The record-high fuel costs in these times have made e comm vendors and logistics players think about their margin while slicing other costs to oblige higher logistics to spend.
The logistic sector is supposed to engage more than 40 million individuals in India and it is on the way to becoming one of the biggest job makings sectors in the country by 2022.
Fuel costs are a critical component of overall logistics costs. In recent months, we have seen a significant and steady rise in fuel costs and this is bound to make goods transport costlier. As per standardized calculations, a 5 per cent fuel price hike leads to a nearly 2 per cent increase in transportation charges.