THE E-COMMERCE BOOM HAS INCREASED THE DEMAND FOR WAREHOUSING INFRA

To increase our revenue by 15 per cent, we are expanding our warehousing network to reach new markets and cater to a broader customer base besides focusing on improving inventory management systems, says Lancy Barboza, Managing Director, Flomic Global Logistics

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What are the key factors contributing to the current growth and development of the supply chain warehousing sector?

The warehousing sector in India is experiencing rapid growth and transformation. The implementation of the Goods and Services Tax (GST) has led to the consolidation of warehousing operations, resulting in larger and more efficient facilities. Additionally, the e-commerce boom and the rise of online retail have increased the demand for warehousing space. The growing middle class and urbanisation have also contributed to the expansion of the warehousing sector. Furthermore, government initiatives like the “Make in India” campaign and the focus on infrastructure development have boosted the logistics and warehousing sector in India.

How has the warehousing industry been influenced by government policies, and to what extent has your company leveraged these policies to its advantage?