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:
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Denne historien er fra December 2023-utgaven av Commercial Vehicle.
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100Th JK Truck Wheels Shop
JK Tyre & Industries reached a major milestone by inaugurating its 100th JK Truck Wheels brand shop in India, reinforcing its leadership in the Truck Bus Radial (TBR) segment and commitment to commercial vehicle solutions.
Bhopal Gas Tragedy: The Long Road To Disposal
Four decades later, 337-tonne of toxic waste in addition to 1.1 million tonnes of contaminated soil inches slowly towards disposal, writes Ashish Bhatia.
India Is Fighting Fit
In 2024, India's defence sector witnessed substantial developments in vehicle modernisation, infrastructure enhancement, and strategic partnerships, writes Ashish Bhatia.
Tata Motors flags off ebuses for staff transportation from Pantnagar
Tata Motors flagged off a fleet of ebuses for staff transportation at its Pantnagar plant in Uttarakhand.
Fleet Operator POV
Private bus transport operators called for better infrastructure, fairer taxes, and policy reforms to strengthen public transport, writes Upendra Kasbekar.
Mahindra Tractor MoU with PNB
Mahindra Tractors, a division of Mahindra & Mahindra Ltd.'s Farm Equipment Sector, has signed an MoU with Punjab National Bank (PNB) to provide Channel Finance solutions to its dealers, enhancing working capital management, inventory streamlining, and business growth.
Eicher Pro X: The Expert Truck
Eicher's much-awaited foray into the two-to-3.5-tonne SCV segment is driven, incorporating real-world feedback and reverse engineering to meet customer demands at the state-of-the-art manufacturing plant in Bhopal, writes Ashish Bhatia.
Expansion of Metro rail network
Metro rail has a direct bearing on public and private transportation.
John Deere's Autonomous Leap
John Deere's CES launches underscore its commitment to real-world customer solutions. It is addressing the critical labour shortage and operational efficiency challenge, writes Upendra Kasbekar.
Global VC firm Accel raises early-stage fund
Global venture capital firm Accel has raised a USD 650 million early-stage fund to support startups in India and Southeast Asia.
