Warehousing – The next boom sector in investment and employment, R R Padmanabhan, MBA, BL, FCILT. Director Exim Academy, Chennai
Warehousing – The next boom sector in investment and employment - R R Padmanabhan, MBA, BL, FCILT. Director Exim Academy, Chennai. I ordered a football for my grandson through Amazon. I was promised delivery within 4 days. The same order anywhere in Europe would have been fulfilled within 6 hours! That is the logistics efficiency in India. In India, it is estimated the overall logistics cost is about 14% of GDP, which is quite substantial whereas in advanced countries it is less than 8%. That is why, you have a product like football ordered online within 6 hours in Europe. The Logistics value chain consists of three parts, transportation, warehousing and administration. Unless all three parts work in tandem, efficiency in logistics is not possible. The prevalent online shopping pattern denotes that there has been change in people’s buying habits. Many would like to shop at the convenience of their homes. The presence of variety, discounts and returns policy has all contributed to