Budget 2020

BUDGET 2020

Budget 2020

Finance minister Nirmala Sitharaman delivered her Union Budget 2020-21 speech on February 1.

Higher logistics costs lead to higher export expenses, which impacts the intensity of Indian products in foreign markets. While the logistics sector is ruled by transportation, containing 85% as worth, trailed by warehousing that contributes the rest 15%, key changes in the transportation can help to significantly cut down the general logistics cost.

Consequently, the budget has accompanied various positive updates for the logistics and transport sector. INR 1.7 lakh crores of funds are allocated for logistics and transportation infrastructure including railway infra upgrade, and investments in warehousing and logistics. Budget 2020 Going ahead, we anticipate a progression of strong activities, as compelling execution of National Logistics Policy (NLP),

Rationalization and relaxation of duties for warehousing , push for digitization in the sector & boosting green supply chain initiatives and spotlight on making a skilled workforce for logistics and supply chain. Explaining further on the key regions of change as under:

1. Focused approach for logistics development :

While there are a ton of logistics infrastructure projects in the pipeline declared in this budget with a goal of improving transportation network, an engaged way to deal with logistics would assist with quick developments. The Union Budget also declared the apportionment of Rs 1.7 lakh crores for transport infrastructure, promising to monetize 12 highways, spread over 6,000 KMs, by 2024. A critical way will be to push towards infrastructure development, which, besides the roads and railway network, will also include creating supporting bases in terms of warehouses, storage facilities etc.

2. Streamline process to GST and warehouse leasing :

While the execution of GST has streamlined a few procedures, it has affected the renting of warehouses. Tax subsidies and relaxation in the indirect taxes for warehouse renting can support the development of 3PL providers and warehousing operators. India has an estimated capacity of 162 million MT of agri warehousing, cold storage, reefer van facilities etc. NABARD will undertake an exercise to map and geo-tag them. With introduction of National Logistics Policy (NLP) under which development of warehouses would provide impetus for increasing warehousing supply which is expected to rise from 211 million sq. ft in 2019 to 379 million sq. ft in 2023. Net absorption of 36 million sq. ft in 2019 will get a further boost.

3. Encouraging Digitization (Automation) :

In a bid to ramp up the pace of the Digital India initiative, the government has now increased the outlay for the budget to INR 3,958 Cr for the financial year 2020-21 which will include the promotion of automation and digitization for the logistics industry. While a few global players, driven to a great extent by the eCommerce boom, have actualized implemented the latest technologies like IoT, AI based Transport software and Cloud Logistics ERP System for smart warehousing and logistics, supporting policies and encouragement for digitization is currently the need of great importance. To guarantee India figure out how to reach at objective of reducing Logistic expenses to 10% of GDP from the current 14%, executing tech-enabled smart logistics solutions are important.

4. Developing Skills, A key challenge :

Lack of un-qualified labor stays a big challenge for the industry. With technology and innovations in the cold supply chain, specialized warehousing, and digitization, it has become compulsory to have a skilled workforce that is well prepared and productive. While logistics keeps on being one of the biggest employment generators, a large portion of its labor is utilized in transportation. Specialized and fast developing sectors catering pharma, agriculture, meat and dairy, remain crippled with a handicapped workforce.

5. Promoting Green SCM :

Road Transportation stays probably one of the biggest contributors of air pollution, particularly in urban regions. While freight forwarding across railways and roadways is a more environmentally feasible option, these are at present ill-fitted and damaged with long journeys and delays.

Moreover, setting up of a green supply chain, with reasonable warehousing, utilization of electric vehicles and recycling of packaging material and so on., is yet to become standard and cost-efficient.

LogixGRID’s complete logistics software and transport software are capable to manage all types of logistics business and operations single handedly. LogixERP (Cloud Logistics ERP) which can handle your supply chain demands and warehousing operations and can be integrated easily with all the third-party software to give more insights about your business along with all the invoicing, billing and accounting. Logix.Network (AI-Based Transport Management System) is an advanced TMS for Manufacturers and Shippers to manage complete Inbound and Outbound Logistics and gives an upper hand to manage their operations more efficiently and gives upper hand amongst their competitors by saving cost and operational time.

LOGISTICS SUPPLY CHAIN EVOLUTION

Logistics Supply Chain

Logistics and Supply chain innovation is consistently developing over a decade, changes to address the issues of the worldwide supply chain, and offering huge advantages. We will take a close watch on Logistics and Supply chain Evolution happened over a decade.

