Page 18 - TrafficInfraTech Magazine - Linking People Places & Progres

NEW MOBILITY

ordering services has declined during India are likely to benefit from such
the lockdown. Most respondents shift. Many companies will choose
who availed online grocery to maintain higher inventory levels
shopping, before the lockdown, as safety buffers, especially for
said they would increase the usage critical goods like pharmaceuticals.
while some of the respondents who Analysts will favour companies
did not use these services earlier with less stretched supply chains. A
said they would start availing such more consolidation in the logistics
online services. For online food industry is likely to take place.
ordering, the responses suggest a
decline post the crisis. The decline in The epidemic is creating a
usage due to higher perceived risk paradigm shift in consumer
could somewhat be compensated behaviour. According to a survey
by people increasing online ordering by NRF (National Retail Federation)
instead of dining out. Overall 9 in 10 consumers have changed e-commerce and mobile commerce
there is reason to believe that the their traditional shopping habits., platforms. E-commerce will emerge
change in demand for e-commerce more than 50% of consumers have as the big winner of the crisis.
services would lead to an increase in ordered products online that they
demand for urban freight, especially would normally purchase at the store The logistics sector is likely to
two-wheelers and auto rickshaws and nearly 6 in 10 consumers say adopt increased automation of
for delivery purposes. they are worried about going to the processes through the launch of
store due to fear of being infected. It robotics and artificial intelligence
Likely trends in Freight is expected that consumers are likely in transportation and warehouse
logistics to opt for online shopping even management, thereby reducing
after the outbreak ends, especially reliance on human intervention.
The transition to a new model for for categories such as groceries and
supply chains will be facilitated by personal care. According to Welspun One
a rapid and wholesale digitization Logistics Report (2020) the
using technologies like artificial This trend is likely to continue long warehousing and logistics sector is
intelligence and the Internet of after the lockdowns are called off as likely to grow at 35% in 2021 as
Things which shall enable supply people would still be apprehensive opposed to earlier projected demand
chains to quickly switch to alternative to visit crowded areas like malls or of 25% since these asset classes are
providers when regular suppliers supermarkets. In short, the COVID- expected to be among the fastest
face disruption. Manufacturing 19 outbreak and 2020 will mark a to recover from corona virus crisis.
hubs such as Vietnam, Mexico, and tipping point for the adoption of This is due to an unexpected likely

18 April-May 2020 / TrafficInfraTech www.trafficinfratech-com-500653.hostingersite.com