Growth factors of India’s reverse logistics market
The recent report provides information on key trends, major drivers and important challenges in the reverse logistic sector of India along with insights on players in the industry.
According to the report, the government is focusing on sustainability which is a growth factor of India’s reverse logistics market.
For a clearer understanding, the report gives an overview of the logistics sector, its components and elaborate understanding of reverse logistics as a service. It also contains, a unique and up-to date definition of the industry which helps in finding the basic processes, the business models involved in reverse logistics along with the definition on the difference between forward and reverse logistics. The market overview section describes the current market size along with forecasted market size and growth rate that would be widespread in the market till 2016. It also deals with percent demand acquisition from the four zones of India along with the highest reverse logistics demanding sectors.
The report elaborates the distribution channel that the company’s in the market follow. It describes the real meaning of reverse logistics as a service, the possible reasons of goods return and the outcome of such returned goods along with its capability to ensure systematic supply chain management, details on reverse logistics models such as non-governmental organizations, corporate self ownership, joint venture operated and 3rd party service providers involved in reverse logistics for their own or outsourced supply chain management.
The report provides an industry wise outlook of the sectors that must depend on reverse logistics service such as retail, consumer electronics, automobile and pharmaceutical sectors. It also describes the drivers and challenges that the industry is facing in current market scenario along with a set of factors which boosts and hinders the growth of the market.
As per the reports, some of the key drivers are government concern for sustainability, garnering of customer satisfaction by manufacturers, growing consumerism among Indians and the economic viability of reusing goods. Low importance given to returns management, infrastructure bottlenecks and warehouse space deficit are the factors that hinder the market growth. The key issues in the market are mismanagement in segregating returns, high distribution costs and retailer-manufacturer conflict. The report also highlights technologies such as RFID, RLMS and ERP that can help in scaling up efficiency of the sector and keeping tab on the status of the cargo in transit. It also provides the benefits of various types of technology adoption along with a list of some of the key solution providing companies.
The report further describes the recent scope of the E-commerce industry for the reverse logistics sector. The major source of business for the reverse logistics industry is due to the facility of product returns provided by the E-commerce industry. It gives data on the major players in courier market in India and enables a clearer picture of the competitive scenario which includes corporate information, business highlights and key members. It also describes financial analysis of key vendors and provides an insight into their financial health of the reverse logistics companies in India along with strategies for the existing and new players in the reverse logistics sector.