1. Paperless Warehouses Will Influence Automation :

Ground breaking 3PLs need to use the immense data flow through their logistics and supply chains to settle on informed choices, better foresee future demands, potential issues, and manage workflows to satisfy such demands.

Sadly, some supply chains keep working with an obsolete processing model, using paper. Who needs paper in the present time? 3PLs that desire to remain advanced must develop their operations past the nuances of paper-based tracking and deploy fresh framework and the digitalization took place.

2. Growing E-Commerce Customer Expectations :

The normal volume of online business packages has expanded, and with all associations hoping to accomplish 100% transparency, clients hope to know it all. The expectations of customers expand further keep on growing, and customers play an imperative job in building brand reputation.

3. Business Intelligence and Analytics Will Govern 3PL :

The majority of shippers and 3PLs, concur analytics are important to progress. The rationale for these issues may change, including a lack of analytics information, inability to understand data, and poor arrangement of data.

4. Integration Between Systems Will Finally Get Grip :

Integration stands apart is another trend influencing supply chain innovation all through the coming year. As organizations search for better approaches to deliver more value to customers and B2B partners, the integration will be critical to streamlining picking, packing, and shipping operations.

To stay efficacious, shippers and 3PLs should guarantee integration with various sets of systems, including supplier and B2B partner connection technologies, such API and EDI frameworks, third-party picking, packing, and transport software, customer e-com business sites, for example, marketplaces, online shopping carts. While a few shippers may have at least one of these integrations, only the full set of integration can guarantee success.

5. Dynamic Workflows Will Enable More Improvement :

When standard rules were set to govern logistics and supply chain management. Sadly, the continuing evolution of the supply chain and growing interest for more web-based business development and abilities require shippers and other supply chain partners to work together and process more orders faster.

In other way systems must advance, utilizing AI, machine learning, virtual and augmented reality, robotics, and other trend-setting innovations, to empower ceaseless improvement. Such capacities are just conceivable through powerful work processes that adjust to the changing necessities of the supply chain.

6. Billing Automation to Enhance Accounting :

Another prevailing trend to expect in 2020 returns to automated billing and accounting. Previously, the utilization of auditing processes and accounting software stood apart as a key area of added value for customers, and the market hadn’t grabbed hold of the opportunities for automation in accounting.

The right applications of technology, inclusive of analytics, Cloud Logistics ERP, advanced Transport Management Systems, and automation, will make the biggest difference and help shippers stay competitive and survive.

LogixGRID’s innovative cloud-based logistics software is capable of managing your whole logistics and supply chain operations with ease. LogixERP is fully capable of handling all aspects of your logistics business from automating operations to automating billings and accounting, invoicing and optimizing business workflows.

Logix Platform is fully customizable according to your organizational needs. It comes up with e-commerce and carrier integrations to enhance your business experience. Also, Logix Platform can easily help supply chain managers with Digital Supply Network by predictive AI where enterprises can easily avoid such catastrophic events and keep their business running without hampering customer experience.

Are you looking for the best eCommerce Logistics Platform to manage the logistics operations of your eCommerce/Shopify store?

eComGlobus is an All-in-One eCommerce logistics platform that offers advanced eCommerce logistics features which will support you to manage your warehouse operations, fulfillment, procurements, last-mile delivery, return and refund management.

5G TECHNOLOGY

5G Technology

The next mobility revolution is here, and it could profoundly change how you offer logistics services. It’s Known as 5G (the fifth era of mobile innovation), a wide range of smart phones, connected gadgets will see immense upgrades in speed, responsiveness, capacity, and different regions.

It will be broadly received over numerous industries, including logistics, and can possibly change how your logistics business currently works.

Before getting into the particulars of how logistics service providers (LSPs) can be benefited from 5G, it worth discovering the general advantages that it gives.

1. A Brief Overview of 5G Benefits :

5G gives much preferred mobile network over 4G, over various regions:

Speed : 5G network will permit gadgets to download data 100 times quicker than existing 4G services, empowering them to download huge files instantly.

Capacity : 5G will have a lot more extensive transfer speed, permitting devices to transfer and download different streams of complex information at the same time.

Latency : The connection speeds across 5G are a lot snappier than existing systems. Thus, you will get a lot quicker response to anything that you do on a cell phone.

