India Warehousing Market Enhancement and Growth Rate Analysis By 2023
A warehouse consolidates products from multiple sourcing locations, provides cross-docking facilities to retail distributors, acts as a sorting center for customer deliveries, and an assembly facility for final packaging and bundling of products. Modern warehouses in India provides value-added services such as consolidation and breaking up of cargo, packaging, labelling, barcoding and reverse logistics along with storing facilities. The different types of warehouses are: fulfilment centres, distribution centres, return centres and showrooms. Based on the type of infrastructure, the Indian warehousing market is categorized into three types, namely lower stratum, middle stratum and higher stratum. Technological advancements such as the use of Internet of things (IoT), cloud computing, big data analytics, robotics and automation, advanced imagers, and mobile thermal printers are revamping the warehousing market scenario in India. Several government initiatives such as the ‘Make...