How 5G, IOT And AI Can Contribute Towards Optimizing the EV-logistics Sector in India

The Indian logistics industry has traditionally been a fragmented one with a lot of inefficiencies. The cost of logistics in India today amounts to approximately 15 per cent of the nation's GDP, as compared with developed countries where it's around 7-8 per cent of their respective GDPs. This is certainly a significant drain on the economy and negatively impacts sectors such as agriculture and manufacturing, as most Indian companies have had limited visibility into their respective supply chains. However, since 2015, we have noticed a paradigm shift in the government's policies and approach towards this sector, which is enabling seamless integration of operations to make it more organized. Beyond the policy push, today new-age technology is playing a huge role in redefining and revolutionizing various industries in our country, and the logistics industry is no exception.