Slicing : “Network Slicing” implies that cell phones will have the option to utilize various 5G networks at the same time, incredibly expanding the “density” of data. For instance, one network could concentrate on location awareness, while another manages environmental monitoring.

Let’s delve into how Logistics Service Providers (LSPs) will have the option to utilize the fifth era of cell technology into logistics business.

2. Real-Time Tracking for Shipments :

Numerous logistics organizations as of now rely on the Internet of Things (IoT) devices to follow the location of shipments utilizing a combination of GPS and wireless connectivity. 5G technology in logistics takes that to the new level, as low latency implies constant, up-to-the-second tracking of goods.

3. Real-Time Tracking and Detailed Data at the Distinct Product Level :

It’s not only shipments that you can keep track of, however 5G IoT devices can likewise be appended to individual items for exact identification and location. This can altogether improve warehouse center racking, stock management, and picking and packing processes, with a definite comprehension of precisely where a particular item is consistently. Likewise, tracking innovation will improve warehouse management, while streamlining inbound and outbound distribution.

4. Revolutionary Last-Mile Delivery :

LSPs have quite struggled with the “Last-Mile Delivery” issue – how to maximize the speed and proficiency of getting products from a local distribution center to their final destination. 5G can assist by supporting new innovation like drone deliveries. A remote pilot could fly a drone utilizing a video and haptic input; on the other hand, drones may even turn out to be completely autonomous, with 5G supporting their sensors and communications.

As should be obvious, 5G technology in logistics is incredibly empowering. It’s a great opportunity to embrace the change and perceive how your logistics service providers can utilize 5G technology in logistics to make an upper hand.

LogixERP creates a strong network for logistics offerings, tracking, POD authentication, and settlement inception. By interfacing a worldwide network of multi-modal transporters to deal with each move, LogixERP joins carriers – from across the logistics industries – with first and last-mile deliveries and cost saving.

WAREHOUSE COST SAVING STRATEGIES

Warehouse Strategy

Reducing your costs, utilizing your employees and assets, and developing an environment of progress and commitment are key approaches to succeed in the present demanding business environment.

The techniques are planned in light of these objectives – to help warehouse cost savings and implement best practice for more profitability.

Utilizing them to roll out even modest improvements in the way you oversee labor, capitalize technology tools, build up continuous improvement in your corporate culture, or make better use of your warehouse space can give you a focused edge that results in a more advantageous and a more grounded position in the marketplace.

1. Below practices can be embraced to increase the cost saving practices for the organizations :

  • Implement More Effective Labor Management Practices.
  • Leverage Technology to Lessen Manual Procedures.
  • Use Lean Six Sigma Practices to Drive Continuous Performance Enhancement.
  • The automation has become a labor-management approach in the warehouse and distribution center environment and reduce warehouse cost and despite the fact that it’s never going to completely eliminate individuals, what number of organizations is finding, there’s an enormous opportunity to pull in, manage and retain your workforce more effectively.

2. The Best Practice Performance Indicators :

  • Personal/Individual performance.
  • Examine how your long-time employees are affecting your current work environment.
  • Ensure that people have careers, not just jobs.
  • Training – are your programs structured to help employees enhance their value to the distribution center?
  • Educate your staff on safety procedures.

The above steps can establish a baseline for evaluating the effectiveness of your labor management approach and increase the cost savings measures.

LogixGRID’s cloud ERP software can help warehouse operations to operate and optimize the processes to reduce the human errors and increase the profits efficiency. LogixERP is loaded with more than 300+ modules that can help you overcome your day to day warehouse challenges and make your processes more employee friendly increasing more work place satisfaction hence increased productivity.

LOGISTICS TRENDS 2020

Logistics Trends

New Year, New Spirit, New Ideas and New Opportunities: Logistics Trends 2020.

While delivery may have little to do with the nature of the items you sell, it is a fundamentally significant part of customer service just as your general brand reputation.

Through out this logistics trends, to stay aggressive in the present online-shopping-crazed economy, the one central aspect numerous online businesses have the most to gain up all is in Order Fulfillment Optimization.

As far back as the eCommerce boom, the focus has been on to deliver products faster with the least errors conceivable.

1. Logistics Security :

The way in which we realize these bottlenecks became serious was seen through organizations abruptly making logistics security their priority. With more noteworthy connectivity and increasingly powerful information, worries over logistics security and cyber security went to the forefront. Customer information confronted new difficulties, and enhanced information wealthiness gave drivers and fulfilment experts new corners to cut, posing a challenge to safety.

