Government focus towards sustainability boosts India’s reverse logistics market
Netscribes, Inc. launches report on the Reverse Logistics Market in India 2012 as a part of Netscribes’ Transportation & Logistics Series; report tracks high growth potential of the market
The introduction of the report provides a total overview of the logistics sector and its components. Thereafter, the section provides an elaborate understanding of reverse logistics as a service. A unique and up-to date definition of the industry is provided which also helps us trace the basic processes, the business models involved in reverse logistics. The difference between forward and reverse logistics is also elaborated for a clearer understanding.
The market overview section demonstrates the current market size along with forecasted market size and growth rate that would be prevalent in the market till 2016. The section also deals with percent demand acquisition from the four zones of India along with the highest reverse logistics demanding sectors.
Next, the Netscribes’ report exhaustively elaborates the distribution channel that the players in the market follow. The report then describes the essence 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.
The report then elaborates the prevalent 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 next section deals in providing an industry wise outlook of the sectors that have to depend on reverse logistics service such as retail, consumer electronics, automobile and pharmaceutical sectors.
The report further elaborates the drivers and challenges that the industry is facing in current market scenario. It provides a comprehensive set of factors which boosts and hinders the growth of the market. Some of the key drivers include government concern for sustainability, garnering of customer satisfaction by manufacturers, growing consumerism among Indians and the economic viability of reusing goods. The factors hindering the market growth can be summarized to be the low importance given to returns management, infrastructure bottlenecks and warehouse space deficit.
Key issues plaguing the market include mismanagement in segregating returns, high distribution costs and retailer-manufacturer conflict, according to the report. This section is followed by technology adoption in The industry and 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. Along with the benefits of various types of technology adoption is provided a list of some of the key solution providing companies.
The report further elaborates the recent scope created by the E-commerce industry for the reverse logistics sector. The facility of product returns provided by the E-commerce industry has been a major source of business for the reverse logistics industry.
The competition section profiles the major players in courier market in India in details and enables a clearer picture of the competitive scenario. The section lists basic details of players including corporate information, business highlights and key members. It also features financial analysis of key vendors and consequently provides an insight into their financial health of the reverse logistics companies in India.
The report is concluded with a strategic recommendations section that provides suggestions and strategies for the existing and new players in the reverse logistics sector.