The rise of warehousing in tiers ii and iii markets
25 Mar 2021
Warehousing demand is expected to grow around 160% to
reach 35 million square ft. in 2021 according to a recent JLL report. This is
in line with the government’s priority to make India a global manufacturing
hub, which has led to warehousing clusters expanding rapidly beyond Tier I
cities and capitalizing on the potential of Tier II and III cities, where
majority of growth can be witnessed currently and in the near future.
Growing urbanization and e-commerce penetration have
resulted in customers demanding faster and timely fulfilments. In populous and
urban locations, the e-commerce sector is rapidly transforming from a two-day
to a two-hour delivery model for select SKUs. Presently, this is most popular
for grocery/FMCG and other time-sensitive SKUs.
The full article was originally published on Manufacturing Today