Digital Transformation's Impact on the Mobility and Logistics SectorParthasarathy Speaks on the Importance of Digital Transformation
India's logistics industry is projected to reach $215 billion at a CAGR of 10.5% by the end of 2021-22. Advancements in digital technologies, changing consumer preferences due to e-commerce, government reforms, and shifts in service sourcing strategies are expected to lead to the transformation of the Indian logistics ecosystem. However, embracing digitization has been one of the most pressing needs of the industry, which was further accelerated during the COVID-19 pandemic.
V. S. Parthasarathy, independent director at Allcargo Logistics, discusses and shares insights on the heightened importance of digital transformation in the changing times with a focus on the mobility and logistics sector.
Parthasarathy is a global leader and has received many accolades and recognitions in the field of finance, M&A and IT. He has also been part of Mahindra Group's senior management team for Group strategy development, facilitated by Harvard Business School.
This article was previously published on the DynamicCIO website on May 24, 2021.