GPS vs. SIM vs FASTag : Unfolding the impact of real-time tracking on Indian logistics
The logistics management ecosystem is no longer limited to ensuring a seamless order dispatch. Instead, today’s consumer expectations call for efficient tracking operations for every in-transit cycle. Real-time visibility is a crucial parameter of customer satisfaction and technology-driven tracking is redefining it. It infuses transparency across the supply chain and helps businesses identify and bridge […]
The significance of Freight Rate Index in strategic vehicle procurement
The dynamic industrial environment calls for strategic assessment and comparison to regulate freight cost control and management dynamics. Calculation of freight charges for each lane helps shippers understand the prevailing rates, stabilize their current freight spending and reduce them at set intervals. The competitive industry setups require practices beyond historical freight costs and freight bill […]
Supply Chain Playbook 2023: 5 Logistics Trends to Expect
The global supply chain has been evolving rapidly and will continue to do so in the upcoming years. The supply chain has witnessed a surge in threats and disruptions in the last five years, pushing businesses to redefine their logistics strategies. These strategies rely on the rise of technology across warehousing, inventory management, transportation and […]
Top 5 logistics challenges in the Construction Industry – How to counter them?
Material procurement, planning and collaboration have been one of the most challenging tasks for construction site managers. A delay in material delivery leads to overall project delay. The significant challenges leading to project delays are from last-moment delivery delays to a need for more transparency, visibility, and collaboration in the procurement process. However, a construction […]
Strategic Vehicle Procurement is more than getting the best freight quote
Freight procurement is a vital step in logistics, contributing directly to its performance. Today, manufacturers are shifting their focus to a more growth-oriented and strategic vehicle sourcing model to keep up with global industry standards. Logistics experts believe that logistics procurement goes beyond the cost-savings in the current industrial scenario, and enterprises shall consider various […]
Resistance to change: A roadblock for digital transformation in logistics and how to overcome it
The dynamic nature of consumer demands and industry trends make ‘change’ an inevitable component in businesses. As industry experts foresee a revolutionary digital transformation in enterprise logistics, resistance to change is a prevalent roadblock hindering its execution. Organizations experience several second thoughts and ‘what if’s before a digital transformation in logistics, and this resistance can […]
Building a safer future in the logistics industry
Globally, people observe October as National Cyber Security Awareness Month (NCSAM). This month aims to raise awareness among the public and private sectors about digital security and empower everyone to protect their data from digital forms of crime. The global SaaS market is expected to reach $702.19 billion by the end of 2030. Due to […]
National Logistics Policy: What does it mean for you?
The Indian logistics industry is proliferating after the Covid-19 breakout and is expected to reach USD 330 billion by 2025, per a report. The sector in India employs more than 22 million people and has been ranked 44th in the World Bank’s logistics performance index in 2018, which was 54th in 2014, which shows its […]
7 Technological Breakthroughs for Reducing Logistics Costs
Low logistics cost head is one of the essential objectives in business operations which dictates the overall profit margin. Manufacturers from various sectors strive to reduce their logistics and supply chain management expenditure to achieve a competitive edge in the industry. However, a significant question at the grassroots level is how to reduce this cost. […]
How can manufacturers ensure accurate and on-time vehicle placement through digitalization?
The right vehicle at the right time is set to dictate the quality of delivery and customer satisfaction dynamics. Logistics and supply chain management in the Indian industrial sphere is significantly driven by consumer demands and manufacturers striving to cater to these demands. Businesses in all industries aim for optimal delivery of goods as the […]