Logistics businesses are susceptible to financial fraud due to the high transaction volumes. Even a slight compliance oversight can significantly impact the annual turnover and market share.
Managing logistics costs can be a catalyst for growth in revenue for every D2C brand. India, home to over 800 D2C brands, also spends enormous amounts of money on logistics
As the world reeled through multiple lockdowns, AI-helped retailers hop on to the digitalization bandwagon and understand and map consumer behavior with real-time insights.
The company has an advanced shipping rate calculator and a courier recommendation and a performance engine that helps eCommerce sellers in choosing the most cost-effective courier partner for each shipment based on distance, price, and other metrics.
The Indian warehouse market reached a value of Rs 676 billion in 2020. Looking forward, the Indian warehouse market is projected to grow at a CAGR of 9.1 percent during 2021-2026.
In addition to tech adoption, global trends in adopting greener business practices are also pushing for the adoption of environmentally responsible solutions in the logistics and supply chains.
An increase in demand in the logistics sector, which currently is at $250 billion, is likely to grow India's logistics sector by 10-12 percent CAGR. The article explores how well the logistical players are performing.
The sudden rise of hyperlocal delivery models in the logistics sector is due to the push by the COVID-19 pandemic that enforced every vertical and industry to go digital overnight.
Insights collated through data enable the logistics players to optimize routing, streamline coordination with the vehicle drivers, and provide transparency to the customer to ensure timely last-mile delivery.
Ever-expanding market size and coverage have made it imperative for major brands to create supply chains that are faster, capable of carrying greater volumes at lower costs and can maintain safety during transit.