Who is the top 10 CEO of India?

Here is a list of the top 10 Indian-origin CEOs in the world, along with their
companies:
Shantanu Narayen – CEO of Adobe Systems.
Nikesh Arora – CEO of Palo Alto Networks.
Pawan Munjal – CEO of Hero Motocorp.
Jayshree Ullal – CEO of Arista Networks.
George Kurian – CEO of NetApp.
Laxman Narasimhan – CEO of Starbuck

1 Jeffrey Bezos, Amazon

2 John Martin, Gilead Sciences
3 John Chambers, Cisco Systems
4 David Pyott, Allergan
5 David Simon, Simon Property Group
6 Lars Rebien Sørensen, Novo Nordisk
7 Hugh Grant, Monsanto
8 J. Michael Pearson, Valeant Pharmaceuticals
9 Mark Donegan, Precision Castparts
10 William Doyle, PotashCorp
11 Tadashi Yanai, Fast Retailing
12 David Novak, Yum Brands
13 Michael Wolf, Swedbank
14 Pablo Isla Álvarez de Tejera, Inditex
15 Marc Benioff, Salesforce.com
16 Oscar Gonzalez Rocha, Southern Copper
17 Stephen Wynn, Wynn Resorts
18 James Taiclet Jr., American Tower
19 Elmar Degenhart, Continental
20 George Paz, Express Scripts
21 Tsai Ming-Kai, MediaTek (tie)
21 Paolo Rocca, Tenaris (tie)
23 Reed Hastings, Netflix
24 Ronald Havner Jr., Public Storage
25 Michael Balmuth, Ross Stores
26 Daniel Hajj Aboumrad, América Móvil
27 Debra Cafaro, Ventas
28 James Gallogly, LyondellBasell
29 Christopher Connor, Sherwin-Williams
30 Djalma Bastos de Morais, Cemig
31 Paul Bisaro, Actavis
32 Jon Fredrik Baksaas, Telenor (tie)
32 Renato Alves Vale, CCR (tie)
34 Alexander Cutler, Eaton (tie)
34 Stephen Luczo, Seagate Technology (tie)
36 Gordon Nixon, Royal Bank of Canada
37 Kent Thiry, DaVita
38 H. Lawrence Culp Jr., Danaher
39 Charles Davidson, Noble Energy
40 George Scangos, Biogen Idec
41 Ulf Schneider, Fresenius
42 Dan Dinges, Cabot Oil & Gas
43 Simon Wolfson, Next
44 Michael Ward, CSX
45 Fujio Mitarai, Canon
46 Carlos Alves de Brito, Anheuser-Busch InBev
47 Ed Clark, Toronto-Dominion Bank (tie)
47 Joseph Papa, Perrigo (tie)
49 Philip Pascall, First Quantum
50 John Wren, Omnicom
51 Carol Meyrowitz, TJX
52 Nick Hayek Jr., Swatch
53 John Hammergren, McKesson
54 Howard Schultz, Starbucks (tie)
54 Blake Nordstrom, Nordstrom (tie)
56 Frank Hermance, Ametek
57 Bruce Flatt, Brookfield Asset Management
58 Jeffrey Sprecher, Intercontinental Exchange
59 Wolfgang Reitzle, Linde
60 Robert Iger, Walt Disney
61 Benoît Potier, Air Liquide
62 William Rhodes III, AutoZone
63 Monty Moran, Chipotle Mexican Grill
64 Ajaypal Banga, MasterCard
65 Richard Cousins, Compass Group
66 Terry Lundgren, Macy’s (tie)
66 Benjamin Steinbruch, Companhia Siderúrgica Nacional (tie)
68 Randall Hogan, Pentair
69 Gregory Case, Aon
70 André Desmarais, Power Corporation of Canada (tie)
70 Paul Desmarais Jr., Power Corporation of Canada (tie)
72 Ola Rollén, Hexagon
73 Herbert Hainer, Adidas
74 Lars Rasmussen, Coloplast
75 George Weston, Associated British Foods
76 Mark Parker, Nike
77 David Zaslav, Discovery Communications
78 Ed Heffernan, Alliance Data Systems
79 Peter Rogers, Babcock
80 Gregory Henslee, O’Reilly Automotive
81 Fabrizio Freda, Estée Lauder
82 Scott Saxberg, Crescent Point Energy
83 Tsai Eng-Meng, Want Want China Holdings
84 Eric Wiseman, VF
85 He Guangbei, BOC Hong Kong
86 Gregory Johnson, Franklin Resources (tie)
86 Michael Mussallem, Edwards Lifesciences (tie)
88 Jean-Paul Clozel, Actelion
89 Martin Winterkorn, Volkswagen
90 Kari Henrik Stadigh, Sampo
91 Lars Renström, Alfa Laval
92 Michael Kowalski, Tiffany & Company
93 John Finnegan, Chubb
94 Jacques Aschenbroich, Valeo
95 Jean-Paul Luksic, Antofagasta
96 Edward Matthew Tracy, Sands China
97 Gregory Goodman, Goodman
98 Franck Riboud, Danone
99 Brian Jellison, Roper Industries
100 Willard Oberton, Fastenal
 How to Start a Logistics Business
Ownr Author
By Ownr Team • Read Time: 8 minutes
Updated on: Dec 7, 2023
Logistics is a complex part of a business that many companies, especially the
smaller ones, outsource. Everything from managing inventory to warehousing items
can be done by third-party providers, instead of manufacturers or retailers. The
reason is it cuts costs and, quite frankly, makes their business operations easier.
As eCommerce continues to boom and the barrier to entry remains low, creating a
transportation or logistics business could be your next great idea.

