Budget 2021: Digitization, robust warehousing infrastructure key to solving pitfalls in the logistics sector
The priority focus of the budget should be to encourage the adoption of digital tools and solutions across the logistics value chain through a digitalization transformation strategy.
Unprecedented in its scale and spread, the outbreak of the COVID-19 pandemic battered world economies, threw global supply chains into disarray, and brought international trade and commercial activity to a complete standstill. The pandemic put the Indian economy into a tailspin and exacerbated the downturn across several key economic sectors.
The pandemic has created a slew of operational challenges for the $160 billion Indian logistics sector as well, yet it remained largely functional and facilitated the smooth movement of goods and services despite the labor and cash-flow issues.