The Indian logistics sector is at a very interesting juncture now, though it is highly unorganised, with low on-time reliability and high transit times, according to a senior executive at the DHL.
The global logistics giant DHL which launched the Internet of Things (IoT)-enabled 'SmarTrucking' in May plans to provide an innovative trucking solution across the extensive road network in India, DHL SmarTrucking CEO Neeraj Bansal said.
It was launched with an aim to give a makeover to the country's logistics sector by bringing in reliability of operations, improve operational efficiency and service quality and reduce costs for the customers through the innovative use of new and emerging technologies.
"The Indian logistics sector is at a very interesting juncture right now. On one hand, there are some great initiatives that are creating immense growth potential in the sector, while on the other, constraints continue exist that are putting the brakes on this growth," Bansal said.
He said that the sector was highly unorganised, with low on time reliability and high transit times.
It also faces challenges due to low technology adoption and lack of skilled drivers, Bansal said, adding that the industry is also very fragmented with many small local players as well, but there is no single player in the market that has a strong national presence.
"Our aim is to offer the fastest transit times and highest reliability with ease of use, end-to-end consignment visibility, temperature-controlled capabilities and real-time tracking that beats industry standards," he said.
"Our goal is to give the Indian logistics sector a makeover through the innovative use of new and emerging technologies," Bansal said.
"With DHL SmarTrucking, we plan to build a fully-owned, 10,000-strong, IoT-enabled and temperature-controlled fleet and hire 20,000 - 25,000 drivers in the next 10 years," he added.
DHL SmarTrucking uses the Internet of Things (IoT) to enable traceability, visibility and reliability of operations.
This reduces transit times by up to 50 per cent compared to the traditional trucking industry and provides over 95 per cent on time reliability with ease of use, end-to-end consignment visibility, temperature-controlled capabilities and real-time tracking, he added.