The 2nd Annual Supply Chain and Logistics Conclave will provide a rich content platform for all stakeholders in India's supply chain and logistics ecosystem. Leaders from various industries will convene to discuss best practises for creating a sustainable supply chain, increasing visibility across the supply chain, demand planning strategies, cold chain challenges, and warehouse management. This year's event will also highlight use cases on how to navigate supply chain disruptions, as well as how India Inc. is implementing process automation, advanced technologies, and decision-making analytics at various stages of supply chain and logistics. The global disruption caused by the pandemic, geopolitical tensions, and economic downturn has had a significant impact on businesses around the world. Global supply chain bottlenecks and trade or logistical disruptions would be the top risks to India's business growth in 2023.
India currently has the world's fifth-largest economy and is heavily reliant on the efficient operation of its supply chain and logistics sectors. This industry has aided the growth of many industries, including agriculture, manufacturing, retail, and e-commerce. Companies must re-evaluate their supply chains and look for ways to make them more resilient if India is to become a global manufacturing hub. With the launch of the National Logistics Policy in 2022, the country aims to reduce the logistics cost for improving the competitiveness of Indian goods both in domestic as well as export markets. In addition, the Government also launched Prime Minister’s Gati Shakti Mission in 2021 which focussed on multi-modal transport network to provide integrated and seamless connectivity for movement of people, goods, and services from one mode of transport to another. These policies will help facilitate the last mile connectivity of infrastructure and aid in creating a robust supply chain and logistics ecosystem thereby making India become more competitive in the global market. The future of Indian supply chain and logistics is dependent on how well the government implements these initiatives. With improved infrastructure, technological solutions, and efficient processes, India can become a global business leader.