Supply Chain Management

The role of technology in the logistics and supply chain industry has evolved drastically over the years and is pivotal to its growth

Businesses must remember that it was in the traditional days when all the customers truly paid attention to was the product. However, today, your target audience is looking for more in the form of value-added services

Though the Indian logistics and supply chain network have been steadily evolving over the past decade, a large part of traditional supply chains continue to operate with a focus on cost-optimization and just-in-time inventories, through set manufacturing and distribution routes

It has become imperative to leverage the wonders of AI to make the supply-chains immersive, improved and hassle-free

Companies are struggling to keep pace with new shifts and disruptions in the procurement and supply chain processes

Bengaluru-based Jumbotail offers a one-stop shop for small retail stores.

According to experts, warehousing and logistics spaces will bounce back the strongest in the post-lockdown period.

There is a long way to go for the food and beverages sector to understand the impact, learn from these times and be prepared for the future.

Tata's distributors will list as marketplace sellers on the e-commerce company's platform and consumers would be able to buy different combo packs of essential products.

In order to service the slum areas and orphanages, the company said it is willing to partner with non-governmental organizations and similar institutions.

While the 3-week-long lockdown has brought about disruptions across sectors, start-ups have stepped up with different initiatives to help support the government and the people during the pandemic.

Other industries utilizing supply chain services are also experiencing benefits in terms of cost-effectiveness and better efficiencies

Thirukumaran Nagarajan is 34-years old and the co-founder of Ninjacart. As a hustler who gets bored easily, he says his biggest challenge has been to take a backseat and let people do the job.

Changes in consumer demands, the rise of e-commerce and fierce market competition have enabled a rapid transformation of the industry

With advanced tech innovation, the logistics and manufacturing sectors have moved beyond the rudimentary transportation of trade goods in the supply chain

The growing need to embrace intelligent analytics tools and tools that provide real-time visibility of ground level activities will keep gaining traction

To overcome unpredictability in demand, a robust system is needed that offers real-time updates along with end-to-end visibility across the entire supply chain

As a country with the predominant industry being farming, the need on developing the supply chain with the focus on temperature control is nascent and highly disorganised

Why one should look at making changes and where does the value proposition drive efficiencies and cost saving and driving the company strategy

ML also helps to keep the supply chain updated about weather forecasts, traffic situations and other important factors directly or indirectly impacting the delivery schedule

Manual management of the supply chain is no longer possible for large growth-oriented businesses