Warehousing & logistics sector to grow at 35% in 2021: Report
The warehousing and logistics asset class could be among the fastest to recover from the coronavirus crisis, a report says, citing an expected increase in domestic demand and possibility of global firms shifting manufacturing to India to de-risk supply chains as reasons. The Welspun One Logistics Parks (WOLP) report estimates that the warehousing and logistics […]
Logistics sector to add 1.49 lakh new jobs in April-September this fiscal
Mumbai: The logistics sector is likely to add 1.49 lakh new jobs in the April-September period of this financial year mainly triggered by the growing online seller base in smaller cities, according to a report. The TeamLease Services biannual ‘Employment Outlook’ report for the April-September 2019-20 estimated that the logistic sector will witness a growth […]
Increased throughput time, manpower shortage hit goods movement
Warehousing, supply chain and logistics players are witnessing an increase in throughput time and longer waiting time for trucks, as manpower shortage continues to persist. Moreover, with demand recovery still slow, transporters have raised concerns over a number of vehicles — trucks — going off roads, as they fail to clear EMIs once the mandated […]
Logistics sector inches back to normalcy; return to total normal expected in a few months
As the nation inches towards ‘Unlock 3.0’ the logistics segment has observed around 75 per cent normalcy and is moving towards pre-lockdown levels. There are hopes that it will be normal in the next couple of months. Even during the lockdown, the roadways and the railways had been less affected when compared to the airways […]
Index to measure logistics costs of key export sectors on the cards
NEW DELHI: India will soon have its own index to estimate the costs of logistics in its top nine export sectors including agriculture, leather, apparel and, gems and jewellery. The department of commerce has begun an exercise to develop sector-specific indices to estimate the logistics costs and bring them down to 10% of the gross […]
Coronavirus strikes a deadly blow at logistics industry
The deadliest pandemic to hit the world in decades has wrought havoc on the logistics industry, with experts predicting that it will trigger a complete collapse of various sub-sectors if it lingers for long, perhaps even overhauling the way the industry operates. “The logistics sector as we know it will get completely redefined at a […]
