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The 6th Edition of The Economic Times Supply Chain Management and Logistic Summit successfully hosted over 300 industry leaders from across India on 26th June 2019, at Hotel Hyatt Regency, New Delhi
Considered the backbone of the economy, India’s supply chain ecosystem has great potential for growth in coming years as the Indian economy soars to new heights. The Indian logistics sector is expected to grow to $307 billion by 2020, according to ASSOCHAM, and given its immense potential, there is a need to understand the challenges faced by the sector and remove bottlenecks to progress.
The 6th edition of The Economic Times & DHL Supply Chain Management & Logistics Summit witnessed a convergence of stalwarts from Government and industry to scrutinize present and future challenges inherent to the supply chain ecosystem, in addition to deliberating on emerging opportunities within the sector.
This one-of-a-kind event unraveled a world of innovation through a highly engaging and insightful networking platform that encouraged stakeholders to collaborate and innovate. The deliberations captured the thoughts of visionaries and deliberated on the action points required to take this sector to the next level, centered on the theme ‘Supply Chain 4.0 – Smart, Quick & Unconventional’
The highlight of the summit was a Keynote address by Shri N. Sivasailam, Special Secretary (Logistics), Ministry of Commerce and Industry, Government of India, who opined that “There has to be a lot of self-regulation in the industry, if we need to move forward. The key element is as I have been emphasizing over the last 1 month and so has been my minister is future improvements in ease of doing business, which may have to come from reducing the cost of doing business”.
Speaking ahead of the event, Deepak Lamba, President, Times Strategic Solutions, weighed in with his thoughts, saying, “We stand at an interesting inflection point, one brought on by the advent of game-changing reforms and the fast evolving landscape of the supply chain industry. The logistics industry forms the bulwark of economic growth and the aim of the summit was to ideate solutions to modern-day challenges, helping create a robust and reliable economy that is well integrated across the value chain. The deliberations armed industry leaders with the insights needed to push past traditional boundaries, drive innovation, and uncover new sources of value, thus helping businesses achieve future success.”
The Supply Chain and Logistic sector is the backbone of the economy, providing efficient, cost effective flow of goods on which other commercial sectors depend. With India looking to cement its position among the pantheon of major global economies, Supply Chain 4.0 is going to play a major role in achieving the goal. Towards achieving this ambitious target, the summit helped uncover a world of innovation that will transform the supply chain domain and set it on a growth trajectory that will positively impact the sector and the national economic growth agenda.
About Times Strategic Solutions Limited
Times Strategic Solutions Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through strategic conferences and summits. Encompassing the Indian business vista, ET Edge strives to bring together visionaries and key leaders on its knowledge platforms to create social and business ecology conducive to the positive changes required by the industry.