Frost & Sullivan’s analysis, Post-Pandemic Growth Opportunity Analysis of the Indian Logistics Industry, reports that while the strict containment measures within the country have ensured that the sector will witness only marginal growth in 2020, they have also created new opportunities for digitalization across the logistics value chain. Digitalization and technology adoption is predicted to realize traction during the post-pandemic recovery phase, which is expected to drive the Indian logistics industry to grow at a CAGR of 7.2% between 2019 and 2025.
“Digitization, automation, and robotics are expected to transform the value chain with digital platform-based freight solutions, logistics process automation, and last-mile delivery solutions,” said Senthil Kumar Subbiah, Supply Chain & Logistics Practice Industry Analyst at Frost & Sullivan.
For further revenue opportunities, market participants should:
- Invest in cold storage and other warehousing infrastructure to extend the capacity to handle multimodal trans-shipments.
- Implement augmented reality and autonomous vehicle solutions to increase efficiency in sorting, order picking, and packing operations.
- Modernize warehouses by implementing warehouse management systems and automation solutions to enhance inventory management.
- Adopt emerging business models to raised handle orders and end-to-end supply-chain visibility.
- Employ advanced technological solutions to handle the surge in demand for urgent healthcare supplies, masks, food, and similar products.