A perceptive, well-thought out quote .An e-commerce firm can become India.s largest retailer by 2015.. by Mr. Vishal Mehta, CEO, Infibeam definitely heralds the arrival of the undeniable sway, influence and presence of the ecommerce industry in India.
Globally, Asia is expected to have outdone North America in 2014 as the biggest e-commerce marketplace. The figures cannot be more promising, by 2017, it is likely that Asian e-commerce sales would peak $1 trillion or about 20% more than North America.
In recent times the logistics industry has gone through a paradigm shift. The demand for fast and seamless delivery between different physical points have increased manifold and to meet these new demands the approach to the practices of logistics, distribution, and delivery has changed.
The business landscape in India is changing at a rate that is faster than ever before. To keep in tune with that, the logistics industry has also evolved at a pretty fast clip. In particular, the industry has seen the rise of quality software and better operation models that are designed to deliver your goods and produces seamlessly.
In a country as large as India different regions have different weather conditions ranging from excessive heat to hailstorms to freezing conditions. For instance, the harsh summers in the south are in stark contrast to the freezing cold of the Himalayas in the north and north-eastern parts of the country. The rain and humidity of the east would be the opposite of extremely dry heat in the desert areas of the west. All these can have severe effect upon the movement of goods when they are in transit.
Technically Logistics is the management of the flow of goods from the point of origin to the point of consumption. A logistics provider should have the wherewithal to provide every kind of service as per the client.s requirement.
The Indian e-Commerce industry is slated to be grow into a $90 billion market by 2021. This prospect has changed the way many businesses operate in India. For instance, the industry is shifting from direct store replenishment by suppliers, to wholesalers, to the rise of global sourcing to address the changing scenarios.
Urban India is increasingly embracing the digital. The internet and the mobile are rapidly becoming the preferred mediums and modes for communication and interaction for both professional and personal lives. For instance, in recent years mobile shopping has increased by a whopping 91% while 92% of consumers have sought information online vis-a-vis seeking those through any other medium or source.
The speed of digital transactions has generated an unforeseen demand for fast and efficient logistics services in the eCommerce space. However, the demand is often so much that it is beyond the scope of an eCommerce service provider to handle all the logistics on their own.