Continuation of LOGISTICS AFTER RECESSION-Hyderabad (131 views)

With the Indian economy to grow at 6 plus percentage, there would be no doubt that logistics industry would fare better in this fiscal year. Logistics will register an exciting growth in the next 2 years as manufacturing, retail and real estate which currently are under severe stress will return to their buoyancy. More companies are turning towards 3PL as it helps them bring down conventional logistics costs and handle more complicated tasks. Companies are eager to expand into new market which are creating more logistics challenges. This is driving more companies to enter into tie ups with providers who are already operating in global markets. The revival of retail industry will enable logistics service provider to take 3PL service to next level and one can witness 3PL business taking leaping vertical growth and reach $90 million by year 2012.
We at DRS Logistics (P) Ltd who have been watching the flow of events have been able to cope with the slow down mainly due to the fact that we had invested into the asset almost since two years . During this period we had tried to consolidate our operations by carefully cutting unwanted costs and putting things in its place. We have developed our own workshop for maintance of truck which helped us to keep our operating cost under check. The Relocation segment (Agarwal Packers and Movers) was slow in the last 3 quarters due to many companies postponing the transfers and promotions which is now picking up and we would hopefully do very well in the coming season. The warehouses which the company built in the last two years have started giving results and the overall growth in all the segments viz relocation, Contract Logistics, Small parcel and the warehousing have done satisfactorily in 2009-10.

http://www.agarwalpackers.in