The role of logistics in business is to handle shipping, warehousing, distribution, and delivery. The Supply Chain Management (SCM) and logistics sector of India has witnessed tremendous growth in recent times. Even during the pandemic, this industry has only grown across sectors.
The Gati Shakti plan of the Government of India aims to reduce logistic costs, enhance cargo handling capacity, and speed up supply chain and logistics. The Indian logistics sector is valued at $150 billion contributing 14.4% to the country’s GDP (economictimes.indiatimes.com) and is expected to generate 3 million new jobs in 2022 (thehindubusinessline.com).
Trends of the Logistic Sector in India
Growth of the Logistic Sector in India
Logistics and Supply Chain Vision 2030
Scope of Logistics and Supply Chain in India
How PGPLSCM Offers Career Advantage
Key Highlights
Government of India’s Gati Shakti Masterplan for expressways will give a huge boost to logistics in India, with an influx of ₹100 crore.
India’s E-commerce Logistics industry to reach ₹492.4 Billion by 2025 (Ken Research).
The digitisation and increased amount of technology adoption due the pandemic have raised the demand for logistic and supply management professionals.
The Indian logistics and supply chain management is growing at a CAGR of 10.7%.
Growth of the Logistic Sector in India
The logistics and supply chain are the core of every industry. While it plays an integral role in enhancing the productivity and reach of the company, in India this segment is fragmented and mostly unorganised.
Hence, there have been several initiatives by the Government of India that have helped this sector’s growth. Here is a quick look at some of the key developments in this field:
The logistics sector contributes 14.4% to the Indian GDP.
As per the Logistics Skill Council, the Indian logistics sector is valued at $150 billion.
The logistics sector is expected to grow at a CAGR of 8% in the next four years and will reach a mark of $330 billion by 2025.
There will be the development of Multi-modal Logistics Parks in India. The logistic parks will be minimum of 100 acres and provide access to different modes of transportation.
The above statistics reveal that the new developments will enhance employment opportunities and further growth in the logistics and supply chain industry, supported by technological development and implementation, need for skilled personnel, etc.
Hence, to be a part of this growing sector, one must learn relevant skills and gain domain knowledge. A Post Graduate Programme in Supply Chain Management could impart you with all the basic and advanced concepts of logistics and supply chain.
Logistics and Supply Chain Vision 2030
India’s supply chain and the logistic sector is the largest on the global podium. In India, several barriers have posed as potential roadblocks for its growth. But, the Government of India has taken various initiatives to overcome these challenges. Let’s take a look at the Governments vision 2030:
Optimising the logistics and warehouse sector and reducing the logistic cost by 7%-8%
Optimising the logistic modal mix with roads constituting 25%-30%, railways comprising 50%-55%, and waterways accounting for 20%-25%
Expansion of cold chain storage infrastructure
Introducing new technology and digitising more than 90% of the supply chain network
Development of omni-channels and simplifying the supply chain
Enhancing skill development and talent management by training people to be more comfortable in using modern-day technologies like AI, data analytics, and digital transformations that will facilitate supply chain
Reducing the carbon footprint of the logistics sector by 50%
Scope of Logistics and Supply Chain in India
A Plethora of Job Options: With regards to the employment opportunities, Logistics and Supply Chain is one of the top sectors despite the impact of COVID in the country. There are numerous job opportunities based on one’s specific skillsets. One can opt for a job in Logistics Operations, Transportation Management, Procurement & Delivery, Vendor Inventory Management, Distribution, Warehouse Management, etc. Therefore, the opportunity for growth would be great for anyone eyeing a career in this industry.
Opportunities for All: This is one sector where almost anybody and anyone with basic skillets and qualifications can get employment. It has got close to 11 sub-sectors, such as transport, customer service, warehouse management, Operations, IT, etc. Therefore, this industry can provide opportunities for all!
International Exposure: Several domestic organisations are expanding their businesses globally through collaborations and outsourcing arrangements. This opens the doors for well-equipped and deserving professionals to get accustomed to business aspects in the global arena as well.
Entrepreneurship Skills: Being in the logistics industry, you will have immense scope to hone several skills like communication, time management and strategic thinking. These are the must-have skills for any entrepreneurship engagements or initiatives later on in the career path.
High-demand Across States: As far as the logistics industry is concerned, there is a huge surge in scope and opportunities in tier-2 and tier-3 cities across the country. The primary reason is the never-seen-before growth of the e-commerce sector; it is also playing a key role in defining the future of logistics.
Apart from these benefits, you can be rest assured about the payments and job satisfaction if you have the knowledge and tenacity to do it properly.
An online course in logistics & supply chain can enable you to grab a suitable job for a great career start in Logistics and SCM!
How PGPLSCM Offers Career Advantage
A short-term programme in Logistics can prove to be a turning point in one’s career. If you are keen to build a promising career in logistics and supply chain management, you can opt for a Post Graduate Programme in Logistics and Supply Chain Management (PGPLSCM) by Times Pro.
This 4-month fast-track course imparts knowledge of important concepts through a blended learning approach and practical training. It is a job-oriented post graduate programme that offers career counselling and placement assistance with a promise of FIVE guaranteed job interviews. It includes built-in industry certifications that give an added boost to grab a lucrative job in LSCM.
PGPLSCM prepares you with in-depth knowledge and skill enhancement to face any challenges in the field, and is the best path to secure the right job opportunity. It is perfect for working professionals to upgrade their skills in logistics and SCM.
TimesPro’s short-term courses in Logistics and Supply Chain Management has enabled over 13K professionals to grab lucrative jobs in well-known companies. To know more about PGPLSCM Online Course in Logistics & Supply Chain in India
Click here: https://timespro.com/a-glimpse-of-the-logistics-sector-in-india/
