CSCMP's Supply Chain Quarterly
February 23, 2018

The Supply Chain of the Future – Tomorrow's Vision or Today's Reality?
Join Intel as we provide insight on how the Internet of Things will continue to transform key supply chain elements.
Supply Chain Executive Insight E-Newsletter
Each week the Supply Chain Executive Insight e-newsletter will include brief articles about developments that are often overlooked by other supply chain publications. We will present you with summaries of the latest research as well as new ideas on how to make your supply chain operations more effective. And we'll offer commentary that sheds light on what's happening in supply chains today.
Sign up now!

Most Read Articles

News from our sister publication
DC Velocity
Forward Thinking

CSCMP issues research update on India

A new publication in the "Global Perspectives" series looks at the current state and future prospects of India's logistics and supply chain management industry.

The latest issue of "CSCMP's Global Perspectives" provides an update on developments, trends, and challenges in the Indian economy and market and how they impact logistics and supply chain management (SCM) services in that country.

With the growing interest in emerging economies like India, opportunities are also increasing for businesses and investors interested in tackling infrastructure development, third-party logistics (3PL) and fourth-party logistics (4PL) operations, and technology adoption. The Indian government is making this sector a priority through its successive Five-Year Plans (Eleventh 2007-2012 and Twelfth 2012-2017), with the aim of finding improved solutions for logistics, infrastructure, and taxation issues.

The implementation of policies and projects like dedicated freight corridors, free-trade and warehousing zones, public-private partnerships, and foreign direct investments are bringing about noticeable changes. India is ready for change, say supply chain management professionals there, but how the country tackles growing demand and expectations may depend to some degree on the political climate that emerges in 2014.

The research revealed that the Indian transportation and logistics industry is at a crossroads and is on a trajectory to growth. With gross domestic product (GDP) of about US $1.8 trillion in 2012-13, India spent 13-14 percent of its GDP on logistics—thus creating an industry worth $237 billion.

Indian organizations are moving toward a different outlook in terms of logistics service providers, skilled logistics, and supply chain management staffing, in part through the increased adoption of technology like enterprise resource planning (ERP) systems, Web-based applications, social media, bar coding, geographic positioning systems (GPS), radio frequency identification (RFID), and so forth. In addition, more institutions are offering educational and certification programs to develop industry-ready professionals.

In light of those developments, as well as tax reforms like those affecting the Goods and Services Tax (GST) and the recognition of logistics and SCM moving up the value chain, the authors say that the near future shows much promise for India as it becomes better able to compete in an ever-changing global marketplace.

The 56-page CSCMP's Global Perspectives: India 2104 report is free to members as an e-publication.

Join the Discussion

After you comment, click Post. If you're not already logged in, you will be asked to log in or register.

Want more articles like this? Sign up for a free subscription to Supply Chain Executive Insight, a monthly e-newsletter that provides insights and commentary on supply chain trends and developments. Click here to subscribe.

We Want to Hear From You! We invite you to share your thoughts and opinions about this article by sending an e-mail to ?Subject=Letter to the Editor: Quarter : CSCMP issues research update on India"> . We will publish selected readers' comments in future issues of CSCMP's Supply Chain Quarterly. Correspondence may be edited for clarity or for length.

Want more articles like this? Subscribe to CSCMP's Supply Chain Quarterly.