The 3rd edition of the Global Logistics Show offered an unparalleled platform for supply chain and logistics professionals to discuss the most trending industry topics. Technology facilitating logistics business efficiency has become one of the main highlights on the agenda.
Though the Indian logistics market is expected to grow at a CAGR of 12.17% by 2020, with the 3PL logistics segment forecast to reach US$ 301.89 billion by the end of the same year, there is still much to be done in terms of logistics business efficiency.
According to Omnicomm’s CEO Boris Pankov, technology is a powerful optimization enabler: compact yet feature-rich navigation devices, robust routing algorithms and accurate, reliable sensors that measure everything from fuel, load, freezer temperatures to various engine parameters allow logistics businesses to fully embrace the concept of smart fleet management.
IoT transformation and new business models driven by IoT sensors & computing platforms were discussed by the experts from Omnicomm, Future Supply Chain, Mahindra Logistics, Blackbuck, DARCL, KPIT, Stellar and Alvarez&Marsal at the executive CXO panel during the Show.
Omnicomm contribution to the digital transformation of the Indian logistics market was recognized during the event by the Global Logistics Excellence Award held in association with CNBC in the category best IoT solution of the year.