India Increases Attention to Logistics

Here is one to pay attention to. Indian business and government officials are becoming more savvy about transportation and logistics, which is a growing concern on domestic and international companies opearting in India.

Traditionally, manufacturing companies in Asia managed their own logistics requirements in-house, partly due to lack of capable third party logistics players (3PLs). However, as competitive pressures escalate and local (in India) logistics companies become more proficient, Asian manufacturers are starting to outsource their logistics needs to capable local service providers so as to focus better on their core competencies.

The situation is more or less similar to that of outsourcing in the information technology industry. In a bid to cut cost and to improve efficiency in their respective field, IT companies abroad and in India are outsourcing their non-core activities to a third part IT service provider.

Advanced logistic systems would make Indian goods more competitive globally. The success of today's market leaders such as Wal-Mart, Dell, Cisco and Toyota is based to a significant degree on their superior operations and logistics capabilities.

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