The event was inaugurated by Minister of State for Road Transport and Highways Sathyanarayana Sarvey.
“India is emerging as one of the world’s leading consumer market and is expecting to sustain a strong growth over the coming years and strives to become one of the top three economies in the world by mid-century,” the Minister said in his inaugural address.
“The logistics sector plays a major role to support this cause, the connectivity and the convenience in operations is the key for sustaining the global trade growth. Currently India’s logistics sector is valued at around $ 125 billion and is likely to cross the $ 200 billion by 2020. Government’s increased spending on infrastructural development; encouraging involvements of private players in key projects through public-private partnership are catalyzing growth,” he added.
The Minister pointed out that the government’s programs and measures like introduction of FDIs, establishments of logistics parks, development of air cargo terminals, investment linked sops, planned implementation of GST and dedicated freight corridors were supporting the sector to speed up growth.
“The Logistics sector is projected to grow at a CAGR of 10 to 12 percent for the next 3 years. Generating skilled manpower, technology implementation and improving the infrastructure are the most needed support to the sector. I am sure collectively we should be able to address all the needs,” he said.
Among others who addressed the conference were Cyrus Guzder, Chairman, CII Institute of Logistics Advisory Council, R. Dinesh, Co-Chairman, CII Institute of Logistics Advisory Council and Knut Alicke, Master Expert, Supply Chain Germany, Mckinsey and Company. The scope of publication was presented by Sumit Dutta, Partner, Mckinsey and Company. The Minister of State for Road Transport and Highways released the publication.
“It’s important to focus on the key challenges to help industry to leap into the next generation of supply chain. To tackle these challenges CII has taken up a series of initiatives like Supply Chain Strategy to align with corporate strategy, Logistics Network (Re)design, Logistics Cost Optimization, Supply Chain Responsiveness – Availability and agility and Supply Chain Operation Excellence to reduce the working capital,” said Guzder.
The key SCM issues faced by companies in India are broken supply chain infrastructure, market fragmentation, strong local dealers and stockists with limited visibility into POS, limited pool talent and un-reliable and unstable supplier conditions.
The conference attracted end users and senior business executives from manufacturing, telecom, retail, FMCG, pharmaceutical, railway, shipping, ports, logistics service providers, freight forwarders, warehousing and distribution and a number of other sectors.