The logistics industry in India is proliferating, thanks to the country’s booming economy and the increasing demand for efficient transportation and logistics services. The rise of e-commerce and online shopping has also played a significant role in the growth of the logistics industry, as companies strive to meet the needs of their customers.
Technology is increasingly transforming the logistics industry, as companies look to improve efficiency and cut costs. Automation and data analytics are being used by top shipping providers such as Pickrr, FreightBro, NimbusPost, etc. to streamline operations and improve decision-making. The utilization of drones and robots is also on the rise, as companies seek to further automate their logistics operations.
The Indian logistics market had an estimated value of $250 billion in the fiscal year 2021. The market is predicted to reach 380 billion dollars in 2025, with a compound annual growth rate of between 10 and 12 percent.
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Significance of Supply Chain Ecosystem
A supply chain ecosystem is a network of organizations that are involved in the process of producing and delivering a product or service. It is a web of relationships between suppliers, manufacturers, distributors, retailers, and customers. Each organization in the ecosystem plays a different role in the process of bringing a product or service to market.
The supply chain ecosystem is a complex and ever-changing network of relationships. Organizations must constantly adapt to changes in the market, technology, and the competitive landscape. The ability to effectively manage the supply chain ecosystem is critical to the success of any business.
Logistics and transportation are essential to the functioning of the supply chain ecosystem, and therefore, several startups in the logistics industry are by and large focusing entirely on enhancing and updating the current supply chain ecosystem with new-generation technology.
Top Logistics Startups that are Disrupting India’s Supply Chain Ecosystem
Several new-age businesses have entered the logistics sector in response to the sector’s rising potential in order to replace outdated practices with technologically advanced, effective alternatives. Here is a list of just a few of the many startups attempting to revolutionize the industry.
NimbusPost provides e-commerce shipping solutions to SMEs and large-scale businesses with tech-enabled logistics services. Making shipping simpler for businesses by automating their shipping operations is the fundamental attribute of NimbusPost’s services.
By utilizing cutting-edge technology, such as AI, ML, and automation, NimbusPost is able to offer speedy and hassle-free shipment, reduced RTO, maximum transparency, and quick COD remittance. The sellers can instantly confirm COD orders using NimbusPost’s automated cloud-call capability, and they can then handle delivery as required.
FreightBro, based in Chennai, uses technology to empower freight forwarders to make data-driven decisions, predict market shifts, and provide shippers greater value. In order to deliver a seamless user experience, FreightBro seeks to give forwarders a digital platform that enables them to obtain rates more quickly, improve operational efficiencies, raise sales, and make educated decisions using data analytics.
The largest trucking system in India, BlackBuck, is changing the country’s logistics industry. It offers shippers and truckers, clear pricing, effectiveness, and dependability, resulting in a seamless experience with Data Science at its foundation. BlackBuck places equal emphasis on using data and machine learning while also influencing consumer behavior.
For shippers and fleet operators, the BlackBuck company’s products, which are readily available, reasonably priced, and provide a seamless experience, help create incredible value and yield quantifiable outcomes.
Utilizing technology, the web- and app-based online logistics platform, Trukky provides a contemporary and straightforward method of hiring and tracking trucks. Trukky seeks to improve convenience and transparency in the trucking industry with features like rate index, live pricing, and a three-step booking process.
The business offers top-notch services in a variety of crucial industry sectors, including e-commerce, FMCG, auto, medicine, and the cold-chain sector. Rivigo, a line-haul provider, boasts a sizable fleet of company-owned vehicles and promises to cut transit times by 50–70% when compared to other carriers. Customers can post or add full truckload requirements on the RIVIGO freight digital trucking marketplace. It gives shippers and fleet operators the power to optimize their fleets and achieve maximum outcomes.
Pickrr is a SaaS-based logistics start-up that helps D2C firms expand their business by utilizing big data and AI-powered solutions. Pickrr uses tech-driven value-added services and innovative fulfillment centers to address the issues that merchants in the D2C industry encounter. Pickrr provides pre-configured, customized APIs that quickly link any online store to its platform.
The future of the logistics industry in India looks bright, as the country’s economy continues to grow and the demand for efficient transportation and logistics services remains strong. Technology will continue to play a major role in the industry, as companies look to further improve efficiency and cut costs to provide economical e-commerce shipping solutions to online businesses and e-tailers.