Elastic Logistics Driven by Seasonal Demand
Logistics and shipping organizations are seeing an increased need for elastic logistics across India thanks to surges in demand during peak seasons.
Elastic logistics is the ability of sourcing and logistics providers to expand and shrink their capabilities across geographies in response to market and demand fluctuations, changing consumer preferences, and socio-political changes.
The need for an agile approach to meet spikes in demand are often driven by festivities such as Diwali. To cope with this, companies hire additional staff or increase shifts for existing staff.
Partnerships with local suppliers and national postal services to address last-mile delivery issues is a key aspect of being nimble enough to implement an elastic approach to logistics.
These partnerships allow for the sharing of fleets, warehouses and networks to handle more distribution channels, priority deliveries and penetrate newer markets. Elastic logistics can help companies in getting real-time 360-degree visibility, connecting siloed processes, improving resource utilization and compressing operational costs.
At FedEx, we have made a concerted effort to expand our operations in India.
In April last year, we announced a new partnership between Wirecard and FedEx Express which will see us increase our package pickup and drop-off locations in India.
As part of phase one, FedEx now offers its services in about 200 of Wirecard’s retail agent outlets across South India and New Delhi, which is in addition to the current 680 FedEx retail access points in India.