May - 2016 - Special issue > CXO Insights
Improvement in Logistic Industry to Ease Operations for e-Commerce Sector
Brijesh Lohia, Managing Director, Global Ocean Group
India's logistics sector has seen a major growth and has emerged as a growth driver year by year. It is expected to increase in size and become an integral part of the Indian economic development. Although it is still at a very nascent stage, it needs to be more organised and fragmented better to sustain the upcoming competition. Specific segments like the logistics and warehousing have received attention from a wide range of global investors.
With e-Commerce sector booming in India, the increase in logistics demand has turned the tables around now. The sudden growth of this sector has brought a dynamic twist to the changing environment. With e-Commerce growing at a fast pace,it looks like we are about to see a bigger leap when it comes to logistics.e-Commerce, as compared to traditional retailing is much faster, and keeps on changing, hence the demand in logistics sector increases. Therefore, there is a dire need of the logistics changing according to the changing times because this is how we see business growing. Also, with the rolling out of GST, the warehousing and logistics industry is happily engaging itself into more business because of which we see a sudden boom in these two sectors.
Internet is a marketplace now, customers demand for goods at a click. They want their products to be delivered at a light speed. Today nobody has got the patience to wait for the items they have ordered, at least not more than a day or two. It is not an easy task to keep up with the pace as the pressure to make the customer happy while keeping up with the logistics is like juggling.
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