Published Paper Details:

ABSTRACT: The role of logistics and supply chain management has been increasing significantly in global commerce. In 2020, the value of the global supply chain management market was about 16 billion USD. The Indian industry spends 14% of its GDP on logistics. The Indian logistics market was estimated to be worth $274 billion. This market was expected to expand to $563 billion by 2030. India has a higher logistics cost as a proportion of GDP by about 14% which is predicted to reach $400 billion in the next three to four years from the current market size of $230 billion which is due to the uneven geographical dispersion of rail, road and sea connectivity within sufficient widespread not suitable for logistics convenience that influence the profitability of the business concerns and finally the GDP of India. Hence, a study has been undertaken with the objectives of understanding the logistics and supply chain ecosystems in India; reviewing the literature on the LSCM activities Abroad and in India; studying the role of logistics and supply chain management in business; and providing conclusions and suggestions. This study is observatory in nature that is based on secondary data, reviewing the existing literature inorder to figure out the research gap and also inferred that future growth narrative is the integration of digital and physical infrastructure. Indian LSCM activities are comparatively costly affairs due poor infrastructure facilities that reduces profitability of the business in India, which has been figured out as a research gap for future studies. Businesses in India need to understand the critical role supply chain management and logistics play as success, efficiency, and long-term growth drivers that is changing quickly and influence business profits significantly.