The logistics industry in India is going through a period of transformation, with several key trends driving the growth and development of the industry. From technological advancements to changing consumer behavior to significant improvements in infrastructure, several key trends are set to shape the future of logistics in India in the coming years.
Logistics trends will continue into 2023 in India
1. National logistics policy and its impact on global logistics and trade in India
By seeking to integrate different logistics services and create a seamless supply chain network, it will increase the competitiveness of the Indian logistics sector by reducing costs and improving efficiency. We have a lot of logistics companies in India but if we talk about Jujhar Constructions & Travels Private Limited, it is the flagship company of the Jujhar Group, providing luxury and premium travel experiences and superior car transportation logistics.
With over 25,000 km of route permits, the company owns one of the largest and most luxurious fleets of Mercedes and Volvo buses. High customer satisfaction and an impeccable safety record make it the preferred mode of transportation for smooth inner-city travel. Equipped with advanced tracking capabilities and automated software, Carrier Logistics Business is top-rated by well-known automakers such as Maruti, Tata, Hyundai, and Toyota.
2. Rise of Cross-Border E-commerce amongst the Indian Consumer
According to the DHL E-commerce Guidelines (2021), the next wave of e-commerce growth comes from growing consumer demand for international products and the overall proliferation of MSMEs (enterprises).
As a result, demand for efficient and reliable delivery services has skyrocketed, with more and more consumers turning to online shopping.
Overall, the cross-border digital market has witnessed tremendous economic growth.
3. D2C category drives the small and rural market growth
D2C customer categories are growing, especially in Tier II, III, IV, and rural markets. According to the India Brand Equity Foundation (IBEF), the Indian e-commerce market is expected to reach $350 billion by 2030, with a 50-60% increase in D2C and untapped categories. This development is due to better and faster internet connections, better digital payments, and banking channels. But again, meeting the growing demand for fast, reliable last-mile delivery services is key. Expanding brands and markets, combined with rising customer expectations, require improved service and increased logistics skills. National logistics policies play a key role in addressing these challenges and ensuring the growth of India’s e-commerce sector.
4. Improving resilience through supply chain diversification:
The COVID-19 pandemic and recent geopolitical events have highlighted the risks associated with relying on a single supplier. In response, many industries have started diversifying their supply chains with suppliers such as on-shoring, nearshoring, and friend-shoring. India is one of the winners of this trend. Ensuring supply chain resilience is a key focus for industry players today, emphasizing efficiency and operational excellence, as well as the supply chain’s role in creating tangible value.
5. Green logistics is becoming more and more important
Public awareness of climate change is growing and impacting the way companies do business. Businesses and governments are stepping up their efforts to reduce their carbon footprint and make it more sustainable. This includes implementing low-carbon solutions through the use of alternative energy and electric vehicles. Customers are also becoming more conscious of the environmental impact of their purchases and are looking for better options such as B. Buy from “green” brands and choose sustainable shipping options. According to the World Economic Forum, net-zero supply chains increase prices by less than 4% on average, a small investment for a big change. As a result, the logistics industry is under more pressure than ever to be carbon neutral or carbon negative.
As we enter this New Year, it is of course important to note that market forces have changed dramatically over the last couple of years. Connectivity and fulfillment were the top demands during the pandemic, as global supply chains were disrupted and logistical capacity severely constrained. Changes in consumer demand can also be expected as we emerge from the pandemic and prepare for the global recession environment. Businesses need to become more efficient and offer better customer experiences and better value to help them struggle in an increasingly difficult economic climate. It’s time for logistics service providers to compete. Jujhar is a diverse and grounded group of companies with a common mission and values aimed at making life better.
They deliver quality products and reliable service across 150 million touchpoints every day. From providing a variety of TV channels to over 75% of households in Punjab to providing high-speed internet for smart living and delivering groceries to luxury transportation that is as affordable as business class. From enabling smooth road travel to developing integrated townships for sophisticated living, the Jujhar Group regularly earns high marks for the services it provides.