Logistics Trends in 2018

Logistics Trends in 2018

For the logistics sector, 2018  can be seen as the year to utilize on the major changes that have taken place in 2017.  Post the implementations of  Goods & Service Tax , E-way Bill ,  the Government is set to make some serious changes in the logistics industry of our country.

 Increase in the Government Spending on the Logistics Sector

In the first half of 2018, all eyes will be on the implementation of the E-way bill compliance brought into action since  1st February. The e-way bill is aimed at reducing waiting times of trucks on the roads and the difficulties in value added tax regimes of various states. Currently, there is some confusion regarding the exact procedures for the E-way bill generation and it will be interesting to see how companies leverage technology to use these new rules to their advantage.

For players in the logistics industry, this strong Government push should be seen as a positive sign. To increase efficiency, compliance procedures such as the e-way bill process and others are likely to be enforced strictly and it is up to the players in the industry to adapt quickly to reap the full benefits of such initiatives in the new year.

  Increase in the usage of Robotics

There has been a significant increase in the number of companies that have resorted to the use of Robotics and Automation for their logistics purposes. In India,there are many factories and warehouses that  hardly make any  usage of technology and automation due to it’s high cost thereby leading to lower outputs and profits. In order to handle the movement of goods within a warehouse ,  Industrial robotic arms can be implemented  which are  enabled by the vision and thus help in the efficient management of goods & commodities. The use of robotics & automation in the logistics industry can be of great help to the third party logistics firms to carry out the required activities without making any heavy capital investments.

 Use of Blockchain

Though there was a lot of excitement around this new technology ,the number of industrial applications for the same remain limited. We see 2018 to be the year that innovative companies would be able to fully leverage this technology and roll out robust, ready to use products for the Indian shipping and logistics market.

Blockchain technology offers  high level of security and can prove crucial in detecting fraud. Some applications of blockchain in the express delivery industry include advanced customer ID services to verify the package recipients in a bid to curb delivery frauds, installation of embedded sensors within packages for improved tracking and development of a cost effective ‘Internet of Postal Things’ to create a faster mailing network.

References:-

” NWCCIndia. “2018 trend in Indian warehousing and logistics”. Retrieved on March 6th, 2018  from http://www.nwccindia.com/2017/09/29/2018-trends-in-indian-warehousing-and-logistics/ .”

“Nishith Rastogi. “Trends for Logistics in 2018”. Retrieved on March 6th , 2018  from http://bwdisrupt.businessworld.in/article/Trends-for-Logistics-in-2018/23-01-2018-138072/ .”


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