2. Collective Robots & Chat bot :

Collective robots, or chatbots, have been utilized progressively to upgrade storage, bundling, and picking. Simultaneously, chatbots expelled an obstruction for communication between online dealers and their clients. Chatbots have gotten one of the industry’s principal customer-facing APIs.

In 2020, you can hope to see a considerable lot of the above patterns keep on creating since they are still enormously valuable.

3. Customer-Facing Shipping Tracking API :

A Shipping API is a significant method to let a given audience in on a given procedure. For this situation, the client access is given to the shipping procedure to ease “when-do-I-get-it” tension.

The objective here is to make the client feel if they already have the product by letting them know precisely where it is at all times.

Shipping APIs : Shipping APIs enables your supply chain network to illuminate the client at the exact minute when their product is packed, labeled, and put on the truck for shipment. This may sound little, however to the purchaser; it discloses to them early that they won’t be left in dark during delivery.

Shipping Tracking APIs : Once your clients know the shipment is on route, they can enjoy the experience with your brand by checking its location/progress the nations over towards their doorstep. Shipment Tracking API gives your clients real-time data through your site, email, or instant messages.

4. Logistics Cyber Security Solutions with LogixERP :

How LogixERP helps? LogixERP’s cloud based operations makes it a solution which is one step ahead of its competitors. The solution completely runs on Amazon Web Services Cloud Platform which gives you the trust of your data security and the loyalty of a brand. With robust APIs LogixERP is easily integrated with all of your third-party logistics channel partners and software to enhance your and your customer’s experience to manage everything on a single dashboard.

With fully future and tech forward solutions LogixERP help you get a key performance edge over your competitors.

FASTAG IMPLEMENTATION

Fastag Implementation

FASTags are prepaid rechargeable tags for toll collection that allow automatic payment deduction from the FASTags, they are generally fixed on the windscreen of the vehicle. With the aid of a FASTag, you won’t need to stop your vehicle at toll plazas to pay the toll. When the vehicle crosses the toll plaza, the toll charges will get deducted from the bank account/prepaid wallet connected to the FASTag affixed on the vehicle’s windscreen.
An active FASTag works on Radio Frequency Identification (RFID) tech. Also, these FASTags don’t have any expiry date, that is, they can be utilized as long as they are readable at the toll plaza and are not altered.

1. What are the benefits of FASTag?

  • Ease of payment-There is no need to stop at toll plaza for any cash transaction.
  • No stoppage of vehicle implies lower wastage of fuel.
  • Ease of recharge, FASTag can be recharged online using internet banking, debit or credit cards.
  • SMS alerts.
  • Online Portal for users.
  • Cash back Incentives

2. The Impact of Integrating FASTag with E-Way Bills :

In a remarkable decision that will ideally change the logistics scenario in the nation, the Government declared the incorporation of FASTag and the GST e-way billing system. Which will require a joint exertion between Delhi-Mumbai Industrial Corridor Development Corporation’s Logistics Data Bank (LDB) services and National Highways Authority of India’s FASTag mechanism. In October 2019, a Memorandum of Understanding (MoU) was signed between the Indian Highways Management Company Ltd. (IHMCL) and Goods and Services Tax Network (GSTN) for assisting this procedure. This will help revenue authorities to track the movement of transport vehicles thus guaranteeing that they are making a trip to the same destination as indicated on the e-way bill. It is likewise being seen as an approach to control tax evasion the integration will help increase operational proficiency of supply chain management firms.

3. How does this impact supply chain management and GST?

Connecting the e-way bill with FASTag and LDB will improve operational efficiencies – it will be simpler to track the movement of goods by SMS alerts at each toll plaza.

This will guarantee a faster delivery and estimation along with vehicle movement towards their predefined destination. Furthermore, any exploitative merchant who exploits the loopholes in supply chain (mainly smuggled goods) will be not able do their operations. The move for incorporating FASTags with the e-way billing system comes after a decline in GST collections over the last few years.

Conclusion

The integration of FASTags with the e-way billing system could be a noteworthy achievement in India’s voyage toward turning into a globally approved business and logistics hub. Clubbing this integration with the increased use of automation in GST return filing and generation of e-way bills by organizations and India could in all likelihood be headed to turning into a digitally transformed nation. And with LogixERP’s customization and integrations, companies and easily manage their business operations easily on a single dashboard.

