Leading Towards Logistics 4.0
The logistics industry in India, which is currently worth $160 billion, is expected to grow at a CAGR of 10.5 per cent to reach about $215 billion by 2020. Mazars has collaborated with the The Chartered Institute of Logistics and Transport (CILT)-India and the Exhibitions India Group to closely examine the logistical road ahead.
The logistics industry in India is progressing towards Logistics 4.0, which is rooted in a SMART value stream, embedded upon advanced technological accelerators. Mazars believes that the upcoming SMART drive calls in for an intense 5-P Integration framework, connecting Logistics Providers, Process Infrastructure, Platforms, People & Policy. This paper is designed to critically evaluate the current logistical backdrop and identify developments such as the GST, E-Way Bill, IoT, Robotics etc. that are reshaping the market, outlining the path ahead by adjoining the 5 key pillars.
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