In the year 2017, India jumped up to 30 notches to reach the top 100 rankings on the World Bank’s ‘ease of doing business’ index. The performance of logistics in the country has also got better, reaching 35th from 54th rank under World Bank’s Logistics Performance Index (LPI). The government in India is also anticipating phenomenal growth in the logistics sector of the country reaching the mark of 360 billion dollars by the end of the year 2032.
Logistics: India’s most important sector in terms of economic growth
Having progressed well in the past 10 years with the best techno-rich logistics tracking India solutions, the Indian logistics sector is regarded as the most attractive sector in the world paving the way for the growth of the country’s economy. Container tracking as one of the most significant aspects associated with the logistics industry has witnessed a sea change in the past few years, especially after the launch of high-speed internet services across the country. Tracking solutions have not only brought improvement in service to deliver but also increased the overall customer satisfaction levels.
Logistics tracking solutions: the role is bigger and broader
Popularly known as container tracking systems, the role of logistics tracking India solutions cannot be confined only to the tracking and tracing of containers. Modern container tracking solutions are playing a significant role in every aspect of logistics operations. The importance of container tracking solutions carried out through the use of the best container tracking app can be better understood by the following pointers:
- Logistics tracking India solutions help in addressing higher logistics costs to GDP ratio in required visibility by inculcating competition
- Have proven to be a great boost to the ‘Ease of Doing Business’ initiative as it aims at increasing India’s foreign trade and ensuring greater transparency
- With an effective and efficient system in place, shippers can have a drastic reduction in lead time as well as transaction cost resulting from predictability and optimization
- The logistics tracking India solutions have also promoted rail transport playing a great role in improving the environmental condition of the country
- Container tracking solutions are assisting in reducing logistics cost by providing end-to-end visibility across networks and better handshaking with stakeholders
- The detailed analytics reports that these systems generate not only help shippers to access real-time container movement but also play a very crucial role in imbibing a growth spiral
- All shippers using a container tracking system or the best container tracking app can have performance benchmarking reports to analyze the dwell time of ports and CFSs and ICDs.
Concluding Remarks
NICDC Logistics Data Services (NLDS), formerly DMICDC Logistics Data Services (DLDS) deployment of Logistics Databank System (LDB) is a game-changing logistics tracking India solution that uses IoT (RFID technology), Big Data, and Cloud-based solution. LDB has helped in bridging the gap between the various stakeholders in the supply chain by providing a common platform to the shippers’ needs. Recently, the promoters behind LDB have revamped their mobile application which is today known as the best container tracking app in the country.