The demand for regulatory compliance, security and quality assurance has increased the demand for modern warehousing where organised players have an essential role. Technology adoption in warehousing is deemed as an imperative for efficient business processes.
India ranked 44th out of 167 countries in the World Bank's Logistics Performance Index (LPI) and second in the 2018 Agility Emerging Markets Logistics Index. The reason being the overall logistics costs in India that accounts for 13 to17 percent of the Gross Domestic Product (GDP), which is nearly double (6-9 percent) the logistics cost to GDP ratio in developed countries such as the US, Hong Kong and France.
Warehousing is one of the key enablers in supply chain solutions and is the fulcrum for procurement, manufacturing and distribution services which collectively contributes to robust supply chain services. The demand for modern warehousing has increased, and so has its lease period.
PV Sheshadri, CEO, Future Supply Chain Solutions Ltd(FSC), observed, “The supply chain industry is at an inflection point where we will see the demand for good warehousing infrastructure gaining prominence for the next three to four years and this demand needs to be fulfilled with high-quality Grade A warehouses. These modern warehouses are insulated, ventilated and climate-proof with round the clock surveillance and standard quality and safety procedures.”
The warehousing space is expected to undergo a big transformation with the help of advanced technologies that will significantly change the way products are received, stored, and shipped.
Sheshadri commented, “Though a large part of warehousing operations are still manual, some of the latest technologies including cloud software, drones, Internet of Things (IoT) and wearable devices are gaining popularity, thus transforming the world of the supply chain. Trends are heading towards adopting the latest technological advancements, such as Artificial Intelligence, Digitisation of Supply Chain, IoT and Blockchain, Robots & Drones that fasten the process of warehousing automation.”
Automation adoption There is not as much automation in India because the labour in India is a lot cheaper. Viral Shah, executive director, V-Trans India Ltd, observed, “Automated management has only been implemented in 20 percent of the world’s warehouses.”
V-Logis, the warehousing solutions division of V-Trans, offers Warehouse Management System(WMS) for being connected to the goods in the warehouse, inventory management, integrated transport facilities, reverse logistics, in addition to value-added services for logistics cost optimisation.
Shah stated the manually run warehouse processes resulted in shipping delays, wrong product dispatch and additional costs. However, technology has changed how things are done in different industries.
The benefits of automation have to outweigh the costs before customers agree to go for it. For example, an autonomous vehicle like a forklift with a sensor that reads bar-codes when it goes across in the warehouse aisle can cover the entire inventory counting in two days instead of one month for just A-class items. This could reduce the dedicated manpower employed for just inventory processes, which can offset the cost of investing in this technology.
Amine Soufiani, MD & CEO, FM Logistic India, said, “I see a very positive trend in automation adoption for warehousing business in India. Earlier, low-cost warehouse options were most favoured due to multiple State and Central level taxes, which limited the focus on automation and higher throughput.”
Continue reading your story on the app
Continue reading your story in the magazine
Why Is Everyone Afraid To Share Data? GPLS Finds
At the third Global Pharma Logistics Summit 2019 organised by Indian Transport & Logistics News, panelists discussed technological advancements, creation of data, the existence of trust deficit in sharing data, need for educating and building a skilled workforce for better handling of pharma cargo.
Toxic Slowdown In Auto Sector, EVs To Disrupt The Market
When festive season sales failed to cheer the auto industry, logistics providers have taken it as an opportunity to utilise this period to create value by streamlining their operations. With the Indian government's ambitious plans of shifting the focus to electric vehicles by 2023, logistics providers are upgrading their capabilities to handle the complex auto parts and developing technology to track the entire supply chain journey.
Looking Beyond IMO's Global Sulphur Cap
The IMO's move to introduce a 'global sulphur cap' presents a significant regulatory move aimed at reducing greenhouse emissions and making shipping more environmentally responsible and friendly. We probe how shipping lines are preparing for the big move and the alternatives like LNG, hydrogen, and LEO, a blend of lignin and ethanol.
By 2020 Our Target Will Be 50 Percent Revenue From Exports
Since 1996 Gandhi Automations has been a leader in manufacturing as well as exporting, distributing and installing entrance automation systems and loading bay equipment that are problem free and easy to operate. The company specialises in designing, manufacturing and installing customised products conforming to the highest safety standards complemented with reliability and energy efficiency. Samir Gandhi, Managing Director and Chief Executive Officer, Gandhi Automations, speaks to Indian Transport and Logistics News, about manufacturing, exports, market share and potential growth in this sector over the coming years.
Connecting India With Multi-Modal Logistics
Today, logistics cost in India accounts for 13-17 percent of the Gross Domestic Product (GDP) which is nearly double (6-9 percent) the logistics cost to GDP ratio in developed countries such as the US, Hong Kong and France. Much of these escalating costs are due to the absence of efficient intermodal and multimodal transport systems. But with the government giving infrastructure status to the logistics sector, development of multimodal transport networks and initiatives to set up industrial corridors and logistics parks, a massive transformation of the country’s logistics landscape is underway.
Reinventing Global Trade Using Blockchain
It is claimed that blockchain could boost global trade by $1 Trillion in 10 years. Discover how Port of Rotterdam is embracing this technology to strengthen its smart logistics and maritime hub.
Machine Protection Doors: Protecting People And Enhancing Productivity
Machine protection doors are found in many areas of industrial production - they are required to meet stringent safety requirements.
Freightbro Elite- Deliver An Exceptional Freight Forwarding Experience
Freight forwarding has largely remained an industry dictated by inefficiencies due to traditional mandates of conducting business.
Driving Into A World Of Opportunities India Auto Show
India Auto Show, organised by NESCO Exhibitions, will be held from October 3-5 at Hall 8 of Bombay Exhibition Center in Mumbai.
Digitising Freight Forwarding For A Seamless Supply Chain
FreightBro, a digital platform for freight forwarders and Journal of Commerce (JOC.com), a portal for news about container shipping & logistics have organised the latter's first ‘India Logistics Technology Summit’ on August 22 in Navi Mumbai.
Ryzen 5000 failure rates: We reality‑check the claims
Problems with bad Ryzen chips may be overblown.
Microsoft Surface Pro 7+ : A giant leap in graphics performance
It’s the most potent upgrade the Surface Pro line has offered in years.
DIANA DEATH FLICK IS ULTIMATE REVENGE!
Palace terrified Hollywood's royal power couple will bankroll project
How to create strong, secure passwords by learning how to crack them
It gets harder to crack a password if it’s 10 characters or longer—but complexity matters too, of course.
TIM OD'S ON GYM!
Stays sober by getting ripped
CorelDraw Graphics Suite 2021 makes life easier for artists working remotely
CorelDraw Graphics Suite 2021 is here with new features for remote work.
MORMON CHURCH SUED FOR $100 BILLION CHARITY SCAM!
Outraged member charges donations used to build insurance & property empire
HOW GOOGLE COULD TURN ANDROID INTO JUST ANOTHER SUBSCRIPTION
WITH A SMALL CHANGE TO PHOTOS, GOOGLE COULD BE UPENDING THE WAY WE THINK ABOUT ANDROID UPDATES.
DANNY MASTERSON: THEY'RE AFTER ME!
DESPERATE Danny Masterson and his lawyers believe they are victims of anti-Scientology bias and cannot get a fair trial in his Los Angeles rape case, according to sources close to the scandal-scarred actor!
HOW FRAME WORK PLANS TO BREAK THE CURSE OF UPGRADEABLE LAPTOPS
THIS SMALL STARTUP THINKS IT CAN PULL OFF SOMETHING NO PC MAKER HAS EVER ACHIEVED.