Scope of Logistics in INDIA and abroad
Logistics is considered as the backbone of the economy as it make sure efficient and economical flow of goods and other commercial sectors are dependent on it. Logistics is one of the most important basic industries for any economic growth. Today each and every organization stands at a forefront because of their effective & efficient supply chain network. It includes the management of the flow of products from the place of origin to the place of consumption. This industry has several integrated processes like material handling, warehousing, packaging, transportation, shipping security, inventory management, supply chain management, procurement, and customs service. The generation today is completely depend on internet, preferring everything to be delivered at their doorstep with minimum time, that is now possible because of Logistics Operations today.
Logistics industry in India is growing rapidly. It is a vast field with enormous opportunities for talented and energetic future managers in India as well as abroad. The scope of supply chain & logistics is flourishing every day, as the numbers of Retail & FMCG companies are increasing in India. It is also increasing due to rise in supply chain spending faster than the overall economy and company management recognizing the importance of Supply Chain Management (SCM).
Efficient adoption of digitalization and a paradigm shift from retail purchases to e-commerce websites have put enormous pressure on the logistics industry. The supply chain management has to be stronger than ever to meet the rising expectations of the millennial consumer – lower cost, zero defects and faster delivery. Flexibility, transparency and traceability in shipments and varying lot sizes are other challenges being faced by the industry. With delivery options like normal, next day and same day openly available to customers, it has become imperative for companies to change their strategies and collaborate efficiently.
Today there are so many colleges & universities offering different type of courses in the same domain. ILAM, being the top & the most awarded institution in Logistics & Supply chain Management aims to make skilled professionals in “New Age Career”.
However, outsourcing logistics activities to experienced logistics service providers (LSP), also known as third-party logistics (3PL), will facilitate companies getting efficient and customized logistical support while concentrating on the core competencies. Today, there are many large multi -national LSPs that offer complete supply chain solutions across globe. Apart from core logistics activities such as transportation and warehousing, LSPs also offer value-added services such as customs clearance, freight forwarding, import/export management, inventory management, assembly/installation, packaging and labeling, distribution, after sales support, reverse logistics, etc.
The logistics firms are moving from a traditional set-up to IT integrated operations to reduce the incurring costs and meeting the service demands. The growth of the Indian logistics sector also depends much on its soft infrastructure like education, training and policy framework as much as the hard infrastructure. To support India’s fast-paced economy growth logistics industry is very essential. In addition, companies having manufacturing and distribution operations needs trained professionals in Logistics. In short, nearly every size and type of organization requires motivated, well-groomed individuals to become their supply chain leaders of the future!
For more on Logistics & Supply Chain Industry, you may call on 9599331562 or log on to www.ilamindia.in.