The transportation and logistics industry is confronting immense change: digital transformation, new market entrants, changing customer expectations, and evolving business models.
With India’s economy proliferating. The logistics industry is booming. Between FY2019 and FY2024, the sector is expected to grow at a compound annual growth rate (CAGR) of 15.5%.
Around 22 million people are employed in the sector, and another 1.2 million are expected to be created by 2025.
Some key growth drivers in the sector are infrastructure development, FDI reform, and the Goods and Services Tax (GST). Additionally, the government’s initiatives, such as Make in India and Digital India, are expected to boost the logistics industry in the country.
With Tecnomatix logistics and material flow simulation, you can use discrete event simulation and statistical analysis capabilities to optimize material handling, logistics, machine utilization, and labour requirements. This allows you to check for bottlenecks quickly, validate transported materials, and view resource utilization over time for multiple process alternatives. Using stochastic tools with object-oriented and 3D modelling capabilities, you can increase manufacturing accuracy and efficiency while improving throughput and overall system performance.
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