Cargo Talk Feb2021 (2) - Flipbook - Page 35
INDUSTRY OPINION
Vikash Khatri
Founder, Aviral Consulting
ome of the key areas where pace
of change will be transformative
will be risk management, agility, use of
data analytics and automation. We will
see thrust on building resilience and
implementation of risk management
strategy to incorporate more flexibility and
agility to react and adapt quickly in case
of any disruption. In the new scenario, a
complete relook is required on most counts
of supply chain like vendor mix, geography
mix, inventory mix, outsourcing mix, etc.,
which will be the need of the hour. Role
Supply chain leaders
of supply chain leaders is quite complex in
must go for ‘logistics
the modern era. Leaders are expected to
deliver a fine balance between cost, quality
audit’ and ‘risk audit’ to
and service levels across network along
identify improvement
with profitability and sustainability. In such
areas and vulnerable areas a situation, one of the challenging tasks is
to identify weak and vulnerable links in the
in their supply chain
chain. Many of these weak links may be
controllable while some may be non-controllable as well. So, supply chain leaders must
go for ‘logistics audit’ and ‘risk audit’ to identify improvement areas and vulnerable
areas in their supply chain. Objective of these audits is to examine competitiveness and
robustness of logistics operations, efficiency and cost structure.
Logistics Skills Talk
s
Trends set to shake up the space:
If India accepts documentation over a Blockchain platform, it
will help eliminate all the unnecessary printing, scanning and
emailing, and multiple rounds of back and forth, resulting in
improved time and process efficiency.
Exporters still struggle with poor inventory management, lack of
container space and transportation, among others. A transition
towards smart demand-supply management is expected.
A crucial component of green logistics is the usage of electric
vehicles across all legs of the supply chain. We will see the use of
electric vehicles increasing, especially in the last-mile operations
of firms.
A change is expected in upstream and downstream supply chain
network. On upstream procurement, global sourcing will get
realigned to new sources and we will also see more thrust on
onshore procurement in order to mitigate various geo-political risks.
On the downstream, emergence of omni-channel will be on a fast
pace. These omni-channel warehouses will be relatively small in size
and closer to consumption markets for faster turnaround.
21 CC Education and NSDC join hands
partnership is pioneering in its
effort to present an opportunity
for thousands of users present
on NSDC’s eSkillIndia portal
and in its skilling ecosystem to
not only upskill, but also help a
largely unaddressed demographic
in the Indian workforce build
robust careers in the logistics,
transportation and supply chain
sectors.
Sanjay Tiwari
Co-founder
21 CC Education
2
1CC
Education
has
partnered with National Skill
Development Corporation (NSDC)
to provide skill-based education
specifically for the logistics and
transportation industry. The
Sanjay Tiwari, Co-Founder
of 21CC Education, says, “The
trend is clear- it is time to
change the face of logistics and
transportation. It is time to invest
in people and in using resources to
upskill and reskill them. Through
this new association with NSDC,
our young and robust workforce
will have the opportunity to not
only be gainfully employed, but
also build a legitimate career
by training with us.” 21CC’s
unique application offers nearly
50 courses from a library of
110+ modules that guarantee
skill development in logistics
and transportation sectors. These
courses are available on NSDC’s
eskillindia.org portal, which is an
online learning hub with more
than 800 courses in 20+ sectors.
Meeting demand to be a global leader
A recent report from the World Economic Forum reveals that by 2022,
at least half of the Indian workforce will require reskilling or upskilling
in order to keep with the changing demands from the logistics sector.
India’s logistics sector is ripe and rich in potential. According to a KPMG
logistics report of 2019, the Indian logistics sector is a US$ 200 billion
market. The explosion of e-commerce and e-tail, further exacerbated by
COVID-19 and over 560 million internet subscribers, the transportation
of critical goods is now tantamount to an essential service. At the current
rate and with the skill level leaving much to be desired, the sector is still
predicted to grow at over 10% CAGR in the next five years to reach
around $320 billion to $330 billion. If the future-ready workforce of
skilled professionals is made proficient in warehouse practices, logistics,
digital inventory management, space optimisation, exposure to IT,
verbal and written communication, the sector has potential to make
India a global leader.
FEBRUARY - 2021
CARGOTALK 35
