Logistics in India accounts for 10% of the industry. These companies assist with product storage, packaging, and timely delivery to customers’ doorsteps.
A delay of several hours in getting the proper medicine to the facility could be dangerous, while failing to deliver high-value goods on time could result in the loss of a person’s life. India’s logistics industry can easily be described as the backbone of any industry’s supply chain.
Every logistics company aspires to the same goal: to reduce the time it takes for a supply chain to be completed by optimising operations. But every company faces some challenges in fulfilling this goal.
Major challenges faced by the industry
Roadblocks in transportation
India is a vast country with many diverse terrains and climates to contend with. Poor infrastructure and unreliable transportation cost logistics organisations time and money.
Shipping and port operations
Logistics companies suffer as a result of understaffing, overcrowded berths, and delayed cargo evacuation. Due to a lack of depth, large vessels are unable to dock in California ports.
A scarcity of specialists and skilled workers
In India, there is a severe shortage of competent individuals and expertise in the logistics business. Laborers are under-skilled, overworked, and lack the necessary skill set to improve the efficiency of the process.
Slow adoption of new technology
When logistics companies in India do not modernise their technology, they do not attain their full potential. They may appear to be saving money, but in the long term, they are causing more harm.
Rising fuel prices
An increase in the price of fuel has led to an increase in freight costs.
Government Regulations
With compliance obligations tightening even more, India’s logistics industry is experiencing difficulties as a result of tighter restrictions.
Customer Mindset
Customers’ unwillingness to pay a higher price for delivery times shorter than two days results in a lack of cash and resources for Indian logistics companies to develop better cycles.
With careful management, planning, and realistic goal-setting, logistics enterprises may flourish, succeed, and compete in the Indian market with their worldwide counterparts. The complexities of India’s logistics industry are subject to both external and internal difficulties that must be handled.
In the logistics industry, a company from Hyderabad named Movers Global Logistics (MGL) has been providing a solution to all these challenges by providing a well-tailored plan, skilled experts, cost-effective shipment, clearance for shipping, and the latest technologies for your every project.
What are some challenges faced by a logistics company?
