Logistics and warehousing play an indispensable role in the transportation of goods across the country. Warehouse – a fundamental part of business infrastructure and one of the key enablers in the supply chain – is the pivot for procurement, manufacturing and distribution services which collectively build robust economies. According to Research and Markets, India’s warehousing market, estimated at $ 12.2 billion in 2020, is expected to reach $19.5 billion by 2025. Warehousing, which approximately accounts for 25% of the logistics cost, is witnessing various evolutionary changes in India due to factors like GST, rise in E- commerce, government’s policy push to increase manufacturing, etc.
State-of-the-art warehouses are critical for the success of manufacturing companies to improve business productivity. With e-commerce witnessing phenomenal growth in the recent years, warehouses are getting busier by the day. The e-commerce boom has created a strong demand for modern warehouse facilities and logistics companies are turning to technology to build the next-generation storage spaces that can cater to this industry.
This Virtual Roundtable will highlight the importance of efficient warehouses for ensuring quick shipments and customer satisfaction, and will discuss “How to efficiently utilise space and resources with latest technology in modern warehouses”.
The Virtual Roundtable will broadly discuss the following points:
- Present status of warehouses in India
- Factors driving demand for modern warehouses
- Effect of rise in E-commerce on warehouse operations
- Tips to effectively use space and resources in warehouse
- Emerging trends in warehousing
- Importance of latest technologies in improving efficiency in warehouses