The robust trade, economic growth, and liberalization policies followed by many Asian countries have resulted in increased trade volumes. The ensuing increase in transportation, handling, and warehousing needs has led to a demand for integrated logistics solutions in the region. Increased globalization in manufacturing and other technological advancements has made companies focus more on core activities, and thus logistics activities have been outsourced as a cost-effective solution.
In the case of India, the growing economy now requires a boost in its logistics services to keep the goods flowing at an increasing rate. The logistics field is now estimated at a value of more than $US14 billion, with further growth envisioned. Logistics-related services in India encompass transportation of goods by air, land, waterway, and railway.
Air freight ensures rapid, safe, and even same-day delivery of goods and is hence much preferred. India, which boasts an extensive network of roads, prefers to use them to transport household goods, machinery, and vehicles. Another cost-effective and older mode of logistics is via the railway transport system, which carries vehicles, oil, and coal from one end of the country to the other in huge volumes. Shipment of goods on waterways is especially useful in international shipments of huge quantities of goods like grains, oil, or sensitive articles like uranium.
The logistics industry in India has grown fast, overriding major sectors like metals and mining. Strategically located cities like Mumbai were earmarked for setting up logistics parks with investments to the tune of US$200 million. Export processing zones housing several companies ranging from garment to electronics have necessitated the need for a good logistics backbone to support the domestic market as well as international trade.
The Indian logistics industry is poised to grow annually at the rate of 15-20 percent, reaching a revenue outcome of US$385 billion by 2015. The market share of the organized sector in logistics will also grow to 12 percent by 2015, opine market analysts.
Data reveals that nearly 110 logistics parks covering 3,500 acres, set up at a cost of US$1 billion, will become operational by 2012. This will include huge warehousing facilities developed by logistics companies at an expense of US$500 million.
China and Taiwan have been cooperating in efforts to improve logistics techniques. Since the advent of online shopping in China, the importance of delivery firms have grown manyfold. Taiwan's logistics centers are assisting Chinese logistics service providers nowadays. The huge potential of China's logistics scenario can be proved by the overall turnover in 2010, which was estimated at 110 trillion Chinese Yuan (US$16.6 trillion). This represents a huge business opportunity for logistics-related companies. The expected increase in China's GDP will give a further boost to this industry.
The logistics costs in China are high, yet they can easily be lowered. One hurdle China faces in this industry is that there is no unified business tax system. Currently, a three percent business tax is levied on transportation, loading and unloading, along with another five percent levy on warehousing and distribution and other taxes.
In spite of the growing economy in China, the logistics industry can be said to be continuing to suffer, but all city governments understand the importance of logistics centers for rapid urban development. Taiwanese logistics companies are preferred by Chinese clients over ones from Hong Kong and foreign enterprises for upgrading China's logistics sector.
With the Chinese logistics business scene as potentially lucrative as it is, several Taiwanese companies have set up logistics centers on land provided by Chinese local governments. A food logistics park was established in Chengdu by the Hai-Pa-Wang Taiwanese seafood restaurant, for example. Another cross-strait commerce and trade cooperation zone was set up in Kunshan in Suzhou.
Logistics operations can also be simple, as in the case of the Philippines, where bus lines are used to carry goods in provincial operations. Although not entirely dedicated to carrying goods, almost all bus lines accept packages for delivery on their routes. The sender has only to deposit the package at the nearest bus terminal and inform the recipient about the consignment.
As buses operate between routes continuously, this localized logistics system serves a huge population and may even be the fastest mode of delivery. Perishables like vegetables, fruits and flowers also follow this mode to reach urban markets from villages in all parts of the world, often reaching their destination in the wee hours of the morning.
The robust trade, economic growth, and liberalization policies followed by many Asian countries have resulted in increased trade volumes. The ensuing increase in transportation, handling, and warehousing needs has led to a demand for integrated logistics solutions in the region. Increased globalization in manufacturing and other technological advancements has made companies focus more on core activities, and thus logistics activities have been outsourced as a cost-effective solution.
In the case of India, the growing economy now requires a boost in its logistics services to keep the goods flowing at an increasing rate. The logistics field is now estimated at a value of more than $US14 billion, with further growth envisioned. Logistics-related services in India encompass transportation of goods by air, land, waterway, and railway.
Air freight ensures rapid, safe, and even same-day delivery of goods and is hence much preferred. India, which boasts an extensive network of roads, prefers to use them to transport household goods, machinery, and vehicles. Another cost-effective and older mode of logistics is via the railway transport system, which carries vehicles, oil, and coal from one end of the country to the other in huge volumes. Shipment of goods on waterways is especially useful in international shipments of huge quantities of goods like grains, oil, or sensitive articles like uranium.
The logistics industry in India has grown fast, overriding major sectors like metals and mining. Strategically located cities like Mumbai were earmarked for setting up logistics parks with investments to the tune of US$200 million. Export processing zones housing several companies ranging from garment to electronics have necessitated the need for a good logistics backbone to support the domestic market as well as international trade.
The Indian logistics industry is poised to grow annually at the rate of 15-20 percent, reaching a revenue outcome of US$385 billion by 2015. The market share of the organized sector in logistics will also grow to 12 percent by 2015, opine market analysts.
Data reveals that nearly 110 logistics parks covering 3,500 acres, set up at a cost of US$1 billion, will become operational by 2012. This will include huge warehousing facilities developed by logistics companies at an expense of US$500 million.
China and Taiwan have been cooperating in efforts to improve logistics techniques. Since the advent of online shopping in China, the importance of delivery firms have grown manyfold. Taiwan's logistics centers are assisting Chinese logistics service providers nowadays. The huge potential of China's logistics scenario can be proved by the overall turnover in 2010, which was estimated at 110 trillion Chinese Yuan (US$16.6 trillion). This represents a huge business opportunity for logistics-related companies. The expected increase in China's GDP will give a further boost to this industry.
The logistics costs in China are high, yet they can easily be lowered. One hurdle China faces in this industry is that there is no unified business tax system. Currently, a three percent business tax is levied on transportation, loading and unloading, along with another five percent levy on warehousing and distribution and other taxes.
In spite of the growing economy in China, the logistics industry can be said to be continuing to suffer, but all city governments understand the importance of logistics centers for rapid urban development. Taiwanese logistics companies are preferred by Chinese clients over ones from Hong Kong and foreign enterprises for upgrading China's logistics sector.
With the Chinese logistics business scene as potentially lucrative as it is, several Taiwanese companies have set up logistics centers on land provided by Chinese local governments. A food logistics park was established in Chengdu by the Hai-Pa-Wang Taiwanese seafood restaurant, for example. Another cross-strait commerce and trade cooperation zone was set up in Kunshan in Suzhou.
Logistics operations can also be simple, as in the case of the Philippines, where bus lines are used to carry goods in provincial operations. Although not entirely dedicated to carrying goods, almost all bus lines accept packages for delivery on their routes. The sender has only to deposit the package at the nearest bus terminal and inform the recipient about the consignment.
As buses operate between routes continuously, this localized logistics system serves a huge population and may even be the fastest mode of delivery. Perishables like vegetables, fruits and flowers also follow this mode to reach urban markets from villages in all parts of the world, often reaching their destination in the wee hours of the morning.
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