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Building Trust and Collaboration between LSPs and End Users is the Need of the Hour Finds Frost & Sullivan - Frost & Sullivan successfully hosted its second annual strategy workshop for the Logistics Sector titled 'Future Supply Chain Strategies – THE WAY AHEAD' from 14th-16th September, at the Zuri White Sands Resort, Goa
Building Trust and Collaboration between LSPs and End Users is the Need of the Hour Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mumbai, India, 2011/09/23 - Frost & Sullivan successfully hosted its second annual strategy workshop for the Logistics Sector titled 'Future Supply Chain Strategies – THE WAY AHEAD' from 14th-16th September, at the Zuri White Sands Resort, Goa.

   
 
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Progressing from last year's workshop, this year's workshop explored the critical areas of focus for the logistics sector and essential next steps in achieving ideal future supply chains for key industries such as Automotive (Auto components), Healthcare, Retail and Electronics, IT and Telecom. This workshop emphasized on the need for a combined effort from the logistics service providers (LSPs) and end users.

The workshop commenced with a presentation from Frost & Sullivan on 'Frost & Sullivan's Perspectives on Future Supply Chain Strategies', which provided strategic insights from Frost & Sullivan research studies and set the context. The session explored the mega trends impacting the logistics industry, key logistics challenges requiring collective efforts by LSPs and end-users, and the critical aspects in building a roadmap for efficient and sustainable supply chains for the future. This was followed by an interactive panel discussion comprising renowned executives from LSPs and end users to enlighten the logistics fraternity on the need and way forward in collaborative logistics. Subsequent sessions had leading LSPs present their perspectives on the logistics scenario for key end-user industries.

Furthermore, two intense activity workshops spread over two days were conducted, involving multi-disciplinary expert groups, each involving a specific end-user industry, logistics decision makers, LSPs and thought leaders. These teams worked together to ideate, evaluate, and define the most important challenges, solutions and initiatives for ideal future supply chains of the given industries.

On the occasion, Mr. Anand Rangachary, Managing Director, Frost & Sullivan, South Asia, Middle East and North Africa, who moderated the workshop sessions said,"Frost & Sullivan studies covering various segments of the logistics market identified that there is a significant difference of perspectives between LSPs and end users regarding the future needs and challenges in logistics functions across industries. The most important and underlying factor that was established from the deliberations in the workshop sessions was that both LSPs and end users need to develop mutual trust and collaborate in the efforts to address identified challenges and enhance the performance of both partners."

The workshop also included a thought provoking panel discussion on 'SCM Specialist Human Resources Scarcity and Capability Crunch - Need for Training and Development', aimed at identifying the reasons for skills shortage and defining initiatives to address the issue, which could be adopted by the entire logistics sector.

Concluding the workshop, Mr. V.G. Ramakrishnan, Vice President, Transportation and Logistics Practice, Frost & Sullivan, South Asia, Middle East and North Africa, said,"Collaborative logistics would be the next big thing in the logistics industry and the time is ripe for LSPs to grab the opportunity and make this a real-world solution. LSPs and end users should work together to deal with the megatrends impacting the Indian logistics industry such as emerging new trade corridors due to rising share of Asia within global manufacturing and consumption, GST implementation in the country, emerging importance of coastal shipping, and green logistics among others. End -users are expecting LSPs to take the lead in making gains from the megatrends as well as in addressing major challenges faced by the logistics sector such as lack of funds to invest in technology, shortage of skilled professionals and lack of complete transportation solutions. Frost & Sullivan research studies have found that providing end-to-end transportation solutions using the multiple modes is the need-of-the-hour, with 83 percent end-users rating it as one of the next growth area for LSPs.

Frost & Sullivan believes that the Future Supply Chain Strategy evolution landscape has to be jointly painted by logistics managers and LSPs, hence collaborative logistics would play a crucial role in paving the way forward."

The workshop witnessed participation from top logistics executives from leading end-user companies such as Tata Motors, Toyota Kirloskar, Mahindra Navistar, Volvo Eicher Commercial Vehicles, Fenner India, Amararaja Batteries, Federal Mogul, Pricol, Apollo Tyres, Acer India, Bluestar Electronics, Alcatel-Lucent, Xerox, Samsung, Novartis, Abbot Labs, Dr. Reddy's Labs, Alkem Labs, Himalaya Healthcare, B Braun, Hyper City Retail, Mahindra Retail, Nilgiri's Retail, Café Coffee Day, ITC, Globus, Raymond, Anchor Electricals, etc. Leading participant organizations from the LSPs included Safexpress, Allcargo, APLL, TNT, CHEP, TCI, and Uniworld Logistics etc.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.

The Transportation & Logistics Consulting Practice of Frost & Sullivan in India has been providing growth solutions for most of the leading transportation and logistics companies in the country. Our competencies in providing growth solutions cover a broad range of segments ranging from growth strategies and opportunity identification to customer satisfaction studies, best practices and supply chain efficiency enhancements, for both LSPs and logistics end-user organizations. As companies in India witness a growth in the logistics and transportation industry, we at Frost & Sullivan's Transportation & Logistics Consulting Practice, aim to help our clients carve their own niche in these promising industry segments.

Media Contact:
Nimisha Iyer
Corporate Communications - South Asia, Middle East and North Africa
M: +91 98200 50519 / P: +91 22 66072004 / E: niyer[.]frost.com.

 
 
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Building Trust and Collaboration between LSPs and End Users is the Need of the Hour Finds Frost & Sullivan

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