Ashish Asaf

Cargo Talk - - Debate -

MD-CEO SA Con­sul­tants & For­warders

In­dia is wit­ness­ing strong growth prospects in in­dus­try with for­eign play­ers in­vest­ing in the sub­con­ti­nent and it has im­mense scope for ex­pan­sion as along with time, ur­ban­i­sa­tion and con­sumerism has also been in­creas­ing. Sev­eral large global lo­gis­tics com­pa­nies have en­tered In­dia by the way of mergers with or ac­qui­si­tions of In­dian lo­gis­tics com­pa­nies and joint ven­ture agree­ments with other global and lo­cal play­ers so as to pro­vide multi-modal lo­gis­tics ser­vices ex­tend­ing to air, road and wa­ter. The en­try of for­eign play­ers has op­ti­mised the in­dus­trial struc­ture and en­hanced in­dus­trial con­cen­tra­tion and made a dif­fer­ence in cor­re­spond­ing growth in cross-border freight traf­fic, thereby, adding to de­mand for lo­gis­tics ser­vices. and which in terms also in­creased pri­vate eq­uity in­vest­ments along with com­pet­i­tive land scape to the ex­ist­ing play­ers. More­over, it has also en­hanced wide-reach­ing global net­works, uni­formly avail­able in all cor­ners of the globe with tech­nol­ogy ad­vance­ment, trade op­por­tu­ni­ties and lo­gis­tics pro­cesses. Con­se­quently, many trans­porta­tion, han­dling and ware­hous­ing pro­cesses have be­come highly ad­vanced than ear­lier. In­dia’s sea port in­dus­try has not yet ex­pe­ri­enced sig­nif­i­cant en­try, in the com­ing pe­riod, with multi­na­tion­als en­ter­ing the do­mes­tic lo­gis­tics mar­kets will ac­cel­er­ate the in­crease in pro­fes­sion­al­ism of the lo­gis­tics in­dus­try. Through co­op­er­a­tion, joint ven­tures or by fol­low­ing the lead of com­peti­tors who have es­tab­lished such prac­tices, lo­gis­tics ser­vice providers in emerg­ing mar­kets will in­crease their level of au­to­ma­tion and im­ple­ment a broader range of value-added ser­vices to lead the world. And, lo­gis­tics will be right in the mid­dle of it.

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