Changing Dynamics in Logistics Industry

The Indian Logistics market is poised to gather greater momentum with the emergence of India as a manufacturing hub and improving multimodal transportation infrastructure.
By Harpreet Singh Malhotra, MD, Tiger Logistics

India's third-party logistics market can be segmented into transportation 3PL market, and cold chain market, which has seen a healthy growth. This upsurge in the cold chain market was due to growth in the e-commerce industry, especially in the e-retail sector. Cold Chain is one of the highest growing markets, yet it constitutes a minor proportion to the growing logistics industry of India.

The 3PL logistics market is expected to be worth US$ 301.89 billion by 2020. 3PLs specialize in certain industries such as frozen food. Auditing freight bills and warehousing are now providing logistics related software, which is bringing about greater efficiencies.

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