Read about the latest innovations in the in the world of logistics.
Supply Chain Management (SCM) is the system that connects and integrates the links of logistics management, sourcing, procurement, and conversion of any business.
The terms “Supply Chain” and “Logistics” are often used interchangeably by people around the globe.
Several small players have long dominated logistics in India. But now, tech startups are transforming this conventionally-run Industry with their disruptive concepts and approaches.
To get any warehouse started back and operational at near-full functioning capacity post the easing of lockdown regulations has been no easy feat. There are a variety of precautions and measures that need to be taken for a myriad of employees. And all these precautions vary from one set of job roles to the next.
As COVID 19 continues to have an impact on all aspects of the society, the pandemic has hit particularly hard on the food supply chain. In India the rigorous lockdown has seen a huge effect on an already slowing economy, resulting in an economic stimulus from the government. But the government’s challenges are two-fold.
With the entire nation under lockdown since 25 March, it has been over 50 days since the citizens were forced to take drastic measures to fight the ongoing pandemic. We are all experiencing just how difficult and disruptive the actions have been. And while all aspects of life have been hit, many learnings can be gleaned from the lockdown as well.
The huge impacts that the ongoing COVID 19 pandemic has had on logistics if self-evident and cannot be understated. There are massive fallouts from the strict but necessary lockdown implemented by the government. It has also resulted in a massive challenge for logistics, with regulations varying from state to state and a lack of universal policies.
With the advent of the ongoing pandemic prolonging and fears regarding a second wave of the virus in the fall, there is a lot of uncertainty about what the future might look like. Some anticipate that the supply chain management methods and practices that had become standardised in the global economy may have changed forever.
With things in an uncertain place because of the ongoing pandemic, the time is ripe for a Digital Transformation. While most of the previous discussions in the supply chain system have revolved around a timeline of 3-5 years before the digitisation transition even begins, circumstances have fast-tracked that discussion and thrust the onus onto the systems to fully embrace the digital transformation.
When you consider the impact of logistics in the economy, the scale is so massive that it is hard to quantify all at once. You have to delve deep into the various sectors that are heavily dependent on logistics. In the truest sense, logistics truly does drive the economy. The effective movement of goods creates larger trade and economic growth opportunities in an economy.
A big share of the market today is online, be it in the retail industry or even the service industry. There is no running away from it; the digital transformation of businesses is well and truly underway. So what are your options as a supplier who is part of the ecosystem? Well, intelligent capture of information and utilizing data for one. As the Indian consumer becomes more aware and savvy about online delivery, the demand is growing dramatically.
Sustainability and going green are buzzwords in plenty of business sectors nowadays. So is it any surprise that the concept has found its way to the supply chain management sector? When a traditional supply chain system is infused with sustainable and environmentally-friendly processes, it is called a Green Supply Chain Management (GSCM). Any part of the process can be eco friendly - from material sourcing to product design, from production to end-of-life management.
When it comes to disasters or Acts of God such as a pandemic, they expose a wide variety of flaws in a plethora of systems. You could be part of the transportation ecosystem, or the water supply ecosystem or even the retail system. The fact of the matter is that when an unforeseen disaster strikes, it forces entire economies to revisit and evaluate the obvious and overriding flaws of the system. Sometimes these systems have deep-rooted problems that require large scale overhauls and sometimes it is about making minor adjustments that will help in adapting to the current situational needs.
If you think back to a few years ago, most people’s understanding of the term packaging was very limited. The image of a packet which contained food products or simply a carton was usually the norm. But the fact of the matter is, the packaging industry as a whole has come a long way since those days. Technology has played no small part in it. The role of packaging has now expanded to ensuring that there is an increased consumer value, which in turn leads to higher returns in the form of better sales.
Anything data that can be made sense of or interpreted in a meaningful way is information. This means that the data’s purpose and source have to make sense. To make an Information System, there has to be a specific purpose. This means that an Information System must make sense to someone like a system analyst. The specificity of making sense to a system analyst is what makes it an Information System. It goes without saying that different types of Information Systems are created and suited to the different purposes that they are created for.
The simplest way to understand Pick and Pack is to think of an e-commerce business. Pick and pack is the process that helps an e-commerce business fulfil its orders. The process is not limited to just e-commerce, of course, but it helps get a good understanding if we take it as an example. Rather than shipping large cargoes, e-commerce businesses depend on a smaller selection of individual products that are picked from large warehouses by workers and then placed into small packages that are then shipped to a particular consumer. This process also helps in reducing costs for businesses as they save on a lot of overheads like freight and handling charges etc.
With growing demand and new emerging markets for perishable goods, the need for temperature-controlled packaging and cold chain logistics is on the rise. This in part due to the increase in demand for things like fresh foods, flowers, temperature-sensitive pharmaceuticals and several other perishable goods. The need for doorstep delivery has seen the need for developing technologies and services to match these demands. Then, as is often the case with perishable goods, there are legitimate concerns about the safety of the goods themselves and also the methods used for preservation. Consumers have a very vague idea of the methods used for conserving these goods and whether or not they are safe to use.