Created on February 10, 2017
The 2017 financial and rail budgets being presented together was a historic shift for the Government. The push has been maintained towards modernizing the nation’s logistics infrastructure and encouraging movement of good via multi-modal channels.
A few highlights of the Union Budget and what implications they would have on the logistics and technology sectors:
With the introduction of GST, operational inefficiencies are set to be reduced drastically.
Our view is that currently the infrastructure hurdles have hindered quick TATs and driven up logistics costs. With the increased focus on the fundamentals such as roads, railways, ports and GST, we feel that these conventional problems are set to reduce in the next decade.
With the rise of the manufacturing sector and e-commerce, customer needs are evolving rapidly and smart adoption of technology will be essential in further driving down costs and increasing service levels.
Experienced professional in logistics technology space and handles sales at Shipsy for Southeast Asia. Helped companies across different sectors reduce inefficiencies in supply chains. His other interests includes economics and psephology