ALGORITHMIC ADVANCEMENTS & USE OF AI

Use of AI

Artificial Intelligence is now advancing our lives as consumers, presently it is picking up momentum in supply chain management and logistics. This post talks all about AI in logistics and supply chain has brought the things into picture.

1. AI in Supply Chain Management & Logistics :

In the most recent decade, AI in logistics has come roaring out of cutting-edge labs to become something that individuals use each day without realizing it.

In addition to powering various applications and other advanced items, AI stands to profit all enterprises, including supply chain and logistics.

State of Artificial Intelligence for Enterprises, Supply Chain and Operations is one of the top territories where organizations are driving businesses from AI speculation.With the volumes of information in supply chains and logistics developing each day, the requirement for more sophisticated processing solutions is getting progressively critical.

That is the reason numerous logistics organizations are adopting such AI computing techniques as machine learning and deep learning.

These methods make it simple to break down gigantic volumes of information in an effective style to give a sophisticated analysis, trigger a function or an event based on the results of the analysis, deliver requested data, and perform numerous other complex functions.

2. Fast-tracking the Use of AI in Logistics Supply Chain :

An increasing amount of data isn’t the only pattern adding to the advancement of AI technology in the supply chain. There is a wide variety of other significant variables driving the trend, algorithmic developments, and expanding AI system access to big data.

3. Big Data :

Supply chain and logistics companies produce and can use, a lot of data (big data), and AI requires significant volumes of it to show its full power. In the past several years, some new types of data have emerged, and in addition to an ever-increasing pace of data creation, they finally supply AI with enough juice to work to its fullest potential.

4. Algorithmic Advancements :

They have improved in recent years as well, allowing the detection of patterns and discovery of correlations that were difficult or impossible to find by humans or conventional technology alone. For example, smart algorithms can offer valuable information such as the number of trucks available for delivery ahead of time so customers can know the price and approximate time frames for future deliveries.

Together, these factors are driving progress in AI and making it an increasingly viable technology in many fields. But how exactly can the technology transform supply chain and logistics management?

5. Prepare for the AI Future :

The technology already plays a significant role in some of today’s advanced supply chain and logistics solutions, increasing effectiveness, efficiency, and automating many tasks for supply chain managers and planners as well as providing visibility across trading partners via AI assisted control towers.

With the recent technological breakthroughs in big data, algorithm developments and ever-increasing processing power, we are likely to see an explosion of AI technology driving more sophisticated solutions in the supply chain to speed and improve the delivery of products and services to customers.

Companies relying on manual methods and simple software solutions will not be able to keep pace with their more sophisticated competitors. AI could well be a deciding factor in many industries, determining supply chain superiority, driving customer service excellence and continually improving operational efficiency.

Logistics and supply chain managers should pay close attention as more AI-enhanced solutions emerge.

6. How LogixERP is helping organizations transform and automate their operations?

LogixGRID’s technical advancement in AI, Machine Learning and Big Data is impeccable and LogixERP is the proof with introduction of AI in TMS with Logix.Network, LogixERP is in the row to be backed up by AI which will fully automate the existing operations of organizations in a breeze. Vehicle Routing, Shipment Load, Delivery Scheduling and Pick-Ups, Automated Inventory Optimization which will advance the Warehousing Operations, Tracking and much more will be on the tips of companies.

Result? Increased Profits, Less Human Intervention and Errors, Complete Stats, Customized Reports, Effortless Billings & Invoicing and Enhanced Customer Experience.

AUTONOMOUS DELIVERY ROBOT

Automatic Delivery

The universe of delivery is changing, and with new advancements reforming the way that our products are delivered to us even more. There are countless organizations hoping to try out new technologies available to help streamline their delivery services much more. Here, we’re taking a glance at the future of door step delivery services to see where the future lies past standard delivery possibilities and package delivery. Without further a do, the following upcoming technologies are the ones that are set to revolutionize delivery business model –

1. DRONES :

Self- flying aircrafts, e.g. copters or vertically starting planes, transport packages (up to 15 kg) to their end point along the most direct route and at moderately high average speed. Like droids and AGVs, they too need to be overseen.

