Logistics and Distribution: Key Trends and contribution to Indian economy

Logistics and Distribution sector is already be playing a fairly important role in your life. It is among the sunshine sectors of India GDP. Logistics sector has grown by leaps and bounds over last decade. India logistics cost as %GDP has improved from 16% to 10% and will reach 9% by end of year 2025.   Background : Logistics has contributed significantly towards economic growth. Managing warehouse and transportation operations is one of the toughest jobs and require superhuman efforts and rigour for perfect execution. Warehouse operations are unloading of goods, storing them accurately in safe and hygienic environment and picking and loading goods to service customer orders. Transportation is about movement of goods from source to destination location. E- commerce businesses are largely supported by logistics delivery models to service customer orders.  Importance of Logistics: A company generates money when it makes a sale to the customer. Sales will not happen if distribution centres do not load and dispatch the goods and transporter connects it to the customer on timely basis. Similarly, factories will run when they have sufficient Raw and Packing materials for production of goods. Product flow in supply chain network is enabled by logistics  and essential to ensure goods delivery to the consumers.  Key trends in logistics are:  1.Building resilient supply chains: Logistics keep the business running. Storage and movement of goods is essential to ensure business continuity and it connects materials from suppliers to factories and products from manufacturers to consumers. With significant improvement in logistics operations, better highway connectivity and tech enabled control tower operations, reliability has significantly improved in logistics  and  supply chain.  2. The future of freight: With new highways