Chennai, June 12, 2012: Major shifts in global business conditions are radically altering input costs and risk. In response, companies must realign their supply chains around new assumptions to meet the multidimensional challenges of today’s marketplace. Supply Chain Management is hence perhaps emerging as one of the fastest growing fields of knowledge in this decade. Against this background, CII- Institute of Logistics organised the 10th Edition of its flagship Event, ―The Logistics Summit 2012‖ with the theme ―Next Generation Supply Chain – Challenges & Opportunities‖ on 12th -13th June 2012 at Le Royal Meridien, Chennai. The conference was inaugurated by Shri. G.K. Vasan Minister of Shipping, Govt. of India.
The two day conference will be spearheaded by Mr. Cyrus Guzder, Chairman, CII Institute of Logistics Advisory Council and Mr. R. Dinesh, Co-Chairman, CII Institute of Logistics Advisory Council.
Speaking at the occasion, Shri. G.K. Vasan Minister of Shipping, Govt. of India. said, ― I am happy to participate in the Logistics Summit 2012 organised by CII. The theme of the conference is apt for today business environment as it will help us look into the future with more positivity. Globalisation has increased trade flow within countries and thereby stiffing the competition which has in-turn increased the demand for efficient logistic management. The current situation in the Indian economy serves as a spring board for the logistic industry to take a giant leap. The current installed logistic infrastructure is inadequate so we either ride the tide or invest further to spur the growth in the logistic industry, Govt has taken many step in this regard like allowing 100% FDI, eliminating CST, and allowing VAT, we have build dedicated rain freight corridors, we now need speedy arguments also from the private sector.
Today, the industrial focus is more towards making logistics activities leaner and greener. Industry is also focusing on reducing and compensating on carbon footprints they leave on the environment. About 70% of domestic cargo movement in India happens through roads. However use of sea routes wherever possible is more cost effective and greener, many corporate, particularly automobile and manufacturing sectors are benefitting from this option. Government of India is also encouraging the cargo movement through waterways and has started initiatives to develop better infrastructure to ensure connectivity to major and high volume ports. Inland water transport wherever possible is also being explored.
Tan Sri Addul Rahman Mamat Director General – GCEL Asia, Fmr. Secretary General- Malaysia Ministry of International Trade & Industry launched the ―Shipment Efficiency Analysis project‖ in the summit in the presence of Shri G.K. Vasan.
Tan Sri Abdul Rahman Mamat, GCEL’s Asia Director General and former Secretary General of Malaysia’s Ministry of International Trade and Industry, commented that ―The innovation of the cargo container 70 years ago was a driving force for economic growth, as it significantly reduced the cost of trade. Today, a country’s economy is based on 4 prime industry i.e finance, commerce, insurance and logistics. Maximising the power of logistic industry will empower all the other 3 prime industry and there deliver a true 21st century digital economy. With an efficient and secure logistic industry we can reduce global trade costs by USD 700 billion and generate up to USD 1.2 trillion in new trade supporting about 100 million jobs.‖
Mr. Cyrus Guzder, Chairman, CII Institute of Logistics Advisory Council said ―It’s important to focus on the key challenges to help industry to leap into the next generation of supply chain. To tackle these challenges CII has taken up a series of initiatives like skill development for logistics sector, WAREX Certification, a certification process on Warehouse performance excellence, SCM Pro, a Certification of Supply Chain Professionals’ – SCM Pro is introduced by CII – Institute of Logistics with an objective to
recognize and endorse the competencies of Supply Chain professionals based on the `body of knowledge’ and also help organization to attract right talent.
Mr. R. Dinesh, Co-Chairman, CII Institute of Logistics Advisory Council said, ―The summit highlights the significant role the logistics sector plays in the current era to support India’s ambition to become one of world’s top three economies by mid century. As economies around the world step back from the financial brink and begin adjusting to a new normal, companies face a different set of supply chain challenges than they did at the height of the downturn—among them are rising pressure from global competition, consumer expectations, and increasingly complex patterns of customer demand. The focus of the next two days will not be on how become more competitive but actually on how we can together enhance our knowledge on the supply chain management and explore opportunities to work together with the government and prepare ourselves for the forthcoming challenges of today’s dynamic business environment.With the support of Government and the combined effort of the entire logistic industry, the summit aims to bring about positive changes that will improve efficiency, resiliency, and sustainability, while allowing for more responsive supply chains with greater flexibility to support growth.‖
Sharing a brief note on the publication, Sumit Datta, partner Mckinsey said, ―Today supply chain is one of the top 3 topics that concern CEOs. Companies are today building supply chain as their differentiator. The publication covers pressing challenges of today’s era like last mile delivery innovation, valotality in global supply, talent scarcity, near shoring and green supply chain. The publication also topics like supply chain supporting the corporate strategy, reducing complexity by smart segmentation, matching demand and supply network, global end-to-end planning, and career opportunities in supply chain.‖
The Two day conference attracted end users and senior business executives from the Manufacturing, Telecom, Retail, FMCG, Pharmaceutical, Railway, Shipping, Ports, Logistics service providers, Freight forwarders, Warehousing & Distribution & other sectors, who indeed described Supply chain management as the last goldmine for achieving competitive advantage over rival organisations. National and International case studies from different industries mainly Auto, Pharma, Iron & Steel, Retail, FMC, etc were also presented.
About CII –Institute of Logistics:
CII Institute of Logistics has been established by the Confederation of Indian Industry as a Center of Excellence in Logistics and Supply Chain and to improve the competitiveness of Indian Industry in this domain. CII's Institute of Logistics (CIL) creates a platform to gain more insight into the emerging trends, industry specific problems of national importance and global best practices in logistics & supply chain management. It enables the industry to cut down the transaction cost, increase efficiency, and enhance profitability and enable to sensitize and bring solutions to macro level issues.
With a relentless aspiration to enhance logistics competitiveness in the industry, CIL provides a complete range of services such as education, training, consultancy, research, events and information services & publication.
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