How digital supply chains unlock immense possibilities for MSMEs

The growth engines of India’s economy are micro, small, and medium-sized enterprises MSMEs. The majority of these enterprises are traditional or unstructured and have limited access to credit and limited room to grow. There is an urgent need for MSMEs to adopt a digital-first approach as doing so will help them reap benefits immediately and prepare them for the uncertainties of the future. To ensure these small and conventional enterprises continue to drive the nation’s economy towards greater prosperity, digitization of the supply chain is of paramount importance.

According to some of the world’s leading institutions, India may become the world’s third largest economy as early as 2030. The Indian growth story is irrefutable; however, it faces headwinds including from a logistics sector which – when benchmarked against global standards – is grossly inefficient. This scenario is poised to change as the Indian Government is setting its sights on improving inefficient supply chain networks to bolster economic growth in India.

Read More At The Times Of India