So, whether you’re considering opening up a small local package delivery business
or picturing your future as an international shipping magnet, every logistics
business has to start somewhere. Here’s what you need to know about how to start a
logistics business today.

What is a logistics business?

Logistics companies help their clients move goods from one place to another. Some
cover the entire journey from pick-up to delivery to the end-user, while others
help with part of the process—such as transportation, warehousing, packaging,
shipping, or even disposal.

While the logistics industry might seem like a product of the internet age, the
truth is companies, governments, and individuals have been moving stuff around
since pretty much since the dawn of time. Before it was big shipping rigs and long-
haul truckers, it was railroads, and horse and buggy.

This industry plays a real role in almost everyone’s life. Whether you’re a home
decor dropshipping business or an individual ordering something from Amazon,
logistics is the unsung hero that makes sure things get to where they need to be
quickly and efficiently.

Types of third-party logistics companies

Logistics is a large umbrella term for any service that helps get goods from their
point of origin to the point of consumption (and beyond). These companies plan,
implement, and control the movement and storage of goods and services, on behalf of
their original providers. A single logistics company might handle all aspects of
the supply chain function, or they might simply handle one piece.

Freight carriers or transportation companies

Freight companies are involved in the actual movement of goods from A to B. They
will typically specialize in local, domestic or international movement, depending
on what kind of transportation they provide and goods they service.

Examples of freight companies include:

Trucking companies: Both short and long-haul truckers (and everything in between)
play a big role in getting a product to where it’s going, especially on the first
and last legs of a freight’s journey.
Rail services: Train transportation is the most efficient way to move goods across
land because they can offer fast service and can often move bulk goods at lower
costs.
Ocean freight carriers: Freight movement via the ocean is a popular choice for
lower budgets that can deal with flexible arrival due to the considerable amount of
time it can take for a ship to move across international waters.
Air freight carriers: Air transportation companies can move goods internationally
or domestically. Moving freight through the air is considerably faster than via the
ocean, but it’s often more costly.
Carriers are often third-party logistics providers sub-contracted by freight
forwarders to handle a specific part of a freight’s journey. A single shipment from
Japan could make its way to Canada via ocean liner, get picked up by truck at port
and dropped off at a train station. From there, the railroad can take it swiftly
across the country where it will be collected by another truck to be dropped off at
a retail store.

Even though each of these transportation companies work separately but together to
move goods fast and efficiently, they are often separate companies. This means each
logistics firm specializes in a specific form of transportation.

Freight forwarders
Freight forwarding companies play a more consulting role in the logistics industry.
They don’t get involved in moving goods or services themselves, instead they help
their customers find the most efficient and affordable way to get their products
where they need to be.

Forwarders can also help deal with complex pieces of moving goods like customs and
import/export paperwork, coordinating efficient handling and delivery, and
negotiating lower courier rates. These functions can be handled in-house but are
often contracted to a forwarder because they can handle the process smoother and at
a cheaper cost, even considering their fee.

