Logistics is the art & science of managing and controlling the flow of goods, information and other resources from the source of production to the marketplace. Logistics is concerned with strategically managing the supply chain so that the right goods get to the right place, in the right quantity, at the right time, in the best condition & at an acceptable cost. Logistics is involved everywhere. An integral part of the product lifecycle, team logistics ensures that the products that you see, experience and use are made available to you at your place of residence or anywhere else you demand.
Indian logistics industry is estimated to generate business worth over $110 billion in the next 2 years. The industry would need more than 420,000 skilled people by 2022. Year 2021 has given a boom to logistics industry. India is set to witness investments close to 50,000 crores for in the creation of warehousing facilities across the country by 2022.
The global logistics industry will grow to US$ 15.5 trillion by 2023. The country's logistics industry which is worth around USD 160 billion is likely to touch USD 215 billion in the next two years with the implementation of GST.
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