How is the sector planning to overcome the hurdles in 2017?
Kumar: GST will help organized sectors to accelerate growth. Enhanced IT capabilities will help us in becoming a market differentiator. We are strongly focusing on end to end solutions starting from express cargo, warehousing, e-commerce pickup and delivery to fulfillment and cold chain logistics.
Deb: Low penetration of new technology in the supply chain process results in damage to goods. Given the state of the industry, where no major players drive the direction of the market, the required investment in proper IT infrastructure is almost absent. Indian market needs to increase its warehouse capacity with advanced facilities.
Dhumal: A huge amount of taxes, slow market liberalization, and under-developed distribution channels are the main challenges for the logistics sector in India. We have developed strategies to deal with new challenges by maintaining minute-by-minute tracking of all our shipments while developing cost efficiencies, guaranteeing timely delivery, and anticipating problems and having backup plans.
Source: CIO India
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