Logistics is the management of the flow of resources between the point of origin and the point of consumption in order to meet some requirements, for example, of customers or corporations. The resources managed in logistics can include physical items, such as food, materials, equipment, liquids, and staff, as well as abstract items, such as time, information, particles, and energy. The logistics of physical items usually involves the integration of information flow, material handling, production, packaging, inventory, transportation, warehousing, and often security. The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated simulation software. The minimization of the use of resources is a common motivation.
India is being touted as ‘Destination Future’ for the logistics service providers all over the world. Indian players are also gearing up and positioning themselves differently by providing a wide spectrum of logistics services. Whilst unlocking the hidden value of logistics is a major challenge, the true potential and the opportunities that exist need to be fully assessed.
Beyond all this hype and euphoria there is a pertinent need for a comprehensive report, which brings out the realities of the Indian Logistics Industry.
Based on primary contacts with a select group of logistics players and corporates, the report provides a grass-root level understanding of the current scenario and issues shaping the future of this high growth industry. The report is of relevance not only to the players in the logistics industry but will also enable Logistics, Materials and Marketing Managers to understand/manage and evaluate logistics services in a better perspective.