Future of Logistics Management in India | Dheeraj Gupta

Roadmap for Logistics Management in India

On the growth path of “Make in India”, which aimed at transforming India into a global hub for manufacturing, setting forth of a well-defined aspiration to become a USD 5 trillion economy by the Hon’ble Prime Minister the need for reforms in the logistics sector was further amplified.

More recently, the self reliant call by PM for an ‘Aatmanirbhar Bharat’ – a self-reliant India requires an eminently robust logistics sector.

Need for Operations Management in India has gained Momentum because of :

?E-Commerce Penetration

?Economy Revival

?GST Implementation

?Make in India Initiative

?Easier regulations on investments for FDI

?Technology Revamping

?Improvement in infrastructures

With logistics costs in the country still high (~13% of GDP in comparison compared to single digit levels in developed countries), integrated development of the logistics sector was identified as a key area of reform. To achieve this, it was necessary to build a single government institution that would oversee, coordinate with multiple and fragmented stake holders across union government and states and would help develop the logistics sector into a strength for the economy by bringing down logistics costs. This offered a huge scope for improvement in the competitiveness of supply chains in India.?

Why Millennials should consider a career in Logistics Management??

?Everyday is a new challenge

?Opportunities for every education and experience level

?Develop rewarding relationships

?Nurture your entrepreneurial skills

?No geographical boundaries

?Direct link to each function of any business

?Direct exposure to International Businesses

Key Processes in Logistics Management?:

?Logistics Strategy

?Negotiate Logistics Contracts

?Selection of Logistics Service Provider

?Shipping Mode- Sea, Road, Air and Rail

?Customs Clearance

?Heavy Lift / ODC Transportation

?Post Shipment activities

Future Impact of Logistics Improvements:

Integration – create an interconnected multimodal network of transport and warehousing infrastructure for efficient movement and storage of goods covering the entire country.

Optimization– of use of logistics assets for movement between major hubs of supply and demand.

Standardization – of physical assets and logistics services through the use of common terms and documentation, simplified and streamlined processes and digital information exchange

Modernization – of the logistics sector though digital transformation and increased automation.

Formalization – of the logistics sector by laying down a basic framework for the operation of logistics providers, promote excellence, create quality jobs and livelihood opportunities.

Democratization – of logistics services so that the benefits of a modern logistics sector are also made available to farmers and MSMEs.

About Author:

Dheeraj Gupta, Logistics Professional, B.Tech( Mech. AMIE) MBA (Operations) having rich experience of 15+ years while associating with Project Logistics Management for various Domestics & International Power, Renewable Energy, Refinery and Petrochemical Construction Projects.

85,000 Followers ● Lead Logistics Specialist ● Project Logistics & SCM Learner ● Heavy Lift & ODC ● Power & Oil and Gas EPC Projects ● Logistics Enthusiast ● Ex -L&T & ABB ●15 years+● Mentor -MBA students

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Resources : LOGISTICS DIVISION, DEPARTMENT OF COMMERCE - Ministry of commerce and Industry