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What is the future of logistics industry?
Today it has become an imperative part of the supply chain and distribution system. Although the logistics service sector was largely unorganised before, today the growing demand for online deliveries and availability of goods by people has led the industry to grow at a CAGR of 10.5\% by 2025.
Is logistics a good career in India?
Once considered a low-skilled industry, logistics today is emerging as a sought-after sector for employment, due to the role of digitization, the deployment of global best-practices, and rising economic relevance. It is thus a great career opportunity for skilled professionals and freshers alike.
How big is the logistics industry in India?
As per research reports, the estimated size of the Indian logistics market is pegged at US$ 215 billion and is growing at a CAGR of 10.5\% and only 10-15 per cent of the overall market is owned by organised players. Out of the aforesaid amount, the online vertical is estimated between US$ 20 and US$30 billion by 2025.
How many people work in logistics in India?
Moreover, growth in the logistics sector would imply improved service delivery and customer satisfaction leading to growth of export of Indian goods and potential for creation of job opportunities. Logistics Sector employs about 21.24 million as of 2016.
What is the future of logistics market in India 2020?
With the implementation of GST, the Indian logistics market is expected to reach about USD 215 billion in 2020, growing at a CAGR of 10.5 per cent. What is the future of logistics in India?
How big is the logistics and supply chain market in India?
The logistics and supply chain market in India is expected to touch $307 billion by the end of 2021. Do you know that India currently is the prime destination for logistic service providers globally?
Can India become an economic and logistics powerhouse?
India is slowly on the path to achieving its dream of becoming an economic and logistical powerhouse with more and more investment in infrastructure and operational efficiency. Tech-driven integrated logistics are currently becoming an integrated part of the country.
What does the future of logistics hold for the value chain?
Logistics industry majors across the value chain are expected to prioritize operational efficiencies, with investments in technology adoption. Slowdown in world trade is expected to hit the air cargo market’s volume growth and yield performance, as freight capacity growth is expected to outstrip demand due to weakened consumer confidence.
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