WRAPPED AND DELIVERED
Manufacturing Today|September 2021
TECHNOLOGY ADOPTION AND COLLABORATIVE EFFORTS WRAP A PUNCH TO WIN FOR LOGISTICS IN INDIA
MAT KHAN

JUST FOR THAT BRIEF PERIOD IMMEDIATELY following the pandemic; when logistic industry found itself not only overwhelmed by the disruptions but was left wide eyed at the rapid adoption of technologies by enterprises all around; the movers have taken to brisk reassessment of their business eco-system and are scouting and acquiring transformational technologies like never before.

It had to.

With Supply Chain and Logisitics (SCM) looking at a spend of about 14% of GDP on the industry, it is only natural it wouldn’t like to be caught bringing the tail of the country’s transformation stride.

Lalit Das, Founder and CEO, 3SC Solutions, puts it succinctly when he says, “The dangers of being very slow and cumbersome in a fast-paced and ever-evolving world has been recognised because business as usual is no more an option.”

Heads of supply chain and operations across industry verticals are grabbing the opportunity to rewrite the way they source and distribute products to meet what one PWC report flagged as disruptive customer demand of faster, flexible and extremely lowcost deliveries of goods. A hard self-critical look at the industry and its challenges, quick realisation among the people-who-matter of the need for collaborative efforts and eager adoption of technologies to meet the challenges are framing the way forward for the logistic enterprises in their business continuity plan.

TECHNOLOGIES - BUILDING EFFICIENCY

Seized of this reality of the extremely demanding customers, there is a clear emergence of acceptance among industry leaders that this demand cannot be met without building operational excellence. Operational excellence, in turn calls for accelerating adoption of digital technology to flag off inefficiency in the supply chain. Further, to build this operational competence in a cost-effective way, collaboration is one of the buzz word going around in the industry. But collaboration across enterprises is not possible without enterprises establishing a digital core to communicate between them. Digital readiness in terms of automation and data analytics is therefore inevitable for building supply chain efficiency.

Mr. Sumit Sharma, Co-Founder, GoBOLT, says, “Enabling the swift and efficient distribution of goods and services, logistics is considered to be the backbone of the economy. Hence, it is important that the supply chain has to be robust, well -nit and enabled enough so as to ensure smooth distribution.” Sharma discerns a clear recognition of this in the industry and says “tech adoption has been happening gradually both on the vendor as well as the customer sides.”

“This trend will enable the segment to reduce operations’ inefficiencies, enhance its functioning as well as streamline the entire supply chain process.” GoBOLT a tech-enabled start-up working in the industry with ambition of transforming the entire logistic sector, would know.

Numerous examples are cited by industry experts to establish the inevitability of accepting digitisation in the dynamically developing industry. It just can’t be carried the old way. For example, in Retail with their network of thousands of store, just an error of 1% due to human mistake or wrong entry of data could result in losses worth of several million dollars. It only makes sense to go for an automated BOT-driven approach that will do analysis using data much faster and with a much higher accuracy.

Such data-driven solutions are available in the market that enables more effective management of supply chain. Zvolv, one of the provider of such solutions, is said to help its customers make automation all-pervasive across their enterprises and tears down barriers to adoption with enormous speed and agility.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM MANUFACTURING TODAYView All

WIDMA LAUNCHES FIVE-AXIS CNC MACHINE FOR GEAR MANUFACTURERS

WIDMA has launched Hobgrind HG200, a five-axis CNC machine dedicated to regrinding high-precision hobs and shaper cutters of both spur and helical type. This machine is ideal for those looking to perform re-grinding operations in-house with end-to-end quality control, besides benefitting from reduced inventory levels and lead time.

1 min read
Manufacturing Today
April 2022

VOLKSWAGEN STARTS PRODUCTION OF GERMAN-ENGINEERED NEW VIRTUS

Volkswagen Passenger Cars India announces the start of production of its striking, exhilarating and German-engineered New Virtus.

1 min read
Manufacturing Today
April 2022

MINIMISING DOWNTIME

HOW IOT IS TRANSFORMING THE MANUFACTURING PROCESSES BY IMPROVING PREDICTIVE MAINTENANCE

6 mins read
Manufacturing Today
April 2022

STEELING THE OPPORTUNITY

MAN INDUSTRIES CHAIRMAN DR. RC MANSUKHANI TALKS OF CAPITALISING ON INDIA’S STEEL PIPE GROWTH STORY BACKED BY OIL & GAS AND WATER SECTORS

6 mins read
Manufacturing Today
April 2022

PLUGGED IN FOR AN ELECTRIFYING FUTURE

RECENT POLICY REFORMS ACCELERATING THE GROWTH OF EV SECTOR AS INDIA CHASES THE GOAL OF BECOMING NET ZERO BY 2070 PLEDGED AT COP26

9 mins read
Manufacturing Today
April 2022

DELIVERING PERFORMANCE

AN IN-DEPTH LOOK AT HOW OPTIMISED HOT RUNNER SYSTEMS DELIVER IMPROVED COLOUR CHANGE PERFORMANCE.

4 mins read
Manufacturing Today
April 2022

L&T AND VI TO JOINTLY SET-UP A PILOT PRIVATE LTE NETWORK

L&T Smart World & Communication (SWC) and Vodafone Idea Limited (Vi) have come together to establish a use case of Private LTE enterprise network in India. Both companies will carry out an accelerated Proof of Concept (PoC) at group business L&T Heavy Engineering’s ‘A M Naik Heavy Engineering Complex’, Hazira (Surat).

1 min read
Manufacturing Today
April 2022

FUTURE TRENDS OF AUTOMOTIVE MANUFACTURING

THE PRESENT-DAY OEMS HAVE TO OVERCOME MANY UNFORESEEN TECHNOLOGICAL CHALLENGES ARISING IN THE NEW MARKET OF THE FUTURE.

9 mins read
Manufacturing Today
April 2022

AUTOMATING SUCCESS

RAJNISH GUPTA OF ZEBRA TECHNOLOGIES SHARES HOW AUTOMATION IS TRANSFORMING THE SUPPLY CHAIN AND LOGISTICS SECTOR

6 mins read
Manufacturing Today
April 2022

HONDA INDIA POWER PRODUCTS ENTERS MARINE OUTBOARD BUSINESS IN INDIA

Honda India Power Products Limited (HIPP), and the market leader in the Power Products category for the past 36 years, announced the entry into Marine Outboard business with its 4-stroke marine outboard motors range in India from April 2022.

1 min read
Manufacturing Today
April 2022