Logistics is the backbone of the economy, providing the efficient, cost effective flow of goods on which other commercial sectors depend. The logistics industry in India is evolving rapidly and it is the interplay of infrastructure, technology and new types of service providers that will define whether the industry is able to help its customers reduce their logistics costs and provide effective services.
Despite weak economic sentiments, the hyperlocal and e-commerce logistics & warehousing industry continued to witness growth largely due to growth in retail, e-commerce and manufacturing sectors. The Global Logistics sector is expected to grow at around 10-15% in the period 2016-17. With this forward looking attitude and a promise of growth and improvements, the service oriented logistics industry is all set to expand beyond the horizons in the latter half of this decade, utilizing this fiscal year as its launch pad.
Some of the key challenges faced by logistics industry
Deciding and defining the serviceable ZIP codes and network of the transport vehicles became very difficult with the current traditional systems that most of the courier/logistics companies are using these days.
Some companies are working to resolve the issue. But still maximum of the organisations are not paying attention towards it because of some or the other hurdles in their current operations. We at HumaraLabs, predicted the problem and already developed a system where user can easily decide and select the best optimum transport network of the vehicles which helps organisation in delivering fast and accurately which can save the cost of the company upto 23-25%
Bad IT Infrastructure
Currently maximum companies are focusing to deliver the shipments somehow. By seeing the number of shipments delivered by them, they do not much care towards the improvement/betterment of technology backbone to rapidly increase the numbers.
Nowadays, it is mandatory for a logistics firm (no matter how big or small it is) to use a optimised solution which requires less human efforts and can increase the productivity.
Using different vendors for each type of operations like forward delivery, pickups, reverse delivery, etc. can be a mess and generally results in reducing the productivity and wastage of resources. Keeping this challenge in mind, we provide a robust and optimal solutions which combines all the needs the logistics industry. The solution is fully flexible and can be enhanced upto any level.
Estimation of future growth
Depending upon the graph of production and increase and decrease in number of everyday shipments. Companies manually deciding the future requirements, which sometimes doesn't seems to be proper.
We at HumaraLabs, provides full fledged solutions wherein a firm can easily see the increase/decrease in number of shipments for next week/month and resources needed to perform upcoming tasks, without putting in any extra efforts. With auto prediction alerts company take optimal decisions to use additional resources required to run upcoming work and additional vehicles and resources needed to perform the operation.
Lack of research and development to streamline operations
Although both the practitioners and the academicians are increasingly aware of the importance of logistics in e-commerce and hyperlocal industry, however the field is still under penetrated as far as research is concerned. It is important to prioritise research and development so that various weaknesses in the industry could be identified and improved.
As we are working with some of the top e-commerce logistics industry giants. We have gathered the real pain points of the organisation and have done research with some other industry experts as well and vigorously worked to provide them with the better solution which can streamline their operations and increase the overall turnover by saving cost of logistics.
Whether you are small business or large enterprise, our product FieldRun and DaaK will provide you everything you need to streamline your field operation.