Last Update: 2024-10-03 11:58:37
General information The Indian logistics market recorded revenues of about US $103 billion, witnessing a growth of about 4.9 percent over the previous year. Transportation accounts for about 60 percent of the market revenues. The Indian logistics market is likely to witness consistent growth of around 6-7 percent every year during the period 2016-2020 and reach revenues of about US $150-$160 billion by 2020*. Logistics market for the retail sector was about US $27 billion as of 2014. Transportation contributed the largest share of this market followed by warehousing. Transportation segment is about 92% unorganized and highly opportunistic. Within which Intracity shares is about 62%. With the advent of GST bill planned to be passed in 2016 effective in April 2017, whole industry has to change the way Logistics and Transportation is handled today. The logistics practices of the e-commerce industry are significantly different from thetraditional business channels. The value chain itself is significantly shorter than traditional business channels and the logistics dynamics playing on this industry are primarily driven/triggered by a customer’s purchase/transaction on the e-commerce website. In that context, this is a pull based value chain unlike the push based value chain employed in traditional business channels. The plight of stakeholders be it Small and Medium Enterprises, consumers, drivers, vehicle owners is varied in degree....of which some are Multiple calls to be made to understand where the vehicle is currently located, Real time Traffic conditions unknown to driver, lack of visibility of # of vehicles idle leading to unstructured, ransom and unfair pricing in peak hours,, unavailability of real time tracking of vehicles, customer bear the responsibility of lost, damaged goods, last mile unloading is a challenge, lack of Insurance services and no incentive to driver to since the reverse route transport is uncertain, non-transparent brokerage charges. We bring all parties in a single unified platform connecting business with consumers to vehicles, drivers and brokers. All the parties can take advantage of our platform:Fast: Instant bookings or book later Reliable: We shoulder the responsibility of faster deliveryTracking: Track your Goods and assets in real time.Intelligent Routing of Vehicles: We route the vehicles based on real traffic conditions and give realistic time to deliver at destinationBookings: Book the Vehicles the way you like it, use our app, website or thru phone callUnmatched Pricing: We offer unmatched pricing, which is lowest in Industry. If you find any other matching our price, your delivery is free. * Source: Mega Trends in the Indian Logistics Sector for 2015-16 by Frost & Sullivan for CII