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Mining logistics face a typical requirement of complete, real-time visibility on the trail, of whether you are transporting the mined-out ore or the equipment that juggles with multi-modal logistics solutions to ensure that they reach the final consumption point, timely and safely. Digital transformation of the logistics value chain promises far-reaching payoffs for miners with leaner and smarter logistics for seamless delivery.
India's logistics cost as a percentage of its GDP is 14%, against 10% in America and Japan, and 11% for the European Union. The expense of moving steel in India is 2.3 times more than that in China. The Economic Survey of 2017-18 stated that a 10% reduction in indirect logistics costs might result in export growth of 5 to 8%. From extraction to delivery, mining firms serve different transportation modes, with the need for specialized equipment and expertise. However, this increases the risk of over-dependency on a few carriers and a lack of real-time visibility of different stages of the mine value chain. Digital transformation of the logistics value chain promises far-reaching payoffs for miners with leaner and smarter logistics for seamless delivery. DLMS is one such solution that offers end-to-end automation and can provide new possibilities in the mining value chain. To know more you can read the case study on the implementation of DLMS in JSW Odisha.