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 […]

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 […]