Logistics Companies in India: How Can it Become More Efficient & Resilient? (Communities - Services Offered)
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Logistics Companies in India: How Can it Become More Efficient & Resilient? | |
Pharma logistics has seen an exponential rise in demand last year. India is the largest vaccine supplier globally, producing approximately 62% of the global supply. The industry is expanding due to the high demand for pharmaceutical products owing to an increase in health problems. Data Bridge Market Research analysis shows that the pharma logistic market is expected to reach USD 446.61 billion by 2030 at a CAGR of 8.8% from USD 227.45 billion in 2022. For the longest period, the pharma logistics sector stayed unorganized, but with the settling of big giants and large businesses in India, it is changing. India's pharma logistics sector has seen recent developments and trends that are majorly responsible for the growth of this sector globally. Having said that, it is yet to boost its resilient supply chain and end-to-end visibility for its time and temperature-sensitive pharma products. Logistics companies in India leverage refrigerated trucks to transport perishable and temperature-sensitive goods. However, as per the International Institute of Refrigeration, refrigerated trucks or transportation consumes 20% more gasoline due to refrigeration equipment. The transportation sector contributes to a quarter of carbon emissions causing air pollution, not to mention noise pollution. The logistics sector depends heavily on road transportation. The logistics sector must switch to electric vehicles or solar-powered transportation to reduce carbon emissions. While supply chains are evolving to become more environmentally friendly and cost-efficient, it is a collaborative approach that will make temperature-controlled transportation a sustainable option! The pharmaceutical industry, specifically the logistics companies in India, needs to find solutions for a more sustainable future. The industry needs to reduce packaging waste, switch to electric vehicles, and initiate a tech-infused infrastructure to ensure the nation swiftly moves towards a more sustainable and resilient future. To Know More https://jeena.com/blog-read.php?slug=logistics-companies-in-india-how-can-it-become-more-efficient-and-resilient  | |
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| Target State: Maharashtra Target City : Mumbai Last Update : 19 November 2024 10:16 PM Number of Views: 41 | Item Owner : Jeena & Company Contact Email: Contact Phone: (None) |
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2024-11-21 (0.589 sec)