Kale Consultants has launched the detailed report on “Technology Adoption Index for the Logistics industry” (TAIL). The first-of-its-kind report, it includes a detailed study covering over 235 companies and is an attempt to arrive at a simple integrated measure of technology adoption in the Indian logistics industry. The index will now serve as an industry benchmark for logistics companies to derive their technology effectiveness and business competitiveness.
The inaugural TAIL study offers a snapshot view of the state of technology adoption in the Indian logistics industry. TAIL captures information on how much technology do firms use, how they use it and how they manage technology in a single comprehensive quantitative measure.
Commenting on the release of the TAIL report, Vineet Malhotra, Global Head, Marketing, Kale Consultants said, “The Technology Adoption Index for Logistics has emerged as a reliable basis for measurement of the degree of technology adoption in logistics. The strongest evidence of this is its correlation with business metrics. The study highlights that increased technology adoption is a clear driver of growth for logistics companies. Instead of waiting to reach a certain size before IT can become affordable, players who push themselves ahead on technology adoption have a clear chance of success.”
The survey pointed out that only 0.26 % is spent on IT by the Logistics ecosystem as against the global standard of 2-3%. It focuses on the reasons behind the low spend and the low levels of IT adoption. The TAIL index goes a step beyond in relating the level of adoption to the business benefits that have been experienced by the Logistics industry.
