Page 23 - ITLN May-June 2024 for Magzter

Industry leaders will prioritise eco-
friendly practices such as EV fleets and
carbon-neutral facilities. Additionally,
there will be a focus on reverse logistics
and circular economy models to
reduce waste and promote responsible
resource utilisation utilisation.
"Sustainability is a top priority in
the logistics industry, and Locus is
committed to enhancing sustainability
through our innovative solutions. We
continuously improve route planning
to reduce fuel consumption and
carbon emissions. Our clients have
EV as a Service has saved 12 million kg in greenhouse gas
become popular, offering emissions, equivalent to the emissions
tailored programs to sequestered by 30 thousand acres of
accelerate EV adoption forest cover each year," said Rastogi.
"Additionally, our industry-first
Akash Gupta Last-Mile Maturity Assessment tool
Zypp Electric empowers businesses to optimise
their logistics operations for increased
efficiency, customer satisfaction, and
sustainability," he added.
Jain highlighted the industry's
increased clarity, transparency, and latest sustainability efforts, including
confidence, fostering deeper growth and reducing environmental impact,
expansion across India. promoting ethical sourcing, and
Jain and Bansal agreed on logistics enhancing circular economy principles.
advancements. Bansal emphasised the ProcMart has launched initiatives such
ability of logistics companies to scale as BioFuel and Sustainable Packaging
operations and optimise inventory verticals and advocates for eco-friendly
management using AI, driving logistics practices.
efficiency and innovation. Rastogi Trucknetic's Jain also mentioned
added that continuous innovation and the need to address the high cost of
AI insights empower businesses to be logistics, the unorganised nature of
more agile in the logistics landscape. We’re aiming to reduce the business, and challenges with
Jain highlighted ProcMart's AI and ML the return load deficit asset utilisation and return trips.
algorithms for data-driven inventory He added, "To be more sustainable
management decisions. and address the demand- in the industry, it's essential to
As stated by Falcon's Chief supply mismatch, which consider the high cost of logistics in
Business Officer, there is a growing currently results in the country, which is 14 to 16% of the
trend towards flexible automation significant losses of $75- GDP compared to eight to 10%. The
solutions like ASRS, AMRs, and AGVs 100 billion annually in business's unorganised and pragmatic
in India's logistics sector. Falcon, an the country. nature means that 95% of fleet owners
intralogistics automation solutions own around one to three trucks out of
provider, has developed innovative Arham Partap Jain 12 million in the country.
technologies such as advanced Trucknetic There's also an issue with asset
sortation systems, robotic 3D ASRS, utilisation, as it's less than 50%,
and conveyor automation solutions to costs, ultimately modernising India's meaning that more than 50% of trucks
streamline warehouse operations and logistics infrastructure and enhancing are either stranded with loads or
improve efficiency. These technologies its global competitiveness. moving with low output. This leads to
aid Indian companies in consolidating Sustainability as the key priority problems with returns, with 70% of
warehousing operations, increasing In 2024, planet sustainability will be trips not getting any load on the return,
throughput, and reducing logistics crucial in the last-mile landscape. and 30% ending up with some return
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