This sector, critical to the global economy, has undergone a significant transformation, propelled by advancements in technology and changing market dynamics. The growing Indian logistics industry was valued at approximately USD 274 billion in 2022 and is anticipated to reach USD 563 billion, achieving a Compound Annual Growth Rate (CAGR) of 9.4 per cent by 2030. In an era where efficiency, cost-effectiveness, and sustainability are more than just buzzwords, logistics companies are increasingly turning to technology to streamline their operations and enhance customer satisfaction.
TRANSFORMATIVE TECHNOLOGIES IN LOGISTICS: THE EVOLUTION OF FIRST, MID, AND LAST MILE SERVICES
Transformative technologies have significantly redefined first, mid, and last-mile services, marking a new era of efficiency and customer-centricity. The advent of network planning and artificial intelligence algorithms has revolutionised hyper local deliveries, enabling logistics companies to optimise routes and reduce delivery times dramatically. One of the innovations that remarkably revolutionised the industry is
FIRST-MILE INNOVATIONS:
The first mile of logistics, which involves collecting goods from producers or manufacturers, has seen transformative changes. Automated scheduling and pickup systems are now standard, reducing manual intervention and enhancing efficiency. Additionally, IoT-enabled devices are increasingly used for inventory management, allowing for accurate tracking of goods from the moment they leave the production line.
MID-MILE ADVANCEMENTS:
Esta historia es de la edición December 2023 de Commercial Vehicle.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 2023 de Commercial Vehicle.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Tesla Robotaxi plans face scrutiny
Tesla’s investors are set to question CEO Elon Musk on the company’s robotaxi plans during its quarterly earnings report, after a hyped reveal without key details led to a dip in shares.
Open Telematics software
Cummins has partnered with Bosch Global Software and KPIT to launch Eclipse CANought, an open-source project for commercial vehicle telematics under the Eclipse Software Defined Vehicle initiative.
SML Isuzu Annual Dealer Conference 2024
From 13th to 17th September 2024, SML Isuzu Ltd hosted its Annual Dealer Conference in Dubai. The event brought together 70 pan-India domestic and Internal dealers, creating a platform for strategic discussions and unveiling the Annual Operating Plan (AOP).
District Version of PMGatiShakti National Master Plan for 27 aspirational districts
Union Minister of Commerce and Industry, Piyush Goyal, launched the district version of the PM GatiShakti National Master Plan for 27 aspirational districts, marking the third anniversary of the PM GatiShakti initiative.
The Best Of Automechanika Frankfurt 24
The 27th edition of Automechanika Frankfurt got underway, marking the return of the largest B2B aftermarket trade fair for the global automotive industry, writes Ashish Bhatia.
64th SIAM Annual Convention
The 64th SIAM Annual Convention focused on mobility strategies for advancing the industry. The eyes are on a sustainable future by 2047, writes Richa Tyagi.
Commercial Playsets
Even as the Indian automobile industry touches new heights and innovations, it is the commercial mobility play sets that continue to be a major draw. It is a good starting point for the next generation, writes Prajakta Chavan Rane from her plant sojourn.
Transforming India's Roads - The Urgent Need For Commercial Vehicle
The CV sector, a cornerstone of India's economy plays a pivotal role in driving growth and serving as the backbone of the logistics industry, writes Chidambaram Balaji, Regional Product Line Leader (India) Chassis Control, ZF India.
NAGPUR-MUMBAI SAMRUDDHI EXPRESSWAY FOR TRANSPORTERS
The Nagpur-Mumbai Samruddhi Expressway, a transformative project in Maharashtra, promises to enhance connectivity and spur economic growth. Upendra Kasbekar checks the on ground progress.
Elevating Customer Value Proposition
Guru Ram Das Body Builders has significantly evolved to enhance the customer value proposition. It has adeptly adjusted to the changing commercial vehicle market, writes Ashish Bhatia.
