2022 - a review of Indian logistics & 2023 - an outlook
A dramatic year for the Indian logistics space - the launch of the National Logistics Policy, M&As across the industry spectrum, and growth multiples logged by various players... that’s the story of 2022 with every player having a story to share. So, what’s in store for 2023?
"Today, more than 60% of transactions and orders in India come from tier-2 cities and smaller towns. The e-commerce trend is gaining major popularity even in tier-2 and tier– 3 cities as they now make up nearly half of all shoppers and contribute three of every five orders for leading e-retail platforms. With a greater focus on the same-day delivery model, e-commerce companies are trying to stock more inventories closer to customers’ locations to improve the quality of products upon delivery and optimise efficiency." Sneha Gurjar, Director, CEM Engineers
"We plan to expand our offices to tier-1 and tier-2 cities across India by the end of 2023, multiple product launches have been aligned for the first half of 2023, and we plan to add 120+ members by the end of 2023." Zaiba Sarang, Co-Founder, iThink Logistics
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