Transportation and Logistics
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

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