The Malaysia logistics industry is set to witness CAGR of considerable rate, during 2020-2024. Coronavirus can influence the worldwide economy by influencing production and demand, by making supply chain and market disruption, and by its monetary effect on firms and financial sectors.
Budget 2020 India: It’s Impact on transportation & logistics
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.
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 & Supply chain Evolution happened over a decade.
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.