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The continuously changing demand landscape, as well as the technological advancements that the supply chain is being subjected to, has led to the transformation of a lot of elements in the supply chain. The warehouse being the element that has gained maximum traction, it is stimulating to know what the future holds.

• As the manufacturing sector witnessed an increase in the growth rate annually since the last couple of years, it will lead to growth in the warehousing companies in India as well.
• The warehousing sector has witnessed double-digit growth in the annual leasing activity in 2019.
• Due to the emerging online retail business, huge investments have been received in the past two years and are predicted to grow even further.

The warehousing industry is predicted to take an evolutionary leap in the next 5-8 years. Implementation of GST by the Government has given it yet another thrust. Companies used to build a warehouse in each state to evade taxes. But due to the revised taxing system, Large warehouses are being built at central locations which can serve a number of states using a hub and spoke model. Hence, reducing the number of warehouses and easing the upgradation of technological capabilities. With the sector gaining maturity, there is a lot of predestined for the future of the industry.

• Land acquisition at strategic locations for warehouse expansion will be very crucial in the coming time due to the increasing demand for on-demand warehousing.
• The warehousing space in India is expected to double the current capacity by 2022, which accounts for almost triple the capacity of 2015.
• With the growing demand for warehousing in tier 2 cities, there is a likelihood of investments coming in over the next 4 years, in the Indian warehousing sector.
• There will be a surge in the cold storage infrastructure. And the Pradhan Mantri Kisan Sampada Yojana (PMKSY) will provide it with a push from the government’s end.

There have been massive upgradations and advancements in warehouse technology services and solutions as well with the increase in the use of Robotics, Internet of things, Artificial Intelligence and Machine Learning.

• Predictive maintenance technology will use Sensors and IOT to notify the companies about the need for fixing, maintenance, or upgradation. It can also notify about the failure of any component in advance.
• Augmented reality (AR) and Virtual reality (VR) can minimize the required training and secure the delivery and identification process through facial and object recognition technology.
• Drones and Autonomous Guided Vehicles (AGVs) are being developed to aid the inventory carrying and management. They can read RFID tags and update the information in the ERP system.
• Robotics coupled with Machine Learning is expected to master skills like sensing and affinity, which can lead to human-like interaction with the surroundings.
• Blockchain will play an essential role in achieving better connectivity, security, and transparency at every level, through the distributed ledger technology.
• Advanced analytics shall help with the forecasting, inventory location planning, risk reduction and better decision making.

We, at Chowgule Brothers, have always been proactive in adapting with the latest technology trends and inculcating it with our services to transfer its advantages to our clients. A vast range of services that we provide can give thrust to your business.