INTRO AND RECENT SCENARIO 3 ARTICLE

Logistics are considered as the principal strength of the economy, that provides the efficiency and cost-effectiveness in the flow of goods to fulfill the demand of other commercial sectors. The industry of logistics is growing at fast pace in India; it acts as the interplay of technology, infrastructure and other new service providers which demonstrates that logistics sector is capable of providing the reduced cost to its customers along with adequate services.

Regardless of the weak economic tendency, this industry is witnessing humungous growth due to the development in the retail, manufacturing and e-commerce sectors. The global logistics industry was anticipated to grow by 10-15% from 2013 to 2014, and now it is expected to cross USD 2 billion by 2019. The growth of e-commerce logistics and an elevated rate of domestic consumption will guide the functioning way for the industry in the upcoming years. The service-oriented logistics industry is also showing promising improvements and seems to expand its growth in the future.

Recent Scenario

The present Indian logistics sector consists of outbound and inbound fragments of supply chain service and manufacturing. In recent years, the infrastructure of the logistics field has magnetized the attention of business sector and policymakers. The inefficient logistics infrastructure has a repercussion of forming a bottleneck in the progress of the economy. The systematic plan of logistics management enhances the capability of surmounting the drawbacks of infrastructure in a very short run while promoting the competitive edges in the long term. There are various golden opportunities and challenges for the logistics industry in the Indian economy sector.

Comments

PRE SEA TRAINING

PRE SEA TRAINING Pre Sea training is the short term course for the candidates who want to join merchant navy specifically on the deck side. It helps in preparation for being fit and knowledgeable before going for a job role in merchant navy. Pre Sea is basically Diploma in Nautical Science (DNS) which is a one year course during whit cadet gets to learn about navigation, Seaman Ship, Rule of the road, cargo loading and unloading, Ropeworks such as knots and splicing, electronic equipment, etc. They also get taught for watch keeping, parts of the Ship, Ship Construction, marine meteorology and safety tactics. If a candidate is pursuing DNS, then he/she will not get a technical degree. However, after completion of diploma course, the cadet will serve 18 months of sea time to get a B.Sc. degree. Pre-sea training makes versatile merchant navy professions by covering all the aspects and technicalities of ship management for their skill development. The eligibility for ...

ROLE OF SHIP MANAGEMENT IN BUSINESS

ROLE OF SHIP MANAGEMENT IN BUSINESS Shipping Management for Business Purpose of Shipping Companies Shipping companies cannot sustain without proper management. Presently, these firms are facing various challenges while spreading business in the global market. Today, effective management proves to be the key to success for such companies. Ship management plays a significant role in the business activities of shipping companies and involves leadership, staffing and controlling. It is a particular type of management because its execution takes place under special conditions of the ship. Today’s world of IT, globalization and demanding environment bring new challenges daily for managers and management process. The term modern management of ships focuses on the importance of ‘soft variables’ such as human resource, ability, regulation styles, etc. However, earlier management was characterized by ‘hard variables’ like structures, strategies, sizes, planning, control, technologi...

THE BEST PRATICAL MARINE TRAINING GUIDELINES

THE BEST PRATICAL MARINE TRAINING GUIDELINES The Best 3 and Most Practical Marine Training Guidelines When it comes to training a newly recruited marine cadet to make him or her seaworthy, the guidelines or tips that are easy to follow are the ones that come most handy. I’ve lined up a few versatile tips that’ll go a long way in enabling you to alleviate the lurking apprehension that you may not be able to complete the training successfully. Mental Toughness Matters Hugely Mental toughness or strength is a virtue that you’ll need to imbibe and cultivate not just to clear your nautical boot camp training but for the rest of your life as well. However, right now, you’ll need to focus primarily on how to successfully complete your marine training. Try to think positively and weed out all thoughts bordering on rejection (in case you come a cropper). You’ll be feeling less stressed by trying to imagine a typical training day-just visualize yourself pulling out of bed at 4 a...

Ship Management Company

Search This Blog