How E-commerce is transforming the logistics ecosystem in India
Indian eCommerce
landscape is undergoing a mammoth transformation.
One of the most promising sunrise
sectors, the industry is slated to grow from $39 billion in 2017 to $120
billion by 2020, clocking an astonishing 50% CAGR. This growth pattern bodes
well for several industries, in particular to the logistics ecosystem. The
emergence of eCommerce behemoths like Amazon, Flipkart has brought about an
enabling environment for the establishment of an end-to-end, comprehensive
logistics framework. Both eCommerce and logistics market complement each
other and a synergized collaboration is for the benefit of both.
The seamless
integration of logistics infrastructure with eCommerce platforms
is definitely one of the critical factors contributing towards their
exponential growth. Rapid adoption of digital technology presents immense scope
of integration between both sectors. Building a sustainable Supply Chain , which is both efficient and customer-oriented
is one of the promising avenues for the logistics industry. This presents
itself as an opportunity in the economic landscape, but given the huge scale of
infrastructure requirements, it is also a formidable challenge to be
scaled. The convenience of online
shopping has been enabled by a seamless, process-oriented, cutting edge approach
and timely delivery model adopted by several logistics firms.
Businesses expect
multiple services at scale with high quality of service, and it is only
appropriate to structure a warehousing business' verticals according to
the flexible requirements of the client's in order to stay not only relevant
but ahead of the curve. This would bode well both for the business ecosystem as
well as customer ensure positive customer experience in the highly competitive eCommerce
Logistics sector. Now that the
logistics sector has been accorded with infrastructure status recognising its
importance in the entire fulcrum of ease of doing business, time is ripe for the logistics
sector to leverage the huge opportunities provided by tech-enabled solutions and
eCommerce boom, and bring about the next-gen revolution that could propel the
entire industrial ecosystem to a seldom experienced growth trajectory.
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