Retail, as we grown to recognize it, might not exist in the near future. This isn’t another retail doom warning. On the contrary, it’s about how the retail and e-commerce space is fast evolving. These players must give convenience wrapped in a neat delivery experience.
Companies can compete by making a better product. But it’s no longer enough. The company also must create a great delivery experience for the customer. Proper logistics movement optimization is key, not just to ensure quick and on-time deliveries, but also to boost customer satisfaction and retention.
Ever wondered how some of these big-name e-commerce companies across the globe manage international sales events? It is only possible with tech creating shorter delivery routes and more successful (on-time) deliveries per day. This tech is the crux of what makes same-day delivery, not just a phenomenon but a reality.
Tech adoption and change management go hand in hand. You may invest billions in the latest tech, but if your people aren’t using it properly and getting the most benefit out of it, you would never see the full extent of benefits. How to avoid this? Train your folks in the best way of doing things.
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.