India’s logistics sector has been the backbone for multiple industries, supporting the weight of large-scale businesses and keeping the economy on its feet. Back in 2019, long before the pandemic disrupted the world, India’s logistics sector was on the threshold of transformation. The sector was projected to grow at over 10% CAGR in the next five years to reach $320 billion. In the last two years, a boom in the e-commerce sector, digitization, tech-enabled processes have triggered tectonic shifts in how the logistics sector operates.

When we drew the curtains on 2020, most of the world believed that worst of the pandemic was over. Yet, stepping into 2021, business leaders and the global workforce kept their optimism in check and treaded cautiously towards the new normal. And as we know, they were not wrong in doing so.

The tenure of the CFO of a start-up we consult for was due to get over after three years with his contract renewal in February 2021. Given his stellar performance so far and assuming a three-year leeway to work with, the founders had plans for the finance second-in-command to seamlessly fill in the position when the time arrived – at least 3 years later. Everything looked well planned and on track for the next round of funding.