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Startups Convey Logistics To Its Future

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Startups Convey Logistics To Its Future

By CEOInsights Team, 0

In the present times, the Transportation and Logistics industry is at its growth trajectory, globally shepherded by a robust infrastructure and technology backing. Though, the COVID-19 pandemic did hit hard, the Logistic industry has bounced back with greater growth opportunities, and the supply chains are already strained due to an upsurge in demand with economies rebounding from lockdowns and pandemic disruptions. Also, the grant of infrastructure status to logistics, the presentation of the E-Way Bill, and GST implementation are set to rationally boost the logistics sector in India. As per data published by Statista, where Indian logistics market was sized to be approximately $250 billion in 2021, it's projected to scale further realizing $380 billion by 2025, growing at a compound annual growth rate of 10-12 percent.
Laying emphasis on the customer-centricity and sustainability has become the gist of curating innovative and productive solutions for businesses' logistics operations handling & management. Hence, to relishing this growth opportunity at the firm level, the logistics organizations today, are focused towards reducing cycle times in order to add value to their customers, implementing better tools and strategies. And, what's actually helping augment these growth opportunities are today's technology-driven solutions like Internet of Things(IoT), Artificial Intelligence (AI), Machine Learning(ML), and Telematics integrated in the Logistic management systems. Yet most road logistics participants are already reigning the industry, there are many new players who have entered the sector, and are gaining traction. Especially, with the help of digital platforms, the logistics startups in India have gained a solid foothold leveraging their reliable services.

In this issue of the CEO Insights magazine, a list of 'Top 10 Leaders In Transportation & Logistics Startups- 2022' is provided to the readers in corporate and different sectors, for informing the excellent services by the Leaders in Logistics. The listing is prepared by a team of industry veterans, CEOs and VCs, and the CEO Insights magazine editorial team.