1. What does today look like for the Logistics Sector with Ease One Pay?
Logistics is the management of the flow of goods from origin to destination to meet customer requirements. It is the last touch point before the goods reach its customers. This is a synchronistic process of various levels of action to provide delivery of the right material at the right time at the right place keeping it cost-effective.
The Indian logistics sector is valued at USD$ 150 billion, contributing 14.4 % of the country’s GDP. With the easing of FDI norms, the proposed implementation of GST, increasing globalization, growth of e-commerce, positive changes in the regulatory policies, and government initiatives such as “Sagarmala”, and “Make in India”, the sector is expected to touch $200 billion by 2020. In the World Bank’s Logistics performance ranking 2016, India’s ranks have improved from 54 in 2014 to 35 in 2016, jumping 19 places.