Logistics Sector in India – Importance, Challenges, Policy

One of the most struggling sectors in the current pandemic is the logistics sector. As the sector is demanding special packages to deal with the scenario, it is pertinent to remember the government's decision to have a new National logistics Policy as declared by the Finance Minister during the Budget speech this year. In this backdrop, it is important to study the features, status, and issues of the sector.

What is Logistics sector?

• Logistics is the cumulative process of managing, storage, and transportation towards their final destination.
• Logistics is the backbone of the supply chain(management of flows of goods from the pointof origin to the point of consumption). Itincludes transportation, inventory management,warehousing, materials handling, p