How E-commerce is transforming the logistics ecosystem in India
How E-commerce is transforming the logistics ecosystem in India Indian eCommerce landscape is undergoing a mammoth transformation. One of the most promising sunrise sectors, the industry is slated to grow from $39 billion in 2017 to $120 billion by 2020, clocking an astonishing 50% CAGR. This growth pattern bodes well for several industries, in particular to the logistics ecosystem. The emergence of eCommerce behemoths like Amazon, Flipkart has brought about an enabling environment for the establishment of an end-to-end, comprehensive logistics framework. Both eCommerce and logistics market complement each other and a synergized collaboration is for the benefit of both. The seamless integration of logistics infrastructure with eCommerce platforms is definitely one of the critical factors contributing towards their exponential growth. Rapid adoption of digital technology presents immense scope of integration between both sectors. Building a sustainable Supply Chain , which is both efficient and customer-oriented is one of the promising avenues for the logistics industry. This presents itself as an opportunity in the economic landscape, but given the huge scale of infrastructure requirements, it is also a formidable challenge to be scaled. The convenience of online shopping has been enabled by a seamless, process-oriented, cutting edge approach and timely delivery model adopted by several logistics firms. Businesses expect multiple services at scale with high quality of service, and it is only appropriate to structure a warehousing business' verticals according to the flexible requirements of the client's in order to stay not only relevant but ahead of the curve. This would bode well both for the business ecosystem as well as customer ensure positive customer experience in the highly competitive eCommerce Logistics sector. Now that the logistics sector has been accorded with infrastructure status recognising its importance in the entire fulcrum of ease of doing business, time is ripe for the logistics sector to leverage the huge opportunities provided by tech-enabled solutions and eCommerce boom, and bring about the next-gen revolution that could propel the entire industrial ecosystem to a seldom experienced growth trajectory.
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