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🔼 8.8% growth by 2029? 🔼 🔴 According to the recent LogiMAT India Logistic fair release, India is supposed to grow by $484.43 billion by 2029.  🔴 The main reasons are- ▶ Technological advancements in transport services  ▶ Advancement in automation and intra-logistics ▶ Transportation management and warehousing The developments will not only shape the future of logistics companies in India but also build a new generation of efficiency in logistics. Do follow for more updates. Read more in the new article- https://lnkd.in/gnXfQRQx #logistics #transport #transportation #trucking #shipping #supplychain #freight #cargo #logisticscompany #delivery #truck #business #trucks #logisticsmanagement #export #warehouse #import #truckdriver #warehousing #freightforwarding #courier #freightforwarder #logistik #deliveryservice #supplychainmanagement #ecommerce #trucker 

Growth rate of logistics industry in India: Indian logistics market to grow at 8.8% annually to $484.43 bn by 2029. Indian freight and logistics market is estimated to grow at 8.8 per cent annually to USD 484.43 billion by 2029 from USD 317.26 billion in 2024 due to technological advancement, as per a report released at logistic fair LogiMAT India. LogiMAT India 2024, the satellite show of Europe's biggest intralogistics exhibition LogiMAT Stuttgart, is organised by Messe Stuttgart India Pvt Ltd on February 28-March 1 at India Expo Mart. According to a statement, the integration of cutting-edge technologies and advancements in intralogistics, automation, warehousing, and transportation management heralds a transformative era for the logistics sector in India. Indian freight and logistics market is poised for remarkable growth. LogiMAT India 2024 projections indicate a surge in market size to USD 317.26 billion by 2024, with a projected CAGR of 8.83 per cent, catapulting it to USD 484.43 billion by 2029.

📢 Calling logistics and E-Commerce industry leaders! Mark your calendars because A.G Belting team is gearing up for LogiMAT India this February. 🗓️ Save the Date: 28th Feb – 1st Mar, 2024 🗺️ Venue: IEML, Delhi NCR 📍 Find us at Hall No. 9, Booth No. 9D22 In today's dynamic business landscape, the need to optimize processes and enhance efficiency in logistics has never been more crucial. As consumer demands soar and supply chain complexities increase, companies are turning to innovative solutions to stay ahead. Enter Automation 💡🤖 No matter your industry—be it food, beverage, chemical, pharmaceutical, or beyond—automated material handling systems offer unparalleled versatility. Ready to revolutionize your operations? Swing by A.G Belting Booth-9D22 and discover how our experts can elevate your storage, picking, sorting, and intralogistics operations to new heights 🚀 #logimat #exhibitionstand #logisticsindustry #picking #delhincr #ecommercebusiness #manufacturingindustry #conveyorbelting #conveyorroller #innovativesolutions #leadershipdevelopment #conveyorsolutions

With consumption trends changing on a regular basis, businesses are constantly looking for methods to improve customer satisfaction, reduce costs and streamline supply chain operations. As a result, third-party logistics (3PL) warehousing has emerged as a crucial strategy to boost supply chain management efficiency and flexibility. A panel discussion on the transformative role of 3PL warehousing in modern supply chains took place at the India International Cargo & Logistics Show: IICS Exhibition & Conference 2023. Moderated by Mandar Mhetre, the panel members discussed how state-of-the-art infrastructure and innovative technologies are enhancing supply chains in 3PL warehousing. They also emphasized on adhering to global standards and meeting sustainability goals to attract foreign direct investment and fuel India’s aim to become the third largest economy. #SupplyChain #3PL #Warehousing

In a globally competitive scenario, operational and logistics efficiency determines the location and movement of goods. Freight and logistics networks are realigning according to the location of production and consumption activities, creating the hub-and-spoke models that are needed to improve freight and logistics performance.   Logistics is regarded as the backbone of the economy, providing an efficient and cost-effective flow of goods on which other commercial sectors depend upon.Federation of Indian Export OrganisationsÊ(FIEO)  LOGIX is one of the greatest Exhibition and Conference for Logistics and we had a great experience and amazing connections during the show. For more Contact us at +919019113355 E-mail us at info@racksandrollers.com Visit us at racksandrollers.com #LogixExhibition #WarehouseManagement #LogisticsIndia #AutomationRevolution #RacksAndRollers #IndustryInnovation #LogisticsMultiplier #ExhibitionEvent #SupplyChainTech #WarehouseAutomation #InnovativeLogistics #IndustryRevolution

📌Check the comments section for the full News link. Forklift Market Set to Reach $125.4 Billion by 2030! 🚀📈 According to MarketsandMarkets™, the global forklift market is projected to grow from $85.2 billion in 2024 to an impressive $125.4 billion by 2030, marking a robust CAGR of 6.7%. 🌏🔧This growth is fueled by the booming e-commerce sector, increased demand for warehouse automation, and the rise of labor costs. The Asia Pacific region is expected to dominate the market, driven by rapid industrialization and a surge in material-handling needs. 📊🌟 With advancements in technology and increased adoption in sectors like e-commerce and manufacturing, the forklift industry is set for significant growth. 📈🔍 #ForkliftMarket #IndustrialGrowth #Ecommerce #Automation #MarketTrends #Logistics #MaterialHandling #Innovation #AsiaPacific #Technology

