Digitalization and Technology Adoption Is Expected to Gain Traction During the Post-pandemic Recovery of Logistics Industry
PR Newswire | August 24, 2020
Frost & Sullivan's analysis, Post-Pandemic Growth Opportunity Analysis of the Indian Logistics Industry, reports that while the strict containment measures in the country have ensured that the sector will witness only marginal growth in 2020, they have also created new opportunities for digitalization across the logistics value chain. Digitalization and technology adoption is expected to gain traction during the post-pandemic recovery phase, which is expected to drive the Indian logistics industry to grow at a CAGR of 7.2% between 2019 and 2025. "Digitization, automation, and robotics are expected to transform the value chain with digital platform-based freight solutions, logistics process automation, and last-mile delivery solutions," said Senthil Kumar Subbiah, Supply Chain & Logistics Practice Industry Analyst at Frost & Sullivan. "The integration of computing devices enables interoperability by linking people, processes, and data without any physical movement. Reducing human intervention at various steps of the supply chain can be a game-changer during a pandemic or similar crisis.