What opportunities do you foresee for your business post-Covid scenario? What is your market outlook on logistics & warehousing?

India is expected to be one the fastest growing economies in the world in the next few years and this growth will need a robust, modern, efficient, and widely spread logistics industry.

CJ Logistics is growing its business with a more than 50% share in the Korean logistics market. In Korea, with the logistics concept of TES (Technology, Engineering, System), we conduct a test based on IT and automation that will be launched in Korea, and this will expand globally. For example, this growth is based on full automation of Picking and Sorting, big-data analysis using AI, and logistics management systems such as specialized WMS and TMS. The time is coming when India's rapid development and high level of logistics services are required. This will support the development of the Indian industry while transferring Korea's advanced technologies to India. The company will also establish and connect each region's central hub based on strong transport capacity across India. As the company’s slogan, 'We Design Logistics', the company promises to provide the most suitable logistics solution to its customers.

Artificial Intelligence and a horde of other devices like drones, electric vehicles, automated systems, high-tech security, and efficient management systems have made the processes much easier for the logistics sector as well as for the clients.

Today, the warehousing and transportation sector has become an imperative part of the supply chain and distribution system. According to a recent report by McKinsey Global Institute (MGI), India’s logistics sector would expand at a Compound Annual Growth Rate (CAGR) of more than 10 percent, from $200 billion in early 2020 to at least $320 billion in 2025. The newly emerged trends like Omnichannel shipping, Globalization and compliance, etc, are a few factors that are reshaping the logistics and warehousing industry. Logistics and warehousing drive growth in the segment with technological advancements, consolidation, government support, newer business models, and investment, it is playing a crucial role in stimulating the Indian economy in the post-COVID world.