TRENDS FOR 2021

There is an urgent need to identify and address the existing vulnerabilities at the core of Logistics and Supply chain networks that are the backbone of a strong economy.

- Aditya Vazirani

The pandemic and the lockdown that lasted for major part of 2020, proved to be testing times for various businesses including the logistics and supply chain sector of India which had a remarkable contribution in keeping the supply chain for essential items, functional, albeit with a few hurdles in the beginning. As per a recent report by Arthur D. Little India in collaboration with the CII, India’s Logistics and supply chain costs currently amount to up to 14 percent of the GDP, compared to the global average of eight percent, raising a competitiveness gap of approximately US$ 180 billion.

Further, the challenges experienced by the sector during the pandemic have highlighted the urgent need for building a stronger and more relevant infrastructure that can not only withstand the unexpected disruptions of this scale but is also agile enough to help adopt and bounce back to efficiency almost immediately in the face of future conflicts.

Listed here are some of the key trends in the Indian Logistics and Supply Chain sector that are set to dominate 2021:

1. EMPHASIS ON COLD SUPPLY CHAIN