siliconindia | | NOVEMBER 202219Another aspect that the manufacturing sector needs is the ecosystem's ability to deliver/transport goods on time, every time. The COVID pandemic highlighted the need of developing a resilient supply chain that is capable of managing supply chain disruptions of any scale. For this, it is critical to enhance the logistics sector with multimodal transport systems. Improving the efficiency of the logistics sector is of high importance for the country's economy as it boosts economic growth, grows exports through global supply chains, and generates employment. While India's passenger and freight mobility sectors are becoming more efficient and the logistics sector is growing at a CAGR of 10.5 percent and expected to reach about $215 billion in 2022, there are a set of interconnected problems in the system, which need to be addressed to further enhance efficiency. Logistical inefficiencies lead to reduced employment opportunities, perpetuate a poverty cycle for rural populations, make roads and highways unsafe, and contribute to pollution. Conversely, enhancing the efficiency of logistics can create high-quality economic growth and employment opportunities, improve safety and public health, and support India's successful fulfillment of international commitments towards climate change. Logistics efficiency can also benefit farmers through a reduction in loss and wastage of produce during transportation to markets. National Logistics Policy emphasizes the need for this and draws out key actions ­ one of them being Digitalization.One of the critical axes of achieving the efficiencies is Virtual twin of Operations. Virtual twins help to design, validate and integrate the supply chains, right from demand forecasting to load consolidation to truck routing and dispatch scheduling. Leveraging the virtual twin of operations to validate all the possible scenarios in the virtual world will not only help reduce the delivery time and costs but also reduce the carbon footprint due to optimized fuel consumption in logistics. Virtual twins, hence, contribute not only to the profitability of the organizations but also to their sustainability goals.In summary, the manufacturing sector will play the lead role in India's economic progress in its journey towards 100 years of independence. For this to happen, both the manufacturing sector and its allied logistics sector must embrace the new-age technologies rapidly. Virtual twins of Manufacturing and operations for innovating future factories and optimizing the logistics respectively need to be adopted at scale by MSMEs to achieve countrywide manufacturing transformation. Akash Kishore,Founder & DirectorWhile India's passenger and freight mobility sectors are becoming more efficient and the logistics sector is growing at a CAGR of 10.5 percent and expected to reach about $215 billion in 2022, there are a set of interconnected problems in the system, which need to be addressed to further enhance efficiency
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