Summary:

India's Logistics Performance Index rating rose to 38 in 2023, up from 54 in 2014. SAP India's Vice President, Ashwani Narang, noted that India now accounts for 20% of SAP's global intelligent spend management and business network (ISBN) platform, which includes 8 million suppliers. He emphasized that initiatives like Make in India, Digital India, and electronic manufacturing subsidies are supporting India’s goal of becoming a manufacturing powerhouse.

To rank in the top 20 of the Logistics Index by 2030, India needs to enhance its supply chain management. A recent study found that over 65% of surveyed global companies plan to increase their investment in India by more than 50% in the next three years. SAP's ISBN platform, which handles $5.3 trillion in transactions, facilitates real-time collaboration while addressing India’s specific supply chain challenges with tailored solutions.

Source: IBEF 

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