Switch to previous version of Magzter

Try GOLD

A Decade In Logistics: Before And After

As technology begins to take centerstage in global logistics, Nishith Rastogi, chief executive officer and founder of Locus.sh, reflects on the fascinating trends that will define logistics as much more than a support function.

In earlier days, logistics was only thought of as a function restricted to the military. The procurement of ammunition, the movement of the soldiers and the maintenance of facilities were the core components of logistics.

As markets developed and trade expanded, logistics became a function of day to day business. However, as important as the supply chains were, they were still considered a support function.

The emergence of supply chain management Supply Chain Management (SCM) is a term that gained prominence over the last decade. SCM includes any and every activity from the procurement of raw material to the delivery of the goods. Perhaps even more importantly, supply chain managers are now responsible for coordinating and associating with third party members like service providers, suppliers, and other intermediaries. Even customer experience has become an integral part of the logistics function.

With supply chain management now comprising of so many individual functions, it is imperative that the old ways of functioning are no longer adequate for supply chain managers. The traditional method of using human intuition for making decisions no longer fits the bills. With businesses expanding their horizons, and consumer expectations on deliveries continuing to rise, supply chain managers now need AI-driven solutions that can empower them with the accurate data to take business decisions.

Continue Reading with Magzter GOLD

GoldLogo

Get unlimited access to thousands of curated premium stories and 5,000+ magazines

READ THE ENTIRE ISSUE

March - April 2019

MORE STORIES FROM INDIAN TRANSPORT & LOGISTICS NEWSView All
Why Is Everyone Afraid To Share Data? GPLS Finds
Indian Transport & Logistics News
4 mins read
Toxic Slowdown In Auto Sector, EVs To Disrupt The Market
Indian Transport & Logistics News
4 mins read
Looking Beyond IMO's Global Sulphur Cap
Indian Transport & Logistics News
10+ mins read
By 2020 Our Target Will Be 50 Percent Revenue From Exports
Indian Transport & Logistics News
4 mins read
Connecting India With Multi-Modal Logistics
Indian Transport & Logistics News
8 mins read
Reinventing Global Trade Using Blockchain
Indian Transport & Logistics News
8 mins read
Machine Protection Doors: Protecting People And Enhancing Productivity
Indian Transport & Logistics News
2 mins read
Freightbro Elite- Deliver An Exceptional Freight Forwarding Experience
Indian Transport & Logistics News
5 mins read
Driving Into A World Of Opportunities India Auto Show
Indian Transport & Logistics News
2 mins read
Digitising Freight Forwarding For A Seamless Supply Chain
Indian Transport & Logistics News
3 mins read
RELATED STORIES
Holidays Bring Phishing Scam Surge Aimed At Small Business
Techlife News
4 mins read
Complacency A Concern As Aids Treatment Improves In Africa
Techlife News
5 mins read
European Space Agency Gets More Funds, Also For Moon Mission
Techlife News
1 min read
Huawei Moving US Research Center To Canada
Techlife News
1 min read
Video Game Maker To Pay $10 Million In Gender Bias Case
Techlife News
1 min read
UK Election Is Full Of Dirty Tricks And Political Clicks
Techlife News
5 mins read
Deadly Defect Found In Another Version Of Takata Airbags
Techlife News
3 mins read
Microsoft Shareholders Defeat 2 Activist Proposals
Techlife News
1 min read
10 Ways To Flourish In The Winter
Better Nutrition
6 mins read
Burdock Root
Better Nutrition
3 mins read