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Description
Topic: FMCG Logistics Navigating the future of Global Logistics
Cargo Talk in collaboration with Triton Maritime and Logistics Pvt Ltd is all set to release its first TriNext podcast on FMCG Logistics - Navigating the Future of global Logistics.
Speaker - Anil Mishra, National Logisics Head at Pladis Global
Moderator- Jitendra Srivastava, CEO, Triton Logistics & Maritime
Industry Overview
The FMCG industry is primarily responsible for producing, distributing, and marketing fast-moving consumer goods.
It is the fourth largest sector in the Indian economy. The global FMCG market was valued at USD 107.46 billion in 2022 and is projected to grow to USD 148.51 billion by 2031, at a CAGR of 3.66% from 2024-2031.
In India, the FMCG sector expanded due to consumer-driven growth and higher product prices, reaching US$ 121.8 billion in 2023. The market is expected to grow at a CAGR of 27.9% from 2021-27, reaching nearly US$ 615.87 billion.
The FMCG sector employs around 3 million people, accounting for approximately 5% of total factory employment in India.
FMCG sales in India were expected to grow by 7-9% in revenue for 2022-23.
Growth drivers include favourable government initiatives and policies, a growing rural market and youth population, new branded products, and the rise of e-commerce platforms. The number of active internet users in India is expected to increase to 900 million by 2025 from 622 million in 2020. E-commerce now accounts for 17% of overall FMCG consumption among affluent buyers, who spend about Rs. 5,620 (US$ 68) on average.
FMCG companies are adopting AI across the entire value chain, from sourcing raw materials to product development, manufacturing, operations, sales, pricing, and distribution. -
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CargoTalk in collaboration with Cargo Service Centre organized a digital conclave on May 5th to discuss upon the Need for world-class cold chain infrastructure to store and transport Pharma in India. Top industry veterans participated as panelists like Satish Lakkaraju, Senior VP, Global Head-Air Freight and Pharma, WIZ Freight, Radar Ventures, Tushar Jani, Group Chairman, Cargo Service Center, and Rashmi Karnad Gurung, Manager Climate Control Product, Qatar Airways. The session was moderated by Mr. SanJeet, CEO, DDP Group. The knowledge-sharing session focussed on various crucial aspects such as Current Infrastructure for cold chain shipments handling and multimodal transportation, recent advancements, innovations, and investments in improving cold chain infra, crucial Pain points, and a lot more.
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CargoTalk in collaboration with Cargo Service Centre organized a digital conclave to discuss upon the Need for world-class supply chain infrastructure in India.
The session was moderated by Mr. SanJeet, CEO, DDP Group. The knowledge-sharing session focussed on various crucial aspects such as Current Infrastructure for cold chain shipments handling and multimodal transportation, recent advancements, innovations, and investments in improving cold chain infra, crucial Pain points, and a lot more.
