How logistic costs could be reduced in India by ULIP?

As part of its initiative to reduce country's logistics cost by making systems more efficient and broad based, government proposes to rope in private sector into its Unified Logistic Interface Platform- ULIP. About 24 Digital Systems of 6 Ministries are being integrated through ULIP.28-Feb-2022

What is unified logistics interface?

About Unified Logistics Interface Platform (ULIP) ULIP is designed for enhancing efficiency and reducing the cost of logistics in India by creating a transparent, single window platform to provide real-time information to all stakeholders.02-Mar-2022

What is national logistic portal?

National Logistics Portal (Marine) is a national maritime single window platform encompassing complete end-to-end logistics solutions to help exporters, importers, and service providers exchange documents seamlessly and transact business.

What is logistic policy?

The policy will create a single window e-logistics market and focus on generation of employment, skills and make MSMEs competitive. India's logistics sector is highly defragmented and the aim is to reduce the logistics cost from the present 14% of GDP to less than 10% by 2022.

How can we reduce logistics cost in India?

8 Practical Ways to Reduce Transportation Logistics Costs

1.Get Creative ideas – Don't Rely On Single Modes.
Explore Shipping Consolidation Opportunities.
Consider warehousing services.
Use Automatic container loading system to Reduce Labour Costs.
Use Preventive Maintenance.
Focus On Logistics Cost Reduction.

What is meant by green logistics?

Green logistics consists in using more eco-friendly and sustainable processes in order to reduce the environmental impact of logistics. This approach covers the entire life cycle of the product: manufacturing, storage, transport, marketing, use and disposal.21-Oct-2021

What is multi modal logistics hub?

Multi Modal Transport Hub (MMTH) project located near the already existing Indian Railways station of Boraki will act as a transport hub with provisioning of rail, road, and mass rapid transit system (MRTS) accessibility for the passengers in a seamless manner.

What are business logistics companies?

What is a logistics company? Logistics companies are third-party fulfillment providers (also known as a 3PL) that offer order processing and services like warehousing, picking, packing, and shipping. Logistics companies receive, process, and store inventory from merchants.

What is multi modal logistics park Upsc?

What is a Multi Modal Logistics Park (MMLP)? About: Developed under a 'Hub & Spoke' model, the MMLP will integrate multiple modes of freight transport through highways, railways & inland waterways.26-Aug-2022

What is NLP Marine?

NLP Marine is designed as an “open platform” and in a manner that allows coexistence of multiple service providers to provide EXIM related services independently or by using connectivity options and data as authorized by IPA.28-Dec-2021

Who is launched ease of logistics portal?

UPSC Mains Q. Which Union Ministry has launched the 'Ease of Logistics' portal? Notes: Federation of Indian Export Organisations (FIEO) is the apex trade promotion organisation set up by the Ministry of Commerce, and private trade and industry bodies in 1965.

What is logistics sector in India?

LOGISTICS – GLOBAL VIEW Global Logistics Industry includes all activities of the supply chain such as transportation, customer service, inventory management, flow of information and order processing.

Who is the logistic minister of India?

Sarbananda Sonowal

What is the meaning of international logistics?

 International logistics is the process of planning. and managing the flow of goods and products in your. company's supply chain from acquisition to customer purchase, where part of the process involves crossing at least one international border.

Why are logistic costs so high in India?

Several reasons are cited for the high logistics costs in India, including an unfavourable policy regime, lack of a multimodal transport system and consequently the heavy reliance on road transport, a fragmented storage infrastructure, the presence of multiple stakeholders in the entire transport and storage value

What is logistic cost India?

India's logistics cost as a percentage of GDP is 8.35% on an average. For years, the government had been of the view that the logistics cost is 14% of GDP.02-May-2022

How do you cut cost in logistics?

How to Reduce Logistics Costs

Improve Customer Satisfaction.
Minimize Travel Times.
Centralize Procurement.
Consolidate Shipments.
Focus On Informed Decision Making.
Automate Warehouse and Logistics Processes.
Outsource Logistics to a 3PL.

Which company uses green logistics?

Many progressive companies, such as Walmart, Ford and FedEx, have capitalized on the opportunities of green supply chain management and therefore very worried with the environmental burden of their supply chain processes.26-Jul-2016

What is the future of logistics?

The future of logistics will be defined by data, analyzed by artificial intelligence and driven by machines. Gartner has predicted that by 2023, AI techniques will be embedded across 50% of supply chain technology solutions.

What is the difference between reverse logistics and green logistics?

Reverse logistics can be explained as the process where the company takes back the goods for some reason, and green logistics is when the company tries to adapt environmental friendly ways to the logistics chain.