International shipping, & logistics company in India

The globalized world is rapidly moving towards interconnectedness and interdependence and the international shipping industry has been instrumental in facilitating the global trade boom. In 2023, the size of the global logistics market was estimated to be US$ 5.4 trillion. According to IMARC Group’s projections, the market will increase at a 4.1% annual rate from 2024 to 2032, reaching a value of US$ 7.9 trillion.

Global shipping and logistics are experiencing tremendous growth due to a surge in e-commerce and new-age technology which is further fuelling the transportation infrastructure development. Indian logistics is also booming due to the government’s several ambitious initiatives and policies like the National Logistics Policy, and Sagarmala & Bharatmala projects, which are all set to redefine the country’s position in the global logistics domain. 

While technology is going to be one of the major catalysts which will shape the future of international shipping, let’s explore several other crucial trends and predictions for the future of the Indian logistics industry in this blog. 

Future Trends And Predictions For The Indian Logistics Industry

Automation and Robotics

Automation and robotics have penetrated the logistics and shipping industry. Be it warehouses or distribution centres, manual procedures are now being replaced by innovative technology like Artificial Intelligence. Right from processing orders in a distribution centre to delivering them to customers’ doorstep, automation is taking over everywhere, thus saving time and money.  

Sustainability

The world is going eco-friendly, or let’s say that sustainability is the new trend everywhere! While the major world economies are joining hands to stay committed to their goal of cutting down on their annual carbon emissions, the shipping and logistics industry still has a long way to go. Some of the global shipping leaders are readily taking environment-conscious measures like switching to electric freight of vehicles and biofuels for logistics operations. Businesses are also opting for sustainable packaging material to cut down on waste generation. 

In the upcoming days, a lot of emphasis will be placed on making shipping and logistics more environment-friendly.     

Blockchain

Blockchain technology is a relatively new idea in the logistics industry. It is a distributed, encrypted computer filing system intended to offer real-time, tamper-free data. It will make smarter logistics possible by automating business procedures and presenting innovative concepts that can improve the security, efficiency, and transparency of logistics operations.

Big Data Analytics

Data is the new gold of today’s digital age. For the shipping and logistics industry, data analytics is becoming the key to overcoming major challenges like poor supply chain visibility, inventory understocking and overstocking, route and port congestions, etc. With rising digitalization, accessing data is more convenient than ever, which is empowering logistics companies in India and abroad to achieve efficiency and optimization in supply chain routes with smart inventory management and prompt real-time visibility. 

Augmented Reality 

Augmented reality (AR) has become a big deal in the world of logistics because it helps make tasks easier and more efficient. Imagine wearing special glasses that show you helpful information about the items you’re handling or guide you through a warehouse with virtual arrows. AR allows logistics professionals to see digital information overlaid in the real world, making it simpler to locate and organize goods. This technology minimizes errors, speeds up processes, and improves overall accuracy in the logistics industry, making it a major trend that is transforming the way things get done.        

Omnichannel Logistics

Omnichannel logistics has become an incredible way for businesses to approach a diverse customer base via multiple sales channels. It is by and large driving sales and traffic across various digital touchpoints, enabling touchpoints to reach out to a wider audience by robust inventory management and reliable logistics operations.    

Last-Mile Delivery

With the increasing significance of express shipping globally, the shipping industry is rapidly shifting its focus on improving last-mile delivery. Today, customers are more inclined towards quick commerce which covers not only fast shopping via online stores but also same-day delivery of their purchased goods. This demands the optimization of supply chain routes and distribution processes which further calls for the integration of automation within logistics at a base level. 

Smart Warehouses & Fulfilment Centres

As eCommerce and organized retail continue to grow, the demand for fulfilment spaces is growing. Logistics companies in India are focusing more on setting up warehouses and fulfilment centres in strategic locations,  laced with new-age technology like robotics.

One of the leading shipping aggregators in the country, NimbusPost offers the industry’s smartest innovative shipping and warehouse fulfilment solutions for eCommerce businesses of varied scales. Covering 29,000+ service areas in India and 196+ countries abroad, NimbusPost maintains smart warehouse spaces and fulfilment centres to facilitate the fastest eCommerce shipping at economical rates. 

Is India Going to Lead The Way Forward In The International Shipping?

India as one of the world’s fastest-growing economies has already taken the centre stage of world politics and trade. While the IMF predicts a positive growth rate for the Indian economy this year, the logistics and shipping industry is all set to generate maximum jobs, thus indicating a boom in the industry.  

Having said that, the government’s promising policies and projects for the shipping industry are further going to boost the logistics infrastructure upgrade in the country. In a nutshell, India has fastened the seat belts to become a global leader in international shipping.