The logistics market in India has been developing at a very fast pace despite the recent worldwide economic recession. The Indian Logistics Market recorded revenues of about $82.10 Billion in 2010, witnessing a growth of about 9.2 percent over the previous year. The main drivers fuelling this market's growth include rapidly rising fortunes of the country's manufacturing and retail sectors, rising international trade, and on-going infrastructure development initiatives by the Government of India, such as dedicated freight corridors project, ports development, building of logistics hubs and warehouses, technology upgradation, and huge investment by private players.
Cost saving, improvement in delivery timelines, and preference to let professionals handle the logistics functions are the top reasons for outsourcing logistics functions to specialist logistics service providers (LSPs) by end-user (manufacturing) companies across industries.
However, LSPs have performed significantly below customer expectations on key parameters such as ability to deliver on time, security and damage control of goods, process improvement capabilities, and nationwide reach, as reported by the end users in Frost & Sullivan's 'Annual Indian Logistics Industry Benchmarking — Voice of the Customer Study'.
Frost & Sullivan's study, covering various segments of the logistics market, identified that there is a massive difference of perspectives between LSPs and end users regarding the future needs and challenges in logistics functions across industries. Hence, with an intention to aid the logistics fraternity, the first exclusive Strategy Workshop on the Logistics Industry,'Future Supply Chain Strategies', which was conducted in 2010 by Frost & Sullivan's Transportation and Logistics Practice, established a unique platform for the LSPs and end users to deeply explore the state of supply chains in key industries, identify the challenges, ways to address them, and above all, envision the potential strategies for future supply chains of these industries.
Future Supply Chain Strategies — The Way Ahead
Frost & Sullivan's 2nd Annual Logistics Strategy Workshop titled 'Future Supply Chain Strategies — THE WAY AHEAD', to be conducted from September 14-16, 2011, emphasizes the need for a combined effort from the logistics end users and service providers through collaborations, trust, and building relationships. Investments made through collaborations between service providers and end users would result in visibility and real-time information, and lead to the ideal future supply chains. This Workshop aims to deliver a roadmap for this.
In its endeavor, Frost & Sullivan will facilitate ideation and evaluation among participants regarding the emerging focus areas for future supply chains, the best possible methods of collaboration between LSPs and end users, and desired practices for supply chain optimization. The Workshop will also discuss development of the roadmap comprising the next level of practical, feasible, and sustainable supply chain models essential for organizations.
Eminent personalities from the leading logistics end-user industries such as Mr. Prem Kumar Verma (CEO, Tata Motors Distribution Company Limited), Mr. Amit Mukherjee (VP – SCM, RPG Spencers Retail), Mr. Kalpesh Pathak (AVP – Corporate SCM, Fiat Motors India), Mr. Bhagwan Das (Director – Supply Chain, Alcatel Lucent India), Mr. Sudhir Goel (Head of Logistics, Acer India), Mr. Prashant Sharma (Senior VP and Head - Global Demand & Supply Organisation, Cadila Healthcare), Mr. Vinnie P John (Head of Value Chain, Glaxo SmithKline) and Mr. Ramnath S (VP - Supply Chain, Lifestyle International), among others, would participate in the Workshop as industry experts.
Allcargo Global Logistics Ltd., APL Logistics and TNT India Pvt. Ltd are partnering the event as Platinum Sponsors; CHEP, Transport Corporation of India (TCI), and Uniworld Logistics are the Associate Sponsors. Autocar Professional, Auto Monitor, Cargo Connect, LOG India, Logistics Times, Logistics Week, Modern Pharmaceuticals, Smart Logistics and Transreporter are the Media Partners.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.
Srinath Manda, Program Manager, Transportation & Logistics Practice
P: +91 44 6681 4382 / F: +91 44 2431 4264 / M: +91 98848 72788 - E: srinathm[.]frost.com.
Subir Shah, Senior Consultant, Transportation & Logistics Practice
P: +91 22 6607 2031 / F: +91 22 2832 4713 / M: +91 99875 41051 - E: subirs[.]frost.com.