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The Evolution of Supply Chain Visibility in India: Beyond ETA

Adhikansh Gupta

• 2 min read
The Evolution of Supply Chain Visibility in India: Beyond ETA

In the intricate world of supply chain management, visibility has always been a cornerstone. As one industry expert aptly put it, "Visibility is far more than just an Estimated Time of Arrival (ETA) for supply chain clients." It's about having a comprehensive view, right from the moment a load is prepared to its final delivery. This perspective is especially crucial in a diverse and dynamic market like India.

A Glimpse into India's Logistics Landscape

India's logistics sector is a behemoth, with some staggering statistics that underscore its significance:

  • Over 2.5 crore direct employees, making it a major employment driver.
  • Ranking as the 5th largest employment generator in the country.
  • Contributing approximately 15% to the nation's GDP.
  • Accounting for nearly 16% of Greenhouse Gas (GHG) emissions.
  • A booming market valued at around $260 Billion annually.

Freight automation in India is not without its challenges. Some of the most pressing issues include:

  1. Diverse Terrains: India's vast topographical diversity can pose logistical challenges.
  2. Fragmented Carrier Network: The carrier network in India remains highly fragmented and disorganized.
  3. Underutilization of Multimodal Transportation: There's a significant gap in leveraging various modes of transportation efficiently.
  4. Siloed Systems: Multiple isolated systems exist, such as:
  • Procurement system catering to procurement needs.
  • TMS serving suppliers, manufacturers, hubs, ICDs, and CFSs.
  • WMS for warehouses and primary distribution centers.
  • DMS for distribution centers.
  • Custom Tech addressing the needs of consignees and consumers.
  • FAP for freight settlement.

Unlocking Opportunities in Freight Automation

Despite the challenges, there are numerous opportunities ripe for exploration:

  • Enhancing Procurement Intelligence for better decision-making.
  • Improving Load and Rate Forecast Accuracy for efficient operations.
  • Promoting Multi-Enterprise Collaboration to streamline processes.
  • Transitioning from fixed to Flexible RFPs.
  • Enhancing Vendor and Asset Communication for real-time updates.
  • Capturing Real-time Data for actionable insights.
  • Investing in Skill Development and Training for the workforce.
  • Effective Driver Management to ensure safety and efficiency.
  • Supporting and automating SMSE (Small and Medium Scale Enterprises).
  • Streamlining processes through Broker Automation.

Traqo: Pioneering Change in India's Logistics Sector

For companies like Traqo, these challenges and opportunities aren't just theoretical. They represent a roadmap for innovation, a chance to redefine logistics in India. By leveraging advanced technologies and adopting best practices, Traqo aims to transform the logistics landscape, making supply chain visibility more comprehensive and actionable than ever before.

Conclusion

India's logistics sector, with its unique challenges and immense potential, is on the brink of a revolution. As companies like Traqo lead the way, the future promises greater efficiency, transparency, and growth. The journey from mere ETA to comprehensive visibility is just the beginning.