Incorrect, incomplete, or ambiguous addresses are a huge drain on the country’s fast-growing e-commerce industry. While last-mile logistics companies have been using address-correction tools of some kind, the advent of generative AI can be a game-changer since it can reduce errors to a great extent.
Workers load cargo onto a cart at a railway station in Hyderabad.
The government seeks to increase railways’ share in the country’s total freight movement from the current 27% to 45% by 2030. But if rail wants to win over road transportation in product segments that are attracting new demand, it needs to make the pricing regime for container movements more flexible and favourable towards medium and light-weight cargo.
If you often get stuck in highway traffic and curse the long queue of trucks for holding you up, here’s a piece of information that might cool you down a bit. India is increasingly warming up to the idea of multi-modal logistics. And this will not only decongest roads but also bring down high logistics costs. Moving in that direction, the government has set a target to increase the share of the railways in the country’s total freight movement.