Strategies? Press release from Business Wire India
Source: Frost & Sullivan
Wednesday, May 12, 2010 12:16 PM IST (06:46 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Agriculture, Retailers
Frost & Sullivan to Host an Exclusive Strategy Workshop for the Logistics Sector - 'Future Supply Chain Strategies'
On 14th-16th July 2010, at the Golden Palms Hotel & Spa, Bengaluru, India
Mumbai, Maharashtra, India, Wednesday, May 12, 2010 -- (Business Wire India) -- India's ascending fortune in the manufacturing sector over the last few years has opened several opportunities for the logistics market. The fast-paced growth of the industrial sector, coupled with the more sturdy progress of the agricultural sector, has necessitated extensive supply chains across the country to facilitate sourcing and distribution of production.
Frost & Sullivan finds that the total logistics market in India earned revenues of $75.19 billion in 2009, representing about 6.2 percent of the country's GDP. The market is expected to reach $120.42 billion by 2014, witnessing a CAGR of 9.9 percent between 2009 and 2014. The transportation segment accounts for about 62.0 percent of the total market reiterating the fact that it is the most important logistics function for all industries. Further, the agricultural sector accounts for a little more than half of the total logistics market in India, owing to the extensive storage and transportation activities associated with agro products within the country.
However, Indian logistics service providers (LSPs) fail to satisfactorily meet end-user expectations with regard to key performance criteria such as attitude of staff, process improvement capabilities, and material safety. The performance benchmark of Indian LSPs, which is based on the ratings provided by leading end users from eight key industry sectors in the country, revealed that LSPs performed well above user expectations with regard to a few key parameters such as fleet size, vehicle quality, number of warehouses, and warehouse size. With regard to aspects such as value addition, consignment tracking facility, and cost saving initiatives, LSP performance came close to end-user expectations. The inability of LSPs to keep pace with the evolving volume of end users and the lack of multimodal transpiration capabilities are the other impediments that the end users are facing.
Future Supply Chain Strategies
Keeping in mind the challenges faced by the LSPs and end users, Frost & Sullivan's Transportation and Logistics Practice is organizing an exclusive strategy
The workshop intends to assemble a network of today's best thinkers, visionaries, and thought leaders from across key industry sectors such as Automotive, IT Hardware and Telecom Equipment, Retail, and Pharmaceuticals in India, for the specific purpose of developing future supply chain strategies. In this endeavour, Frost & Sullivan will facilitate the ideation and evaluation among the participants of the best possible methods and practices through workshops, breakout sessions, and panel discussions to develop practical, feasible, and sustainable supply chain models essential for organizations
Eminent speakers and panelists will discuss and explore topics providing insights into the current status of the logistics industry, structural and regulatory developments, capabilities, and bottle necks. Expert groups will work to create an ideal future supply chain model and discuss strategies for their assigned industries. The speakers include Mr. Rajnish Kumar Goel, Head, Global Manufacturing and Supply, Novartis India Limited; Mr. Ramesh Doraiswami, Vice President-Supply Chain and Business Knowledge Center, Johnson & Johnson Medical Asia Pacific; Mr. Rajesh Padnekar, Head of Distribution, Pfizer India; Mr. Amit Mukherjee, Head of Supply Chain and Group CIO, Spencer's Retail - RPG Group; Mr. Chintaman Sahasra Buddhey, Head of Logistics, Woolworths Infiniti Retail India; Mr. Srinivas Rao, Head of Logistics, Nilgiris Retail; Mr. KK Kaul, Head of Supply Chain Management, LG Electronics India; Mr. Kalpesh Pathak, Asst. Vice President - Corporate Supply Chain Management, Fiat India; Mr. Saurabh Khandelwal, Regional Logistics Manager - Asia Pacific, Delphi Automotive.
TNT India Pvt. Ltd is partnering the event as Platinum sponsor. Outlook Business is the National Magazine Partner and Cargo Trends, CIOL, Express Pharma, Industry2.0, ITLN, Log.india, Logistic2.0, Smart Logistic, The Pharma Review, and TransREporter are the media partners.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices across six continents. To join our Growth Partnership, please visit http://www.frost.com.
Srinath Manda, Industry Analyst, Transportation & Logistics Practice, Frost & Sullivan, +91 (44) 42044500 Extn-491/ +91 9884872788, email@example.com
Ravinder Kaur, Corporate Communications - South Asia, Frost & Sullivan, +91 (44) 42044760/ +91 9940141714, firstname.lastname@example.org
Amrita Nandi, Corporate Communications, Frost & Sullivan, +91 (33) 40099337+91 9903433364, email@example.com
CONSUMER, CONSULTANCY SERVICES, AGRICULTURE, RETAIL
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