ESSPL: Manifesting New Depths in Supply Chain Efficiency

If there is any industry that has significantly faced the brunt of the lockdown as a result of the pandemic, it's the supply chain industry. COVID-19 will have a lasting influence on the Global Supply Chain Networks. Consumer behaviour towards supply chain will change forever; they would look for more contact less delivery, show more sensitivity towards the origin of product, prefer lesser human involvement and possibly need for higher level of trust and transparency in the elements of SCM. On the demand side, the pandemic has expedited the digital future as there are more people shopping online. In addition to this SCM & logistics companies would face financial constraints and possible down-sizing or consolidation of operations. So, to support the increasingly dynamic demand with smaller teams, they would be looking towards technological solutions to help them do more with less.

10 Most Recommended Freight Management, SCM & Logistics Solutions Providers - 2021

Till March 2020, the logistics sector in India was growing 10.5 percent annually and was expected to reach US$ 215 billion by the end of the year (according to data from IBEF). And then the pandemic happened! Indian logistics industry faced multifarious challenges amid its own countrywide lockdown, labor shortages, cargo capacity challenges, a manufacturing slowdown, order delays & stuck shipments, and demand & supply shocks being a few among them. Our GDP is at its lowest in six years because of the COVID-19 standstill adversely affecting consumption and investment in the Indian economy. The transmission of supply chain management and logistics industry from offline to online was the only way forward and it triggered a swift execution as it became a matter of survival. Bespoke logistics players as well as the largest logistics divisions have increasingly started consuming top-notch technologies such as Blockchain, Data Analytics, Artificial Intelligence, and Machine Learning to enhance operational efficiency and optimize cost and time. This has played a crucial role in the revival of the industry. The time couldn’t be any better to recognize a bunch of organizations in the sector that are endeavoring to take Indian logistics & SCM industry past the adversities of the pandemic. CIO Insider has come up with a list of ‘10 Most Recommended Freight Management, SCM & Logistics Solutions Providers - 2021’, which comprises companies that have significantly flexed their innovative muscles to drive technology towards making the logistics industry more transparent, optimized, automated and predictive of the future trends. The following list has undergone strict scrutiny by a panel of experts that include industry veterans & subject matter experts, CMOs, CEOs, analysts, and the CIO Insider editorial team.