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.
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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Lifting & Specialized Transport April-June 2019