and beverage industries rely on a consistent and timely supply of raw materials. Transportation and E-logistics can play a vital contribution to the success of the food industry as the ingredients needed come from many distinct geographical locations, sometimes halfway around the world. Additionally, since food and beverage products have a fixed shelf life, E-logistics solutions can provide real-time visibility while also streamlining backed operations.
Manufacturing Industry
A manufacturing company requires to take out core material from their warehouse as shortly as possible. However, some delays may prevent the product from reaching the market on time, but this can be compensated for if the manufacturing company has an expedited shipping solution on hand. With E-logistics touch, the manufacturing industry can keep the company running and fulfil the obligation and commitment to clients and distributors. Shipping and logistics that are on time will increase the profitability of the business by reducing downtime, excessive inventory costs, and missed delivery deadlines.
Pharmaceutical Industry
While the pharmaceutical industry deals with life-or-death situations on a daily basis, having the proper medication supply chain is critical. If a medication shipment is interrupted, it can have a major impact on the level of care that patients receive. E-logistics shipping providers in the pharmaceutical industry ensure compliance with security requirements and regulatory standards that keep medicines at the correct temperature by following appropriate precautions.
E-Logistics services will offer a complete solution for many industries, including transportation planning, warehouse management, port management, scheduling ships/airways/rail on a larger scale, and task organisation at the plant and store level. E-Logistics will provide a centralised network that suppliers, warehouse managers, manufacturers, transporters, and retailers/distributors can use. This improves the overall process and eliminates unnecessary overheads.
Anuj Jain
