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Showing posts from October, 2022

Importance of Logistics in Today’s Economy

  Logistics plays a big part in the world economy.  Logistics is the large process of acquiring goods, storing them, transporting them, and delivering them. The logistics and shipping industry is one of the most dominant sectors that contribute magnificently to the country’s economy. Since they boost the Indian economy, they also create plenty of job opportunities.  According to a report by BusinessLine , the Indian logistics and shipping sector is predicted to create 3 million jobs by the end of 2022. The road freight sector alone will contribute to around 1.9 million new jobs.  3 million jobs! Is the importance of logistics to the economy this big?  Yes, in the logistics industry, logistics management comprises inflowing transportation, outbound transportation, fleet management, warehousing, order fulfillment, inventory management, material handling, and on-demand planning.  Just imagine the world with no logistics.  No one-day Amazon deliveries, no ...

How eCommerce Demands are Changing the Logistics Industry

eCommerce is mundane now. I mean, look at you ordering literally everything, from your clothes, your groceries, dairy products, jewelry, and gifts for your loved ones.  Yeah, I am also the same (he hee). But, things were not this convenient earlier. I am GenZ, but in my childhood, we never ordered milk bottles online, so I can relate to how millennials feel while seeing things evolve.  A decade ago, we all used to hesitate to order things online or pay online as the product delivery used to be 7-10 days. But look now, you can get same-day delivery or an hour's delivery (express delivery). But, have you been curious about how things have changed this drastically?  Logistics is one central reason behind this good change. Because of efficient and tech-driven logistics solutions, fast and safe product delivery has become possible. Thus, motivating every business to go online.  This phenomenon of increased eCommerce and the online market is nicknamed the "Amazon effect."...