Representational photograph
| Photo Credit: GIRI KVS
Logistics actions and demand for warehousing have seen a big spike within the months of September, October and till the primary week of November to help the hovering festive season shopping volumes within the nation.
Market observers mentioned the logistics and warehousing phase reported a 50-60% improve in site visitors and storage volumes on this festive interval in contrast with the identical time final 12 months. Merchandise segments, too, grew considerably and a few classes grew even 100% over final 12 months, they added.
“As the festive season unfolded, the demand for warehousing solutions was reaching unprecedented levels, with sectors such as e-commerce, FMCD, and CDE significantly ramping up their inventory to meet the peak-season demand,” mentioned Manikandan Ramachandran, COO, TVS ILP (TVS Industrial & Logistics Parks), a warehousing and logistics options enterprise arm of the TVS Mobility Group.
The comfort of on-line shopping and the unique offers have a big affect on shifting client behaviour particularly throughout the festive season, which clearly results in excessive quantity logistics site visitors, noticed Kami Viswanathan, President of FedEx Express Middle East, Indian subcontinent, and Africa.
“Shoppers have high expectations for timely deliveries and want to know the status of their shipments end to end. To address this we are innovating to harness the power of data to create a more intelligent and resilient FedEx network, offering new possibilities for our customers,” she added.
According to Ishaan Gupta, Joint Managing Director, Gateway Distriparks, a part of Snowman Logistics, buyer segments which might be seeing excessive demand embrace confectionary, dairy (particularly for butter and ghee), and HORECA (lodges, eating places, cafés), notably fast service eating places (QSR).
Although festive peak months begin from October, the preparations sometimes start as early as July and proceed by way of January to cowl 12 months finish and new 12 months gifting.
“The volumes have been significantly high this season and the warehousing industry has been playing a pivotal role in ensuring adequate inventory to ensure timely last-mile delivery,” he added.
This festive season, with client demand hovering, Apollo Supply Chain, the logistics arm of Apollo Group, is poised to fulfil logistics necessities for the important thing industries of automotive, electronics, and e-commerce, mentioned Akshat Pushp, Head – 3PL, Strategy and Digital Transformation at Apollo Supply Chain.
“Anticipating a sales growth of more than 50% in the electronics sector and a significant surge ranging from 70-100% in automotive sales during this festive season, we are prepared to proactively address the rising demand,” he added.
With the rising demand, clients have been increasing their house necessities, particularly within the burgeoning Tier-2 and Tier-3 cities, witnessing a 25% improve in contrast with earlier years, in keeping with Mr. Ramachandran. “This year, we have observed a notable surge in demand from Tier-2 and Tier-3 markets, including cities like Madurai, Cuttack, Coimbatore and Vijayawada,” he additional mentioned.
The logistics and warehousing requirement is anticipated to extend additional because the Indian e-commerce business is rising considerably and is anticipated to overhaul the U.S. to change into the second-largest e-commerce market on the earth by 2034 as per India Brand Equity Foundation.
