The Economic Times Supply Chain & Logistics Conclave 2024 Launches in New Delhi to Shape India's Logistics Future

The highly anticipated Economic Times Supply Chain & Logistics Conclave 2024 has officially begun today at the Hyatt Regency, New Delhi. This significant event unites industry leaders, policymakers, and experts to discuss the current trends and future directions of India's logistics sector, a vital component of the nation's trade and commerce.

The logistics sector is crucial in supporting India's import and export activities, significantly contributing to the country's economic growth. Despite road transportation currently handling 66% of freight movement, the industry is rapidly evolving beyond traditional functions. The shift towards specialized logistics functions is fostering end-to-end product planning, last-mile delivery services, predictive planning, and analytics. This evolution positions the sector to contribute 14.4% of the GDP, aligning with India's ambitious goal of becoming a USD 26 trillion economy by FY48.

Addressing the necessity to reduce logistics and supply chain costs to single-digit percentages of GDP, both the government and industry players are optimizing strategies and leveraging technological advancements such as electric vehicles, hydrogen technology, and connected ecosystems to reduce operational costs. The 4th edition of the Supply Chain & Logistics Conclave highlights the critical need for a more sustainable and efficient logistics sector in India. This event will explore how innovation and technology can pave the way for a greener future, focusing on digitization, sustainable transport solutions, and connected technology.

The conclave promises a day of insightful sessions, networking opportunities, and strategic discussions, setting the stage for a transformative future in India's logistics and supply chain landscape. The event features over seven sessions with more than 30 eminent speakers and 200+ senior executives in attendance. Key discussion points include enhancing global competitiveness by building agile supply chains, policy and government initiatives for strengthening supply chain infrastructure, positioning India as the next big global logistics hub, building future-ready tech-driven supply chains, the digital supply chain as the building blocks of the future, and innovative solutions for sustainable urban deliveries. Focus industries at the event include auto, retail, FMCG, pharma, telecom, e-commerce, aerospace, and defense.

Some of the key speakers at the event include Kishore Jayaraman OBE, President - India & South, Rolls-Royce; Ramesh Kumar Verma, Deputy Secretary, DPIIT, Logistics Division; Sukumar Kameswaran, CEO, TVS Supply Chain Solutions; Umesh Madhyan, President - Logistics, Hindustan Coca Cola Beverages; Ranganathan Vaidyanathan Iyer, Group CIO & Senior EVP, JBM Group; Manoranjan Kumar, Chief Ports Officer, ArcelorMittal Nippon Steel India (AM/NS India); Sourabh Raghuvanshi, VP and Head- Supply Chain, Lava International Limited; Rajni Gupta, AVP Manufacturing and Supply Chain/SCC Head, Jubilant Foodworks; and Himanshu Gupta, Associate Director- Supply Planning and Logistics, Africa, Middle East, and South Asia, PepsiCo.