3PL Logistics in India – How to Make the Right Choice
The demand for 3PL logistics in India has been steadily increasing over the last few years. With a number of logistics solutions providers in the market, it’s not hard to understand why companies need these services. Not only do these services help companies save money on operations, but they also keep up with new technologies and optimize their services. What’s more, they free up key employees to focus on other tasks, such as implementing new products.
As a result, 3PL logistics companies are able to reduce their overheads while enabling faster delivery. Moreover, they also provide value-added services such as customized warehouses and door deliveries. With these advantages, you can expect a faster ROI on your inventory management and business processes. But how do you choose the best 3PL? To make the right choice, you must consider the following factors. If you want to get the best results from your 3PL logistics company, you must invest in its infrastructure and technological capabilities.
If you want to maximize your ROI, you should consider hiring a 3PL company that scales up and down as per market demand. You’ll want to find a provider that can scale up and down according to your needs. This means you should take into consideration future changes in your business, as well as the availability of manpower and storage space. A 3PL provider should also be able to perform well when demand surges and fluctuates.
The logistics industry in India is characterized by relatively high transport and storage costs. Additionally, a lack of efficient multimodal transport systems is a significant hindrance. Furthermore, the country does not have a toll on roads. These factors are largely responsible for the high transportation and storage costs. By outsourcing these functions, you’ll be able to take advantage of these advantages and minimize your business expenses. A third-party logistics provider can also improve the efficiency of your supply chain.
In India, 3PL providers can also handle returns. Reverse logistics involves sending an item back to a warehouse. The return shipping team will also provide a print label for the return shipment. As a result, the process is simple and efficient. The 3PL market in India is growing, and the government’s efforts to improve the logistics sector have been significant. However, the three-point-of-contact model in the country can be a barrier to entry for new entrants.
While a 3PL service provider should offer more than one service, it is important to choose the right one. The right provider will provide the services required by the business. For example, Futurz is a 3PL provider that can handle the distribution of products to the consumer. This way, a business can save money on both transportation and warehouse costs. With a skilled third-party logistics partner, a business can effectively compete with Amazon.
A 3PL provider can help a business grow and expand. They will also be able to identify areas for improvement and growth. As a result, the business can focus on its core competencies and leave the logistics management to a professional. A 3PL service provider will be able to take on many of the routine management tasks for the company, which will ultimately improve customer satisfaction. And, the 3PL provider will provide the necessary infrastructure to facilitate business growth and expansion.
The growth of the third-party logistics industry in India is fueled by investments in new 3PL startups. This report also includes a detailed analysis of the leading vendors in the third-party logistics market in India. Some of these vendors include Aegis Logistics Ltd., Allcargo Logistics Ltd., Safexpress Pvt., Mahindra Logistics Ltd., TVS Supply Chain Solutions, and others. In addition to these, the report contains detailed information on the latest trends and strategies in the market.
Sattva Logistics Group, the pioneer in 3PL logistics in India, recently opened its 7th Inland Container Depot (ICD) and Public Bonded Warehouse (PBW) in Bengaluru, India. Mr. Srinivas, IRS, Chief Commissioner of Customs, Bengaluru Zone, and Mr. Ashok, IRS, Principal Commissioner of Customs and Airport, respectively, inaugurated the ICD and PGW.