Want To Discuss About The Transport Facility?
E-Logistics Revolution: How India’s National Policy Is Shaping the Future
The National Logistic Policy (NLP) introduced in 2022 aims to create a window to regulate the market of e-logistics. This was done to develop and nurture skills, efficiency, competitiveness, and business opportunities that would help MSMEs. This policy was introduced by the Indian ministry of commerce and industry. The main motive behind implementing this policy is to streamline logistics operations, reduce costs, and enhance efficiency across various sectors. Hence, it is important for new and intermediate businesses to understand how this policy impacts supply chain management and logistics, which are essential for growth. Let’s explore how emerging names like ABK are providing top-notch tailored solutions to clients and how the National Logistics Policy is transforming the landscape of logistics.
Let’s clarify the term e-logistics for you.
Just as traditional logistics is part of the real world, e-logistics is the digital evolution of the activity powered by technology. This is what it involves:
- Order management, where order processing is automated to enhance speed and accuracy.
- Real-time tracking where GPS and RFID technologies are utilised for visibility of goods or consignments from order processing to final delivery.
- Inventory management with the help of software solutions for real-time inventory tracking and forecasting.
- Data analytics is used to optimise routes and reduce costs, leveraging big data to improve customer service.
- Customer/client interactions are being enhanced through online platforms for better service.
Let’s see why the National Logistics Policy (NLP) is a welcome move.
- It has been envisioned to create a seamless logistics ecosystem with an aim to reduce the logistics costs in India from 13–14% of the GDP to 8% by the year 2030.
- The policy made way for initiatives like the Unified Logistics Interface Platform (ULIP), where all parties connected to a consignment can share information and make the movement easy. It is a single point where the transport companies, customs, warehouses, and even ports can feed in and access real-time information.
- The NLP also introduced the Logistics Data Bank (LDB), which is a great option for businesses to keep track of their containers being transported via the road, railway, or ocean. It was designed to provide end-to-end tracking of imported or exported containers that move across Indian borders and also within the country.
- It aims to generate increased job opportunities for Indian citizens, improve the standard and rank of India in various international ratings, and provide a platform for the Indian government to create a powerhouse solely focusing on logistics along with a focus on sustainability and regulatory reforms.
The National Logistics Policy is an absolute game changer for the Indian supply chain and logistics sector. And companies like ABK are here to offer you end-to-end e-logistics services. With customised solutions, real-time tracking availability, and our committed team, businesses of all sizes can experience smooth coordination and visibility. Talk to ABK to know how your costs can be reduced and delivery speed can be enhanced.