Page 10 - ITLN JAN-FEB 2022 for Magzter
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Cover Story
              Indian Logistics























               Especially in the last
             mile, express delivery is
              increasingly becoming
              important wherein we
              are already eyeing for
              the drone deliveries to
                      kick in.
                  Nilesh Ghule
                     TruckBhejo


         to strengthen supply chain resilience
         and optimize last-mile logistics.
           “Supply chain brands have faced
         some typical challenges this year
         such as port congestions, sourcing
         difficulties, changing customer buying
         behaviours, and inaccurate demand
         forecasting. Moving forward, while
         supply chain resilience and green
         logistics continue to be vital for supply
         chains, brands will also invest a lot in
         supply chain automation and use tech
         to plan and manage last-mile fulfilment
         more cost-efficiently," he added.
           The chief data scientist of Locus,   transportation sector. Even though   He opines that logistics
         Shantanu S. Bhattacharyya has noted   there was no standstill disruption,   marketplaces have been hugely
         some of the interesting developments in   there has been a lot of pressure   successful in developed markets, and
         the technology side of logistics.   from the markets to streamline and   it is now time that the Indian trucking
           "Going forward large language    optimize the supply chains.         industry also undergoes a similar
         models (machine learning algorithms   Going forward, for Karan Shaha, CEO   transformation.
         that can recognize, predict, and   & co-founder of Vahak, it is amply clear   “The government has already
         generate human languages based on   that there is no ‘business as usual’   accelerated infrastructure
         very large text-based data sets) such   return in the transportation sector.   development, and with the National
         as GPT-3 (Generative Pre-trained      “Technology has come to the fore   Logistics Policy, the aim is to bring
         Transformer 3) will become much    like never before in this segment.   down the cost of logistics in India.
         more mainstream, and bigger models   AI, IoT, GPS, data analytics and   Currently, transportation costs are
         will become available for use. AI in   automation technologies are     approximately 14 percent and the
         blockchain, particularly Decentralized   facilitating seamless single-  target is to bring the costs down to
         Finance (DeFi) will become more    window integration of end-to-end    single digits and make the Indian
         common," he said.                  logistics operations, and in 2022,   logistics sector compete with the best
           In 2021, there have been plenty   we will see further adoption of such   in the world. It is quite a promising
         of changes witnessed by the Indian   technologies,” he said.           situation for industry stakeholders


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         January - February 2022                                                                         www.itln.in
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