With the advent of GST, eCommerce and dynamic Export/ Import policies, new doors have opened for Logistics Industry in India. The Logistics Industry includes activities like storage, freight management, supply chain management, managing vendors and partners, transportation, handling damage claims and much more on a national and global scale.
Lately, many new entrants have entered the market and recent development in other industries have also accelerated the growth in the Logistics Industry. A lot of opportunities and risk lies with the changing industrial scenario of India. New technology, new market entrants, new customer expectations, and new business models are key factors which are driving the industry.
US$ 5 Trillion economy dream of Government, liberal policies of setting up more Inland Container Terminals, Container Freight Stations and Air Freight Stations all aid exponential growth of logistics sector. Growth of Export/ Import also means growth of logistics. Either it be Just-in-Time manufacturing policy of industries, burgeoning eCommerce business, upcoming new chains of stores in the Country or International Brands venturing selling their products to consumers through C&F/ Distributor channels, trans-shipment within the Country or at global scale, all have indispensible requirement of logistics professionals to run their operations.
A world of opportunities– The Indian logistics industry is expected to grow by 9-10% annually (Source: ICRA) and is expected to become a $307 billion industry by the year 2020 (Source: ASSOCHAM). With fresh funds being invested in the industry and innumerable new projects being undertaken, the employment and growth opportunities in logistics shall be seen swelling massively.
Dynamic career: Be it any organization, any size or industry type, some sort of logistic support is a must. Thus, you as a logistician shall be in equal demand in a small start-up or a multinational giant in spheres like manufacturing, pharmaceutical, education, transportation, FMCG and many more. Similarly, various functions such as customer service, purchase, operations, dispatch, inventory control and management, etc. are integrated under the logistics umbrella. This makes sure that you have enough scope to switch, learn and never get bored repeating the same job again.
Zero global boundaries – Logistics, as a career, diminishes geographical boundaries by connecting you with international peers and clients. It provides a great opportunity to gain experience in international business and hone your skills. Also, don’t be surprised if you soon land into an international career opportunity which is extremely rewarding.
Highly paid jobs– Average salary for a logistics manager in India is Rs. 5.5 lacs p.a and can go much beyond 2 million with experience and expertise. Therefore along with being an interesting career option, logistics industry is also great for one’s pocket.
Want to start a career in logistics? Our panel of experts can help you to choose the best course that can take help you chase your dreams.
A career in logistics as many might suggest can be extremely rewarding and fulfilling at once. To know that you play an integral part in the product’s life cycle, right after it is manufactured till it is allocated, distributed and finally delivered to the end consumers, can be quite satisfying. Plus a career as a logistician comes wrapped in high pay packages and the opportunity to travel abroad.
Under present competitive job market, it is necessary for aspiring students from younger generation to explore varying career choices to get well paid and for stable lifetime careers.
Article by India Today Magazine on Indian Logistics Scenario: Click Here