Before diving into modern advancements, it’s important to understand “what do you mean by logistics management? “ In easy terms, the meaning of logistics management is planning, execution, and control of the movement and storage of goods, services, or statistics within a supply chain.
It has become an essential part of India’s business-economic sector. The industry has undergone various changes since the 1960s and is becoming more technology-oriented. Today, no business can survive without a solid and integrated logistic foundation.
The industry is an interplay of infrastructure, technology, and new logistic players. Logistic services comprise efficient transportation, distribution, warehousing, reverse logistics, packaging, inventory management, real-time tracking, and more. Logistics services providers dominate the market due to their wide range of integrated services. Moreover, changing government policies on taxation and service providers’ regulation will be crucial. In this blog, we will explore the evolution of logistics management and how it has shaped India’s landscape.
What Does A Logistics Company Do?
A business’s supply chain requires proper planning, management, implementation, and control of goods storage and movements. A logistics company makes it easy to run a business by carrying out all the necessities.
Besides, businesses can focus more on their core competencies and parallelly make their supply chain more effective. Their daily operations encompass various tasks, such as warehousing, inventory control, fleet coordination, distribution services, and packaging, ensuring that every aspect of the supply chain is efficiently managed.
Hiring logistic services is altogether a beneficial move. An experienced logistics services provider like Mega Pack and Carry will offer efficiency, professionalism, and reliability. Our team of experts ensures that we manage your company’s logistics and help with tedious logistics tasks.
The Role of Logistics in Today’s Business World
The evolution of logistics industry these days is an intricate interplay of infrastructure, technology, and service providers. In earlier days when logistics simply intended moving items from one point to some other. Today, logistics has turned out to be an advanced operation that consists of multiple aspects, such as:
- Efficient Transportation: It ensures timely and cost-effective modes of transportation.
- Warеhousе Sеrvicеs: Safe and secure storage of goods before they reach their final destination.
- Distribution: It ensures the correct products are delivered to the correct locations.
- Reverse Logistics: It makes handling returns and exchanges efficient.
- Real-Time Tracking: Offers transparency by allowing customers and business owners to track shipments in real-time.
- Inventory Management: Ensuring optimal stock levels at all times.
Due to the rise of eCommerce and globalization, the logistics industry started adopting these complicated services, making this essential part of the business very easy. They offer integrated logistics solutions to ensure business owners can focus on their core work while leaving supply management control to the experts.
The History of Logistics Management
It started with its roots in military operations during the 1960s, focusing on delivering essential components. Over time, the evolution of logistics followed these concepts to enhance their supply chains. The evolution is divided into 3 phases: before the 1960s, logistics turned mainly to transportation; from the 1960s to 1990s, it became more strategic, which included warehousing and distribution; and from the 2000s onward, logistics has embraced technology like AI, automation, and real-time monitoring to optimize supply chain management.
The Current Scenario of the Indian Logistics Industry
In recent years, the Indian logistics sector has slowly and steadily moved away from old technologies. It is now adopting new-age technologies to rise to global standards.
In recent years, real-time tracking has boosted the logistics industry by increasing the transparency that a customer wants in any service. Along with customers, business owners can also track their shipments anytime, anywhere. This not only improves operational efficiency but also enhances customer trust.
Additionally, many logistics startup companies have majorly gained their foothold after the onset of the eCommerce industry. Big players like Flipkart, Snapdeal, and Amazon gave way to their in-house logistics services, and several startups are paving their way in the unorganized Indian logistics industry. This has indeed changed the industry’s outlook and policymakers are now interested in the industry.
Government Initiatives and Policy Changes
The role of the Indian government has also been pivotal in the evolution of logistics. Policies related to taxation, regulatory frameworks, and infrastructure improvement have been essential in shaping the industry. Recent government initiatives such as ‘Goods and Services Tax (GST)’ and ‘Make in India’ have simplified logistics, making it easier for businesses to operate throughout the country.
GST, especially, has unified India’s fragmented market by eliminating the need for multiple state taxes. Therefore, the efficiency of cross-state item movements is improving. This has greatly boosted the logistics industry, allowing businesses to streamline their operations and reduce costs.
The Impact of Technology on Logistics
The integration of advanced technology has transformed the logistics industry in the last few years. Technologies including GPS, RFID, AI, and blockchain have revolutionised how corporations manage their delivery chains.
- GPS and Real-Time Tracking: Provides clients and businesses with the ability to track shipments in real-time, improving transparency and trust.
- AI and Machine Learning: It lets companies optimise routes, predict demand, and systematically manage stock.
- Blockchain: Ensures transparency and safety in transactions, making supply chains more trustworthy and reliable.
With the adoption of technology for logistics, the process becomes quicker, extra transparent, and efficient.
Conclusion
In light of the COVID-19 pandemic, India’s transport and logistics sector has played a key role in essential and emergency passenger transport and supply of essential goods and drugs across the country. The country needs investment and technological adoption in transportation and logistics infrastructure for higher convenience, affordability, and remote connectivity. However, this requirement remains in the post-COVID-19 period too.
The current state of logistics in India is still emerging, and there is a long way to go before meeting global demands. However, several logistic companies are making their way out of challenges plaguing the industry. The country is highly dependent on the logistics and distribution system.
Therefore, MegaLTD logistics offers an integrated logistics solution for your business. We’re highly focused on providing customer satisfaction with our efficient and affordable services to various business verticals in need. You can get in touch with us for more information.
Nitin O Mahipal - MD of Mega group
Nitin O Mahipal, CEO and MD of Mega Group providing Transportation, 3PL and packing and moving services has earned his MBA in Logistics and Finance from the Cardiff University, UK. He expanded MEGA's services to FMCG, Retail, Pharma, Textiles, rubber and tyre MNC’s revolutionizing customer experience with digital initiatives like the Mega App. Under his leadership, MEGA's warehouse foot print grew from 50,000 to over 12 lac square feet space, PAN India Network of branches and Fleet of trucks, with transit times slashed to hours.
