SME WORLD Bureau
Global Ocean Group is one of the pioneers in the logistics industry engaged in door to door delivery solutions in all modes of transport from international freight to local transportation facility including custom clearance, warehousing, transportation etc.
The company has registered with WCA & MTO and aims to reach around the world. The focus of our company is on developing a speedy and reliable service on the strength of high quality standards. Our concentrated efforts in pursuit of excellence have earned us a stable and loyal client base. Client orientation and technical adaptations has result that we provide best services at very competitive rate.
Ivan Da Costa, President of Global Ocean Group interacts with SME WORLD.
The journey and growth of logistic sector in India over the years
The Indian Logistics industry is going a major transformation, with the requirements only increasing in terms of sector-wise growth; and also setting up logistics infrastructure at different locations. This is a tremendous opportunity for us to learn and grow, while diversifying our base to achieve excellence in delivery.
There are many examples which support this sharp theory. The startup sector for one has been growing at a high pace. Which in turn means that customers are being accesses at different locations, as well as by all means a rapid supply chain eco-system. This obviously pushes the logistics mechanism to the edge, with each online retail company relying heavy on their supply chain management.
Then, the manufacturing industry has also gained a lot of focus in India recently. The big push is obviously coming from the government. This has also led to a favorable growth in infrastructure, with tier 2 and tier 3 cities also gaining momentum. Many new cities and towns are entering the manufacturing, industrial, and retail landscape now. This means many more opportunities for us to make our system more efficient, as well as lay our focus on being innovative.
The scenario is more optimistic if we consider the statistics. According to the India Logistics Expo 2016 report, the Indian logistics market recorded US $104.10 billion revenue in 2014, and is likely to reach revenues of US $150-$160 billion by 2020.Transportation accounts for about 60 per cent of the market revenues.
What are the challenges in the sector?
One of the major challenges is infrastructure management. With online retail knocking the doors of consumers spread across the country, there is an urgent need to develop the transportation mode, build roadways, and provide greater accessibility in remote area management. Also, India's manufacturing base is more rooted in its tradition. This means that there is a potential from every nook and cornet of India. If only we can tap this potential to the fullest, we will be able to do greater justice.
How Global Ocean is extending its arms to help the vast SMEs sector in India?
With our varied experience in the field of logistics we provide free consultation for SMEs in understanding the intricacies of Logistics wherein they are given the understanding in different areas viz Import, export, warehousing, sourcing and Customs clearances and how we as Global Ocean can give them a complete point to point solution for all their logistical requirements from any corner of the globe as well as locally. In this way they are able to save a lot of time, energy and finance to fulfil their obligations satisfactorily.
What are the growth plans of the company?
We have been investing in the development of Global Ocean Group to be in tune with growth in the logistics industry. One immediate requirement, we felt, is to expand our presence- to penetrate deeper into each region. We have recently stepped up our presence in Pune, Nagpur, and Aurangabad, by launching our branches in each of these cities. We have further plans to open more branches in India, and overseas too. We are also laying more focus on our capabilities to offer warehousing and supply chain management services, since we see this as a major trigger for growth in logistics going forward too.
How technology has changed the logistic sector and in what way?
Technology is the most critical component in supply chain management in terms of tracking and visibility. It is a key for a transportation provider such as a third-party logistics provider (3PL) to have visibility to all components of a customer's supply chain, even to other 3PL providers. With accurate, timely tracking and visibility, a wealth of data is at your fingertips, and your enterprise supply chain solutions dramatically increase along with service accuracy and the optimization of supply and demand. Technological advances, such as on-board computers in the case of trucking, allow shippers and logistics providers to track a driver's speed, fuel, location, trailer temperature (in the case of refrigerated goods) and hours of service.
Data such as these allow a shipper to know where freight is at all times and if there is the possibility of a delay or interruption in service before it affects their customer, not after. The more you know where things are, the better you can reduce labour costs, make fewer shipments and are prepared for just-in-time requirements.
Even if one outsources some sections like transportation you can still track and have control of client's cargo. On line filing of documents has also given clients and logistic provider's convenience.
A vision of the logistics of the future in face of fast changing business scenario.
Logistics industry has undergone a major transformation especially with the advent of ecommerce companies in India. Startup companies hugely rely on their supply chain management, which presents a great opportunity for us to tap going ahead too. Also, India's focus on manufacturing growth has been highlighted in the recent times. This will only create a growth in the logistics market. Since we are present in every segment of the logistics business, I feel that the time has never been better, with Indian business economy creating more opportunities for the customers.
Even Tier 2 and Tier 3 cities are gearing up to the idea of buying the latest in fashion and brands. As the retail sector steps up its presence in the key markets, there will continue to be a huge dependence on logistics to get innovative and more reliable. It only means more players and, more competition in the logistics service business as well.
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