2. AUTONOMOUS GROUND VEHICLES (AGVs) with LOCKERS :

Self-governing delivery robots do door step delivery packages with no human involvement. Customers are informed of the precise arrival time. Upon arrival at their doorstep, customers are asked to get the package from the predetermined locker mounted on the van or truck – picture a portable parcel locker. In truth, such vehicles should be supervised. We assume that a central supervisor could manage roughly eight to ten AGVs.

3. LogixERP Support in helping business manage their SMART DELIVERY :

Whatever innovations happen in logistics space LogixGRID has always been a step ahead to introduce it to LogixERP. LogixERP is fully functional and capable of all the new innovations occurring in delivery and its processes.

Few Capabilities of LogixERP are listed below :

Variable Load Sharing : Advanced software includes constraints like delivery boy, vehicle models, capacity, operating hours, locations, etc. This ensures that resources are used optimally and logistics costs are reduced.

Intelligent Routing Plans : AI-backed routing plans factor real-time variables on-road such as roadblocks, traffic, etc. to give you dynamic delivery route optimization plans leading to efficiency and increased service-level agreements (SLAs).

Smart Parcel Sorting : Automated shipment sorting first converts the fuzzy addresses into their accurate geo-coordinates, and then groups them based on their geographic zones. This helps in higher first-time delivery rates for companies.

Instant Alerts and Live Tracking : Mitigation plan for any network disturbances or deviations in real-time, facility or customer notifications resulting in a delightful customer experience

Adherence to SLAs & Business Constraints : Servicing of critical time-bound deliveries (Scheduled & On-demand) with data-driven planning and execution, which allows companies to prioritize orders and minimize customer complaints.

SMART WAREHOUSE EMPOWERING TRANSPORTATION

Smart Warehouse Empowering

While artificial intelligence (AI) and machine learning have gotten a lot of the spotlight recently, there is a third segment that is ending up progressively common in warehouses and manufacturing plants around the world, robots and process automation which is called Smart Warehouse.

Despite the fact that this is not really new, the potential when paired with the previous two elements and enterprise resource planning (ERP) solutions is significant to enhance any warehouse and transport business.

Given how technology is evolving, the present robots are fundamentally more savvy than their predecessors. Even though cynics argue that this could negatively impact jobs, the reverse is true, Truly, the capacities of robots in warehouses can easily reduce a great part of the human labor component, however it likewise furnishes manufacturers with the platform to up-skill their workforce and should also be on the lookout for temporary storage opportunities and third-party logistics (3PL) providers in case of temporary stock overflow.

1. Smart Warehouse – New Age Trend :

In manual warehouses, we usually saw workers moving around with lists, picking products, loading them into carts and then delivering them to the shipping docks, but in smart warehousing, “Orders are received automatically, after which the system confirms if the products are in stock. The pick-up lists are then sent to robot-carts that place the ordered products into containers and deliver them to workers for the next step.

Machine-learning and AI greatly enhanced automation and provide the ability to respond, be more agile to market demands, and connect more easily to the Internet of Things (IoT) ecosystem.

And while robots positively bring value for accountability, they must link to all facets of the digital and real-world environments. This is where ERP turns out to be progressively fundamental in modern shop floor or manufacturing environment.

Without being able to deal with these components, link to the available data, and comprehend where efficiency gains are to be had, organizations can traction to their rivals. ERP is an enabler agent that brings more unique integration from the logistics operations and more effectively gives vital accountability (and visibility) for digitally-led businesses.

These proficiency enhancements can likewise be felt in evolving into a progressively productive organisation. Because of IoT and the connectivity of manufacturing units, employees, business partners, and suppliers can have real-time access to the logistics operations through any device. This empowers them to approach stock levels, monitor deliveries, and other important components like profitability, cash, etc. legitimately from within the ERP system on their device.

2. Driving profits :

This increased visibility of real-time data guarantees a business can better manage operations across business units or locations, prompting improved profitability. Take the role of robots, machine-learning, and AI as an example. By freeing up employees from tasks, companies can up skill them to deliver more strategic value to the organisation.

In a digital environment, automation takes many forms. In this way, a robust ERP system is expected to guarantee that the organization can more effectively accommodate the myriad of open designs and solutions out there driving machine learning, AI, and so forth. In numerous regards, this includes a level of future-proofing to a digital organisation as it is more effectively able to adapt to any new innovations.

  • Smart warehouses improve labor efficiency.
  • Smart warehouses enable faster turnaround times.
  • Smart warehouses increase warehouse transparency.
  • Smart warehouses improve process scalability.
  • Smart warehouses increase your adaptability.

