Warehouses in india have gradually transitioned from being just godowns for storage to ulta-modern, state-of-the-art facilities. What is now revolutionizing the warehousing experience is the advanced level of automation as robotics, artificial intelligence and internet of things propel warehouse communication for quicker deliveries.
India is emerging as one of the world’s leading consumer markets. It expects to sustain strong growth over the coming years and strives to become one of the top three economies in the world, with the logistics sector playing a critical role in supporting this growth.
Warehousing in India has undergone a sea change over the years. Traditional brick godowns” that were simple four walled sheds with no ventilation and lighting, lack of racking systems or inventory management are now replaced by ultra-modern warehouses equipped with robots.
Today, manufacturers, e-commerce giants, retail and logistics players are embracing warehouse automation as it improves efficiency and of course reduces human labour and cut down supply chain wastes. Furthermore, the emergence of industrial hubs and a uniform tax structure, Goods and Services Tax (GST) has also been a push in the right direction.
Independent global property consultancy Knight Frank recently released the third edition of its flagship India Warehousing Market Report 2018. The report revealed that leasing transactions in the warehousing sector across key Indian markets burgeoned to 25.7 million sq. ft in 2017, recording 85 percent spike year-on-year.
Balbirsingh Khalsa, national director – industrial and asset services, Knight Frank India said “Post GST there has been a spike in demand by almost 100 percent as companies who were till now in a wait and watch mode have now got into execution mode. For the first time we are witnessing consolidation and expansion of warehousing space. This increase in demand from sectors like e-commerce, 3PLs, consumer durables, FMCG and manufacturing to name a few coupled with a requirement for larger sized warehouses has opened up the field for more and more organised players which has led to a demand. We expect the trend to continue and get better in the days to come.”
This story is from the May - June 2018 edition of Indian Transport & Logistics News.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May - June 2018 edition of Indian Transport & Logistics News.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
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.
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.
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.
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.