View: Leverage Big Data to improve logistic efficiency — it'll cut costs, unclog chokepoints, boost productivity
Efficiency becomes particularly salient when applied to logistics. For logistics, efficiency translates into reduced costs, which have far-reaching implications for a countrys economy. Lower logistics costs mean more efficient trade and transportation, reducing consumer prices and heightened business productivity. Countries with streamlined logistics can gain a competitive advantage in the global market, making their products and services more attractive due to lower costs.
Andhra Pradesh Tamil Nadu Milton Friedman World Bank Logistics Performance Index India Introduceda National Logistics Policy National Account Statistics
Source: indiatimes.com