National Logistics Excellence Awards

News: With a view to turn the spotlight on the logistics sector, the Government today announced the launch of National Logistics Excellence Awards.

Background:

  • While the Indian logistics sector has been growing at a CAGR of 10.5%, reaching approximately USD 215 billion in value in 2020, there are systemic, interconnected problems that must be addressed to enhance its efficiency. Comprehensive logistics costs amount to almost 14% of India’s GDP.
  • Closing India’s competitiveness gap vis-à-vis the global average of 8 percent, would make the Indian logistics sector advanced, organised and efficient, on par with global peers with the ambition of being amongst the top 25 countries in the global Logistics Performance Index (LPI).

Details:

  • The awards will highlight best practices including consolidation, process standardisation, technological upgrade, digital transformations, and sustainable practices.
  • Through these awards we aim to turn the spotlight on logistics service providers who have attained operational excellence, adopted digitisation and technology, improved customer service and pursued sustainable practices, among other achievements.
  • For user industries, the awards will showcase efforts towards supply chain transformation, supplier ecosystem development, skill development, automation, and other similar endeavours.
  • The awards will also be an opportunity to laud the extraordinary measures organisations have taken to address the deficiencies exposed by the COVID-19 pandemic including last-mile delivery start-ups, development of cold storage facilities, effective transportation of oxygen, and uninterrupted supply of essential goods and services to the needy.