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
Bharat Mobility 2025 The Motor Show Preview
The Bharat Mobility Global Expo 2025, slated for January 17-22, is ready to dazzle the world with its expansive and innovative display of automotive and mobility solutions
Driving India Towards A Safer And More Sustainable Future
The Scrappage Policy is a golden opportunity to reshape the future of India's commercial vehicle industry, writes Satyakam Arya Managing Director & CEO, of Daimler India Commercial Vehicles.
Decoding Powertrain Plurism In CVs
India's automotive industry is in a period of significant transformation, balancing traditional market dynamics with evolving regulatory landscape and consumer preferences
Eagle Bus Soars Higher With Eicher
How a bold vision and a reliable partnership with Eicher propelled Vijay Kumar's Eagle Bus Services to new heights
Legacy Brand Renewed Purpose
As Godrej Enterprises Group celebrates its 127Th anniversary, the company unveiled a bold vision to chart a sustainable and innovative path forward
Navigating Global CV Trade
Rising protectionism and shifting geopolitical dynamics are posing serious challenges to commercial vehicle export prospects, asserts
ZF Group sells a 4.3 per cent stake in CVS
ZF Group has sold a 4.32 per cent stake in its Indian subsidiary, ZF Commercial Vehicles Control System (CVS) India, for Rs.1,022 crore as per its release.
Ashok Leyland expands aftersales network
Ashok Leyland has inaugurated a dealership for Light Commercial Vehicles (LCVS) in Siliguri, West Bengal.
Anurag Dubey moves from IPL Tech to Sany India
The Indian subsidiary of Sany, one of the world's largest heavy equipment manufacturers, is learned to have drawn up a new strategy to tap the Indian heavy commercial vehicle market.
IIT-Madras launches Al-driven rating app for truck drivers
The Centre of Excellence for Zero Emission Trucking (COEZET) at IIT Madras recently launched two major projects during the event 'Get ZET - Shifting Gears to Zero Emission Trucking, held at the IIT Madras Research Park.
