Reduce fuel, electricity, steel, cement, labour costs

Sunil Nair, CEO, Snowman Logistics shares his expectations from the upcoming budget 2023-2024 and says “In 2023, the logistics industry will go through a restructuring of the distribution network that will drive a lot of changes, both for big and small organizations, majorly driven by the National Logistics Policy. The rising input costs of fuel, electricity, steel, cement, and labour are major challenges for the sector, making operations costlier. This needs to be fixed otherwise cold chain companies will be impacted the most. The year is expected to bring in technology upgrades to make things efficient in the long term.”