The World Bank has said logistical costs swallow up around a quarter of Indonesia’s gross domestic product, citing bottlenecks in supply chains, long dwelling times in ports and lengthy trade clearances. Indonesia’s e-commerce sales are set to rise from 3 percent of retail activity now to 19 percent by 2027, Morgan Stanley estimates.
People have talked about the Internet of Things (IoT) in diverse terms, but what is it? IoT is the interaction and exchange of data amongst various connected devices and entities over the Internet, which then function towards singular goals. It’s like having a virtual connected universe, where you customize almost all your electronic interactions.
Paytm backed LogiNext to replicate Alibaba’s strategy in logistics movement and field workforce optimization across India and Southeast Asia. Jack Ma’s processes coupled with LogiNext’s machine learning algorithms can make logistics management and last mile delivery optimization easy and trackable for all enterprises.
This is how Myntra used LogiNext’s cloud-based last mile delivery optimization solutions to make their e-commerce deliveries simpler, faster, and more accurate. Now Myntra can plan, allocate, direct, and track all their deliveries simply using LogiNext Mile. This is how Myntra, one of the top e-commerce companies in India, manages its logistics.
According to NOVONOUS, “Indian logistic industry presently is of whooping $300 billion” and “will grow at 1.5–2 times the GDP” suggests Empirical Evidence. The influx of startups like mushroom surfacing the e-commerce array has added to the accelerated growth.