Warehousing companies
When your goods arrive somewhere but have to wait to be sent somewhere else, they
need a place to stay—like a hotel, but for your goods. Warehousing companies
provide a safe space for goods to wait to be shipped out for the next stage of the
process.

Amazon is a good example of a warehouse provider. While they house their own goods,
they also offer the option for Amazon sellers to ship their goods to Amazon and
have them housed and shipped along with their Prime service. This helps smaller
businesses that don’t have warehouses of their own cut costs.

Distribution management companies

While there are many companies that handle a portion of the distribution process,
distribution management companies handle the entire thing for their clients. From
finding vendors and suppliers, to manufacturing, packaging and shipping goods. It’s
the bigger, more comprehensive version of a freight forwarder.

Every company that makes and sells goods adopts some form of distribution
management strategy to make the process easier and more efficient. But those that
contract to a management company remove that process from their plates and take a
more hands-off approach on the logistics experience.

Logistics technology companies

While a logistics tech company might be a bit more technology-driven than logistics
based in the minds of many, they still serve an important purpose.

Companies in the logistics technology space aim to solve a particular problem that
can ultimately help make the entire process more effective, efficient, and cheaper.
Examples include inventory management, reverse logistics (AKA returns), and
shipping and receiving software.

Why start a logistics business?

Logistics businesses come with a high potential for profitability but to start,
you’ll need a reasonable capital investment. The potential to profit often
outweighs the initial expense. Unlike a game development company where there are
also upfront costs but the likelihood of profit can vary, logistics companies make
money, they simply do.
There is a large prospective client market for the logistics industry, there are
thousands of customers out there—anyone who needs to move goods from A to B could
be on your roster. Plus, the retention rate is high—it can be really expensive to
replace a provider of that magnitude, so as long as the logistics experience is
good and the job is done, you should be able to develop a predictable income stream
from long-term clients.

Most logistics businesses also have a simple business model that’s flexible and
ready-to-scale. You can start with driving a single truck and move your way up to
transportation mogul when you’re ready. Or grow from a one-person package delivery
service to a small fleet of drivers and become a local Amazon Delivery Service
Partner. Because of the variety of business types, the industry has incredibly low
barriers to entry—you just need to define your business model, build a plan, and be
ready to work hard.

Disadvantages of logistics businesses

It’s not all butterflies and rainbows though, and there are a few downsides to
running a logistics business. These types of industries tend to have high employee
turnover, making staffing an issue, along with higher overhead expenses and lower
margins.

There is also a much longer sales time when it comes to developing business. This
means your sales machine really needs to continue to move, even if you have a full
client roster. Finally, security issues, including data and product loss, plague
all modern businesses.

How to launch your logistics business

1. Decide on your logistics niche
The first step to starting a logistics company is picking your niche. There are a
lot of choices out there, so it’s important that you choose the best one for you
based on your skill set, interests, and budget.

Budget is a major consideration in logistics—there is a big difference in the

start-up costs of a trucking company and an ocean freight shipping firm. You could
pay more than a million dollars for a second-hand ocean freight carrier, whereas a
single long-haul truck can be snatched up for $200,000.

Beyond that, you need to determine where you’ll operate. Are you local? National?
International? This will dictate the kinds of licenses and paperwork you’ll need.

With the increased reliance on online shopping, logistics is a popular industry.

But you still need to build yourself a solid business plan before you get started.
Especially if you need to access funds.

The possibilities are nearly endless, but there’s a logistics option for almost any
budget, skills, and interest. Some ideas include:

Owner/operator of a trucking operation: This is a great choice for the budding

entrepreneur who wants to have more autonomy in their working life but isn’t ready
to start a full-fledged firm yet.
Local courier services: Ideal for those interested in labour-focused logistics and
want to remain in a large urban area. You can go for something with lower overhead
costs like a court-running service (delivering paperwork to and from the court) or
go big with a FedEx-style operation.
Freight-forwarding services: If administration, attention to detail, and
negotiation are your strengths, then a business arranging the best deal with the
most efficient service might be for you.
Whether you want to be a single-person corporation or you want to build something
bigger, there’s a solution for you.

2. Get your finances in order

With your plan in place, you need to get your finances in order. You’ll need some
serious budgeting skills or access to someone who can provide them.

The amount of money you’ll need, along with what you can expect to make annually,
will depend on the type of services you plan to provide, and your current
resources. Running a one-man trucking business is very different from becoming a
shipping magnet.

