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Date: 23/04/2024

Cost, speed are the top priorities in logistics: Report

Cost and speed have now become the top priority of the firms engaged in the logistics business for the last-mile delivery of goods and growth of the sector, according to the Last-Mile Trends Report 2024. Earlier, the top priority was cost and satisfaction. The report was unveiled during The Last Mile Leaders Event organised at Noida by technology platform FarEye in collaboration with Microsoft. 
 
Mr Kushal Nahata, Co-founder and CEO of FarEye, said that within the next five years, autonomous drones will handle 30 per cent of urban deliveries, reducing delivery times and costs dramatically. The report was based on insights gathered from over 300 leaders across five continents, representing companies with a combined revenue exceeding USD 100 billion. Of the 300 participants, over 50 per cent stated that they delivered the goods the same day/next day. The report also said that 80 per cent of supply chain leaders believe measuring the cost of delivery is a top priority, as per a report.
 
Source: Exim News Service: New Delhi, April 22



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