Logistics Industry in India: Present and Future Prospects

The logistics industry in India is growing rapidly because of the growth in retail, e-commerce and manufacturing sectors. Though it has been underperforming over the years, it has received importance recently and is expected to reach a worth of $2 billion by 2019. Lack of facilities, technology and manpower have been reasons for the loss in the perishables sector. Better infrastructure, better storage, better network and warehouse facilities are the way forward. The sector is currently using IT solutions and the hub-and-spoke model for freight movement. It provides end-to-end supply chains to the consumers and being a key player in the economy, it is expected to grow by 10-15% annually in years to come.Read more at: http://www.iamwire.com/2017/04/indian-logistics-industry-scenario/151331