3. Obtain the proper licences

You want to legally operate your business. That means you’ll need licences and a
legal business set-up. You’ll need to think about things like document management,
taxes, and payroll.

The exact things you’ll need to run your business will depend on what niche you’re
in and the jurisdictions you’re operating in. It’s important to point out that
you’ll need to be fully licenced in all the jurisdictions you’re planning to
operate in. That means if you’re providing international services, you need to look
into border crossings and operating in multiple countries.

You’ll also need to figure out whether you want to operate a corporation or as a
sole proprietorship. Considerations like tax benefits and liability need to be
thought about.

4. Create a business plan

Building a solid business plan is an incredibly important part of starting a
business. While there are plenty of businesses that get started without one, going
at it without a roadmap is a great way to get lost.

Don’t overthink your business plan, simple is best. Use planning as an opportunity
to grow your business on paper—decide how you’ll make your money, get clients, and
figure out what kind of help you’ll need.

A business plan is also key if you’re planning to get business funding. Many
logistics companies need a good chunk of change to get off the ground, and your
business plan will help to secure that.

5. Get clients
Marketing is critical to the success of all businesses, everyone needs clients in
some shape or form. But developing a business in the logistics industry can be a
lengthy process—it’s not as simple as throwing some money at Facebook Ads and
waiting for the leads to roll in.

Contracts and partnerships in the logistics and transportation industry tend to be

of high value. This means you need an in with the companies that require those
services and a way to prove you’re the best choice to fulfil their requirements and
meet their budget.

Because this process can be time-consuming and might require face-to-face sales
talks, start sooner rather than later. You can also consider approaching freight
forwarders as potential clients as well.

3 common logistic company start-up mistakes to avoid

Here are three common mistakes you should avoid when starting your logistics
business.

1. Forgetting about neighbouring jurisdictions

When freight gets delivered across a border—interprovincial or international—the
rules and regulations of both jurisdictions must be met. For example, if a truck is
headed from Calgary, Alberta to Mexico City, Mexico, a direct route will mean
travelling across two international borders, and at least 10 different provincial
or state borders.

As the business owner, it’s your responsibility to ensure that everything is

properly licenced and coded so you’re not violating any rules, otherwise you could
find yourself in some legal hot water.

2. Skipping the insurance

No start-up entrepreneur should breeze past the insurance section of the business.
But if you are in transportation and logistics, this big no-no can turn into a
catastrophic mistake if something bad happens.

When you run a transportation and logistic business, you need to think about the
implications of handling someone else’s freight, having drivers on the road, and
even passengers on board. Insurance is important.

3. Not using contracts and waivers

Contracts and waivers are there to protect you and your business, and not using
them is a fast way to harm your business. From unpaid work to unfulfilled promises
and increased liabilities, not having waivers and contracts in place can quickly
cost you a lot of money. Plus, they simply make everything look more professional.

Get starting planning your logistics business today

Is running a logistics business in the cards for you? If you’re ready to jump on
this business opportunity, there’s never really been a better time to step into the
entrepreneurial space (except maybe when they were creating lightbulbs and toasters
for the first time, but that ship has long sailed).

Whether you’re ready to start your life as a supply chain consultant or are itching
to plant the seeds of a local transport business, Ownr can help you take the next
step.

Ownr Author
Written by
Ownr Team
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Things our lawyers want you to know

This article offers general information only, is current as of the date of
publication, and is not intended as legal, financial or other professional advice.
A professional advisor should be consulted regarding your specific situation. While
the information presented is believed to be factual and current, its accuracy is
not guaranteed and it should not be regarded as a complete analysis of the subjects
discussed. All expressions of opinion reflect the judgment of the author(s) as of
the date of publication and are subject to change. No endorsement of any third
parties or their advice, opinions, information, products or services is expressly
given or implied by RBC Ventures Inc. or its affiliates.

Contents
Contents
What is a logistics business?
Types of third-party logistics companies
Freight carriers or transportation companies
Freight forwarders
Warehousing companies
Distribution management companies
Logistics technology companies
Why start a logistics business?
Disadvantages of logistics businesses
How to launch your logistics business
1. Decide on your logistics niche
2. Get your finances in order
3. Obtain the proper licences
4. Create a business plan
5. Get clients
3 common logistic company start-up mistakes to avoid
Get starting planning your logistics business today
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