Logistics management is a supply chain management component that is used to meet customer demands through planning, control and implementation of effective movement and storage of goods and services from origin to destination.
History of Logistics
The word ‘logistics’ has originated from the Greek word ‘Logistikos’ and the Latin word ‘Logisticus’ which means the science of computing and calculating. In ancient times, It as used more in connection with moving armies, the supply of food and armaments to the war front. During World War II, logistics gained importance in army operations covering the movement of men and equipment across the border. It has acquired the wider meaning and is used in businesses for the movement of materials from suppliers to the manufacturers and finally finished goods to customers. Opportunities in India According to a study conducted by National Skill Development Corporation (NSDC), Logistics sector currently employs over 16.74 million employees and is slated to employ more than 28.4 million employees by 2022. This implies additional creation of ~11.7 million jobs in the next nine-year period (2013-2022). A person who has completed the logistics correspondence courses, can find job opportunities in airports, sea ports, import-export companies, e-commerce companies (Flipkart, Amazon etc..), and 3rd party logistics companies (Bluedart, Fedex, DTDC etc..). The Indian transportation and logistics
industry is poised at a crossroad along its growth trajectory even as the ongoing global economic uncertainty which has been impacting the Indian market to an extent. However, driven by strong fundamentals and consistent demand, the resilient Indian economy, in general and, the logistics sector in particular, are seemingly well-positioned to sail through turbulent global economic uncertainty. Global Opportunities The global annual logistics expenditure is approaching USD 3.5 trillion. The annual logistics cost of USA is about 9% of the GDP and internationally it varies between 9% and 20% of the GDP. The US logistics market is the largest in the world and accounts for one-third of the world logistics market. The global logistics industry has registered significant growth in the last decade with the emergence of Third-Party Logistics (3PL) and Fourth Party Logistics (4PL) players in industry who are expected to play a much more important role in the years to come.
Logistics is an emerging industry in India, especially in Kerala. The introduction of GST has made the tax rates equal for all areas and this in turn resulted in higher investments and warehouse formations in industrial hubs like Kochi.
The development of these warehouses and investments have opened immense opportunities in the field of Logistics and Supply chain management. Techshore is aiming in introducing new and fresh graduates to the field of Logistics by providing adequate training and valued certificates. The number of vacancies over the number of trained candidates makes this field the best for freshers looking for jobs.