3. How LogixERP fits into modern day ERP?

LogixERP is a cloud-based ERP software which is a modern age ERP system that manages your logistics, warehousing and transportation operations without hassle. LogixERP is fully customized according to the organization’s needs and supports external hardware as well. Shipment tracking, POD scanning, Uploading, Accounting all can be done on a single platform. LogixERP also supports mobility solutions with which the organizations and their employees can handle the key operations from the mobile application. LogixERP is being widely used across the globe and is trusted by reputed organizations in more than 10+ countries.

Are you looking for the best eCommerce Logistics Platform to manage the logistics operations of your eCommerce/Shopify store?

eComGlobus is an All-in-One eCommerce logistics platform that offers advanced eCommerce logistics features which will support you to manage your warehouse operations, fulfillment, procurements, last-mile delivery, return and refund management.

OMAN LOGISTICS INDUSTRY’S TRENDS

OMAN Logistics Industry Trends

The logistics industry in the Sultanate of Oman is experiencing a change to conquer infrastructure bottleneck, lack of investment in port handling capacity, and poor land transport network with other GCC nations. The Logistics segment is one of the main non-oil economic sectors and contributed real stake in the nation’s GDP, the government is hence enthused about promoting Oman as a main logistics center in the region.

The key drivers for logistics industry in Oman’s economic development are the infrastructure investments related with national logistics development plans, economic diversification efforts, and trade with the GCC, Asia and Sub-Saharan African nations.

As a member of the Gulf Cooperation Council (GCC), Oman is probably going to benefit by trade policies and customs regulations and integration of national transport infrastructure with territorial transportation corridors in the GCC. The Oman Logistics Plan and the Oman Logistics Strategy (SOLS) plan to improve the nation’s soft infrastructure, especially the regulatory environment, support mechanisms, and organizations. Oman’s strategic centralized location in the Arabian Gulf makes it perfect for conversion into a noteworthy transshipment hub for the East-West exchange route.

1. Some of the key trends identified in the Oman logistics industry are :

Initiated by the Supreme Council of Planning (SCP), the task force has developed the Sultanate of Oman Logistics Strategy.

Investments on infrastructure and latest technology for upgrading ports, airport facilities, new road links, supported by increased Government spending.

High priority is given for the development of national rail network to connect with the GCC rail network to improve efficiency and reduce logistics costs.

Trade with the GCC, Asia, and Europe is likely to remain the major driver for freight forwarding and transportation companies in the region.

Main exports continue to be mineral fuels, oils distillation by-products, while imports comprise manufacturing goods and agriculture products.

Among all cargo activities in Oman, ocean transport is the dominating mode, accounting of cargo in Oman dealt with by Sohar and Salalah Ports. As a feature of the government’s plan, Port Sohar has been reserved to deal with ocean freight as an alternative to Muscat.

The road freight in Oman is driven by domestic financial activities to meet local demand and land-based trade with other GCC nations. New route between Oman and the KSA gives a more direct route between the two nations as well as reduced the number of border crossings, while expanding road transport efficiencies. As international trade gains momentum force with the development of freight taking care of limits in major airports.

2. Oman’s Logistics Transformation :

Oman’s Logistics Industry can possibly be one among the key Logistics Centres in the region. The accentuation on domestic output is creating scope for substantial cargo volume growth to and from Oman. This can trigger improved connectivity and networking, which would then prompt be changing the logistics industry to support trade for other countries as well.

Nonetheless, this development could be challenged by surging competition from the UAE and the KSA, alongside different nations with comparable portfolios and venture scenarios for the logistics industry. The inefficient logistics infrastructure (particularly, in the sub-urban regions) increasing the potential expenses and time effectiveness of the logistics operations, and lack of skilled labour relating to logistics services to help the growing requirements of the market, are also significant challenges.

LogixGRID’s trusted solution LogixERP has marked its presence in the Middle East and more than 10+ countries. LogixERP is capable of managing all the logistics operations and gives more output and increases the productivity that can make logistics companies and business grow to next level. It is cloud based which makes it more advanced which the growing logistics of Oman needs right now. LogixERP offers complete tracking of the shipments, Cross border logistics operations which includes 3PL Integrations, Duty & Taxes, Custom Clearance, freight forwarding, accounts & billing as per respective country, Supports Multi currency and multi-language making it easy to operate and much more.