Sanjay Bhatia, Co-Founder, Freightwalla
WAREHOUSING & LOGISTICS

Sanjay Bhatia, Co-Founder, Freightwalla

In the year 2020, the pandemic brought global industries to their knees. The $160 billion Indian logistics industry was also not spared as it came to a standstill during the pandemic lockdown. The industry faced many challenges in terms of clearance, processing, and movement of shipments. A few technology-driven businesses managed to overcome some of the EXIM industry's challenges during the pandemic. The stumbling-blocks faced by the exporters and importers could have been avoided if the entire ecosystem was working digitally. There is a pressing need for a complete digital transformation of the industry to handle international shipments efficiently. Consider the case of customs that have taken part in their processes online. There are still many things that need to be re-moulded with advanced technologies. We hope the union budget will announce suitable investments towards the digitisation of the shipping and logistics sector.

A leap towards the initiative will bring in transparency, reduction in cost, and better cost management. Digitisation should also include implementing smart single-window clearance for smooth processing of shipments or approvals. Such initiatives will prepare us to tackle any untoward incidents in the future, like the current pandemic. Investments in artificial intelligence (AI), machine learning (ML), and blockchain technologies can facilitate complete transformation. It can boost productivity in every sector, and style a pretty effective and successful workflow.

Further, the Union Cabinet recently approved a multimodal logistics hub proposal and set up industrial corridor nodes at Krishnapatnam and Tumakuru. We hope to see implementations of these at the earliest. It will facilitate the transportation of goods, thereby cutting travel time and making the system more efficient.

There is also an expectation that the proposed National Logistics Policy may get announced during the announcement of union budget 2021. We are optimistic that that will improve productivity and reduce logistics costs.

In the year 2020, the pandemic brought global industries to their knees. The $160 billion Indian logistics industry was also not spared as it came to a standstill during the pandemic lockdown. The industry faced many challenges in terms of clearance, processing, and movement of shipments. A few technology-driven businesses managed to overcome some of the EXIM industry's challenges during the pandemic. The stumbling-blocks faced by the exporters and importers could have been avoided if the entire ecosystem was working digitally. There is a pressing need for a complete digital transformation of the industry to handle international shipments efficiently. Consider the case of customs that have taken part in their processes online. There are still many things that need to be re-moulded with advanced technologies. We hope the union budget will announce suitable investments towards the digitisation of the shipping and logistics sector. A leap towards the initiative will bring in transparency, reduction in cost, and better cost management. Digitisation should also include implementing smart single-window clearance for smooth processing of shipments or approvals. Such initiatives will prepare us to tackle any untoward incidents in the future, like the current pandemic. Investments in artificial intelligence (AI), machine learning (ML), and blockchain technologies can facilitate complete transformation. It can boost productivity in every sector, and style a pretty effective and successful workflow. Further, the Union Cabinet recently approved a multimodal logistics hub proposal and set up industrial corridor nodes at Krishnapatnam and Tumakuru. We hope to see implementations of these at the earliest. It will facilitate the transportation of goods, thereby cutting travel time and making the system more efficient. There is also an expectation that the proposed National Logistics Policy may get announced during the announcement of union budget 2021. We are optimistic that that will improve productivity and reduce logistics costs.

Next Story
Resources

REHAU acquires 1.05-acre land in Sri City

REHAU, the global polymer solutions provider, has acquired 1.05 acres of industrial land in Sri City, Andhra Pradesh, marking a key milestone in its expansion strategy in India. The land, secured on a 99-year lease, is located adjacent to the RED Star Polymers facility and will support scaling up the company’s manufacturing operations.This acquisition closely follows REHAU’s majority stake purchase (51 per cent) in RED Star Polymers Pvt Ltd, a PVC edgeband manufacturer, reinforcing its long-term commitment to the Indian market. The site offers strategic advantages in proximity, infrastruct..

Next Story
Resources

BSH unveils Bosch and Siemens brand store in Kolkata

BSH Home Appliances, a subsidiary of BSH Hausgeräte GmbH and global leader in premium home appliances, has launched its first exclusive Bosch and Siemens brand store in Kolkata. Located in the upscale Dhakuria neighbourhood, the store signifies BSH’s strategic push in East India, a region where it has recorded a 26 per cent CAGR between 2019 and 2025.Spanning 1,450 sq ft for Bosch and 850 sq ft for Siemens, the new showroom is operated in partnership with Multi-Channel Electronics. It offers customers a hands-on experience of BSH’s latest innovations, including AI-enabled ovens, high-capa..

Next Story
Products

Trusted Termite Solutions

Envu’s Premise, formulated with Imidacloprid 30.5% SC, is India’s only termiticide validated by CBRI and GreenPro. This non-repellent soil treatment eliminates entire termite colonies effectively. Trusted by architects, builders, and pest control professionals, Premise ensures long-lasting protection with a proven safety and performance profile.Contact: Envu IndiaWebsite: www.envu.com..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?