Logistics ensures smooth flow of goods and services from origin to consumption. It encompasses transportation, warehousing, inventory management, and order fulfilment, integral for success of any business. As global economy is becoming interlinked, importance of efficient logistics cannot be overstated.
Despite its critical importance, the logistics industry faces several challenges that hinder its efficiency. Key issues include:
- Technology adoption: Many logistics companies are slow to adopt technologies such as Artificial Intelligence, Internet of Things, and Blockchain,
which can enhance efficiency and transparency. - Skilled workforce: There is a shortage of skilled professionals who are trained in modern logistics practices and technologies.
- Sustainability: Though environmental concerns are important, yet logistics ops are not optimised for sustainability.
To address these challenges, it is crucial to attract young talent to the industry. Here is how:
- Awareness campaigns: Educate youth about the diverse career opportunities in logistics and its importance to the global economy.
- Modern work environment: Create a work environment that incorporates technologies and flexible work arrangements to appeal to tech-savvy millennials and Gen Z.
- Career development: Offer clear career progression paths and learning opportunities to keep young professionals engaged and motivated.
Skilling in logistics:
- Efficiency: Skilled professionals can optimise logistics processes, leading to cost savings and faster delivery times.
- Technology utilisation: Training ensures that employees can effectively use advanced technologies to improve operations.
- Sustainability: Training can help implement sustainable practices, reducing the environmental impact of logistics operations.
Logistics: an Evergreen industry
Logistics is an evergreen industry that will always require human intervention, despite advances in automation and AI. Skills such as problem-solving, decision-making, and customer service are irreplaceable. The logistics industry needs an influx of skilled
professionals to adapt to changing market demands and modern technology.
Industry-academia collaboration
To bridge the skills gap, the logistics industry should forge strong relations with educational institutions. This can include:
- Curriculum development: Collaborate with colleges to develop curricula that meet industry standards and requirements.
- Internships and apprenticeships: Offer hands-on training opportunities to students, providing real-world experience and enhancing their employability.
- Guest lectures and workshops: Experts can share their knowledge and insights with students, keeping them abreast of the latest trends and technologies.
Future of logistics in India
The logistics sector is poised for growth, driven by factors such as e-commerce, government initiatives such as the National Logistics Policy, and infrastructure improvement. Young blood plays a crucial role in this growth by bringing fresh perspectives and innovative solutions to the industry.
Reducing logistics costs
India’s logistics costs are high compared to other countries. To remain competitive, it is essential to:
- Infrastructure: Invest in roads, ports, and rail networks to enhance efficiency.
- Adopt technology: Implement advanced technologies to streamline operations and reduce wastage.
- Skilled workforce: Develop a workforce trained in best practices and modern technologies to optimise logistics processes.
Bridge between industry, academia
The gap between logistics and educational institutions be bridged by crafting special training programmes, setting up centres of excellence in colleges, and ensuring students are equipped with the skills and knowledge required by the industry. Our initiatives help create a pipeline of skilled professionals ready to drive the logistics and various sector forward.
