Industries nowadays are pacing at a par speed where everything should be well managed with no scope of mistakes, as even a small mistake can lead to lose their place in the market. Industrialists are now adopting new solutions, thanks to technology which helps them to stay up-to-date in a constantly shifting and evolving industry competing to grow larger than themselves and others.
Development demands rapid urbanization and this swift growth comes with many hurdles. Indian IT companies are not unscathed with the challenges that urban rapid growth brings and they need to constantly align themselves with innovate and out-of-box solutions. Machines, equipment, and infrastructure can be constructed, procured or leased for business but, it is the employees that drive the growth of your business and are key to its sustenance. Therefore, safety of employees especially female employees is one of the major concerns, now-a-days. One more day to day struggle that employees go through on daily basis is the time that gets wasted while waiting for buses, metros or cabs for commuting to offices and homes. And so many companies have come up with Employee Transportation Department. But in this case also there are instances that add up to inconvenient exchange of words and situations among employees, transport providers, transport managers, and HR & Administration Department.
India’s logistics sector contributes 13% to the country’s GDP, but this sector is still underdeveloped, segmented, and is highly inefficient.
Logistics is a complex activity involving planning, execution, and control of the movement/ placement of goods and/ or people, and the related supporting activities, all within a system designed to achieve specific objectives.
Technology has brought a significant change in the operations of cargo tracking. Cargo-owners and Managers can know the exact location of the cargo in transit with the help of technology.
The traditional supply-chain visibility concept is milestone-based, data about the status of the cargo is only recorded when cargo reaches certain checkpoints. In-between the checkpoints the operators lack the visibility to know the current location of the cargo, whether cargo is providing the right service level, and where are the difficulties and inefficiencies in the supply-chain.
Cash-in-Transit segment dominates the overall cash-logistics market. Cash/valuables-in-transit (CVIT) generally refers to the physical transfer of banknotes, coins, credit cards and items of value from one location to another. These locations may include cash-centres and bank branches, ATM points, large retailers, and other premises holding large amounts of cash such as ticket-vending machines and automated parking locations.
India is witnessing winds of change across industries and sectors. Tech evolution is working its magic and paving way for a promising business environment. Industries can thus look forward to a prospective future. One such sector that is making merry at the backdrop of technology boom is the Radio Taxi market. This industry segment has witnessed a significantly massive year-on-year growth since the year 2009. Market players like Ola, Taxi For Sure, Uber, Meru Cabs, Carzonrent etc have taken the game to another level by throwing a nail biting competition at traditional black-and-yellow taxi service operators. Customers too are overwhelmed by the service offered by tech savvy Radio Taxis with air conditioners, 24×7 customer support, GPS, electronic meters and other in-cab services.
Logistics is an important part of supply chain management. India, as a country with a prospective market penetration offers a wide scope for growth to companies operating in this domain. Over the years, the definition of business in this segment has changed tremendously and positively!
However, there are a few things that businesses need to keep on mind if they have to flourish and prosper. Read the following tips to enhance your business prospects and everlasting growth:
Self drive car rental service is a flourishing business in the service industry today. The idea behind this service is to offer cars-for-hire to people on a temporary basis for a short period of time ranging from a few hours to few weeks. The target group for this service are predominantly travellers, visitors on a trip in a new city and the ones whose vehicles are damaged for use (at least for now). This concept is very popular in the West and India is fast catching up to its western counterparts thanks to the ever evolving, fast paced technology. Tech innovations push this industry on the platforms of magnificence and scope to enhance customer services with better safety, security and processes. Dynamic nature of technology is giving this business that much required safety and trust with the commuters to lend their vehicles without any physical companion. A reason why several car rental companies are mushrooming up this quickly!
Android apps in taxi and cab management solutions primarily used by daily cab service provider is an intuitive communication alternative that not just provide convenience for the Driver, fleet operator and remotely sitting feel manager to communicate with Central operation center to retrieve booking and information but also streamlines the overall fleet management operations to enhance performance and increase ROI.
Mumbai, the financial capital of the India and magnet for people around the world to visit or earn their lively hood, makes it one of the most congested and heavily populated cities in the world. People from all zones of Mumbai including those who live in the periphery of Mumbai city are largely dependent on Public Transportation. Lot of people are dependent on ubiquitous black and yellow Taxi/Auto Services, Rental Cars, and BEST Public Transpiration and Dial a Cab service provider.