Create platform for distribution
N Sivasailam, Special Secretary (Logistics) in the Commerce Ministry, has called for the development of free trade warehousing zones with substantial investment in the logistics sector as well as making return logistics the way for new market development.
He has also stressed upon various aspects of logistics within city and outside the arena.
Sivasailam reiterated the importance of logistics particularly in the Indian retail supply chain sector covering warehousing logistics; return logistics and agriculture logistics.
Creation of platform through digital transformation is the need of the hour for growth and development of a country like India, he told delegates at the 1st Retail Supply Chain Summit, 2020 of PHD Chamber of Commerce and Industry held at PHD House New Delhi on 20 Feb 2020.
Sivasailam urged members of PHD Chamber and stakeholders to enter into business and trade pertaining in state logistics and thereby create platforms and business opportunities that can facilitate, catalyze and encourage businesses and along with digitization add huge efficiencies at the Supply Chain front.
Elaborating, he said “it was time that our country resorted the joy of shopping in its people with efficient mechanisms of city logistics coupled with the benefits of digitization in the Indian supply chain logistics sector.”
Dr D K Aggarwal, President, PHD Chamber of Commerce and Industry, in his welcome remarks, highlighted the vital role played by digital technology and Artificial Intelligence (AI) in living up to the global competition in the supply chain logistics market.
Digital transformation is the best approach to minimize cost per square feet and optimize efficiency at all stages of supply chain management system starting right from procuring raw materials for production till consumption by the end consumer, said Dr Aggarwal.
Digital transformation of supply change is happening and will continue to happen, so it is time that either you change and avail its multi-fold benefits, or the time will change you, said Dr Aggarwal
The supply chain in India stands ready for a revolution, and investment in India’s supply chain infrastructure is gaining momentum, according to Sanjay Aggarwal, Senior Vice president, PHD Chamber of Commerce and Industry.
Digital transformation has the power to push India’s supply chain to the next level, said Aggarwal.
Sumit Duggal, Founder Signcatch, stated that retail in Small and Medium Enterprises is the second largest employment generating sector and provides employment opportunities for millions of growing young workforce.
Underlining the importance of the retail supply chain, Duggal reiterated that a platform should be created for large distributors to increase the spending on technology, creating mass employment in the country. fiinews.com
