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Lack of trained manpower continues to remain a challenge for the sector..
Logistics operations have a crucial role to play in this rapidly burgeoning market. The logistics sector is the lifeline of any country, after all!.
The key drivers for demand pick-up would be the festive season as well as the anticipated revival in infrastructure spending post monsoon and improvement in receivable cycle of contractors..
It is estimated that slashing logistics costs by 10 per cent could widen exports by five to eight per cent..
In 2017, the logistics sector absorbed 22 million people. Employment is expected to surge to 40 million by 2020. The market size of the logistics sector is seen climbing to $215 billion by 2020, logging 10.5 per cent compounded annual growth rate (CA.
The second half of 2019 also recorded historic leasing activity, with about 18 million sq ft space take-up; an increase of about 20% compared to the first half of 2019. 3PL firms accounted for about half of the leasing activity in 2019, an increase f.
Logistics companies are making concerted efforts to keep pace with this growth in demand by digitizing their solutions and offering online freight services..
Logistics companies are making concerted efforts to keep pace with this growth in demand by digitizing their solutions and offering online freight services, according to a Frost and Sullivan Study...
Logistics is considered to be the backbone of manufacturing and trading activities in the economy. It has a critical role to play for developing countries like India wherein consumption is growing and demand is always high..
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