Indian Logistics Sector Set to Surge, Reaching $484.43 Billion by 2029 According to reports presented at LogiMAT India 2024, the Indian freight and logistics market are projected to witness significant growth, with an expected annual growth rate of 8.8 percent. The market is anticipated to reach $484.43 billion by 2029, up from $317.26 billion in 2024. This growth trajectory highlights the sector's transformative phase, driven by cutting-edge technologies and advancements in intralogistics, automation, warehousing, and transportation management. LogiMAT India 2024, a satellite show associated with Europe's largest intralogistics exhibition, LogiMAT Stuttgart, showcased the potential for considerable economic expansion, job creation, and business scalability. Sachin Patil, Managing Director, and CEO of Messe Stuttgart, emphasized the transformative potential of new technologies showcased at the event, anticipating substantial investments, job creation, and economic growth in India's logistics sector. The incorporation of robotics, automation, artificial intelligence, and other advanced solutions is poised to redefine logistics operations, enhance customer service, and drive profitability for businesses. These technologies offer opportunities for logistics companies to optimize processes, reduce costs, and maintain competitiveness in today's dynamic business landscape. Read more about the report here: https://lnkd.in/giFgHEJ9 #Logistics #India #AI #Automation #lastmilelogistics

Join us at the Auto Supply Chain Summit 2023, hosted by The Institute of Supply Chain Management at Novotel Pune. Dive into the future of supply chain excellence with our panel discussion: 'Planning to Win and Executing to Deliver - Building an Integrated Value Network.' Discover how combining demand and supply dimensions creates a seamless connection from sourcing to consumption, forging a stronger integrated value chain. Don't miss the opportunity to explore the new dimensions of integrated business planning, merging logistics, business intelligence, and data into a powerful force. Let's shape the future of auto supply chains together! To register - events@iscmforums.com https://lnkd.in/dSK3sY5W ISCM Forums Institute of Supply Chain Management (ISCM) Dr. Rakesh Paras Singh Rohit Mantri @rakesh arora Anand Chorghade Manoj Sharma Ashok Sinha Pramod Kaushik #SupplyChainExcellence #AutoIndustry #BusinessPlanning #IntegratedValueChain #LogisticsInnovation #DataIntegration #FutureofBusiness #SupplyChainSummit #SCMEvents #InnovationJourney #BusinessIntelligence #AutoSupplyChain #StrategicPlanning #NetworkingEvent #SupplyChain #Logistics #Operations #Distribution #InventoryManagement #GlobalSupplyChain #DemandPlanning #Procurement #WarehouseManagement #LastMileDelivery #DigitalSupplyChain #SustainabilityInSupplyChain

Pirojshaw Sarkari (Phil), managing director, Allcargo Logistics Ltd said “Our focus is very firmly on delivering exceptional customer experience and modernising our infrastructure which will go a long way in ensuring the same. What add to our strengths are the synergies with Gati, which is #India’s premier express distribution company, As part of #AllcargoGroup, we are geared to offer truly end-to-end #logistics solutions. This synergy aligns with our commitment to delivering unparalleled services to our customers, creating a seamless and efficient #supplychain." Sushil Rathi, director, #AllcargoSupplyChain said “Our expansion plan is not just about increasing square footage; it's about strengthening our capabilities to better serve our clients. With modern infrastructure and advanced Warehouse Management Systems (WMS), our #warehouses will optimize the process of moving and storing goods while adhering to all required compliances” #ExpansionPlan #ContractLogistics #Warehousing #LogisticsExpansion #SupplyChainManagement #SupplyChainSolutions

Warehousing and Distribution Logistics Market to Scale New Heights as Market Players Focus on Innovations 2024-2030 Get Free Sample Report PDF >>>https://lnkd.in/eAmgUiAZ The #Warehousing and Distribution #Logisticsmarket involves the storage,management, and #transportation of goods from manufacturers or suppliers to end consumers or #retail locations. This market encompasses various services, including #inventorymanagement, order fulfillment, packaging, and #delivery. Key players in this market provide infrastructure such as warehouses and #distributioncenters, along with #technology solutions for efficient handling, tracking, and transportation of goods. The market supports various industries, including retail, #ecommerce, #automotive, and #healthcare, by optimizing #supplychains to ensure timely delivery, reduce costs, and enhance customer satisfaction. Growing e-commerce trends, globalization, and advancements in technology are driving the expansion and evolution of this market. List of companies from research coverage that are profiled in the study Agility GWC | Official DB Schenker DHL Genera Linfox GAC Group Aramex Integrated National Logistics LSC Logistics -In December 2021 Maersk had announced the acquisition of LF Logistics. With this acquisition, Maersk will expand its warehousing and distribution offering and respond to customers' rapidly growing demand for contract logistics. Warehousing and Distribution Logistics Comprehensive Study by Type (Warehousing Logistics, Distribution Logistics), Application (Aerospace, Automotive, Consumer, High-Tech, Industrial, Pharma & Healthcare, Retail, Others), Transport Mode (Air Freight, Inland Trucking, Ocean Freight), Verticals (Automotive, FMCG, Healthcare, Energy & Utilities, Industrial Machinery & Equipment, Others) -In October 2021 Geodis had announced the launch of contract logistics in Sweden. GEODIS, a global leading supply chain provider, is creating a contract logistics footprint in Sweden for the first time with the inauguration of a 16,000 Sqm facility as part of its organic expansion strategy. Ask For More Info >>>https://lnkd.in/epMC78rS #Warehousing #Logisticsmarket #transportation #inventorymanagement #distributioncenters