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With manufacturing as the key pillar in the supply chain, it is also responsible for driving the warehousing industry. With manufacturing as the key pillar in the supply chain, it is also responsible for driving the warehousing industry. Warehousing and logistics are crucial factors for companies to gain a competitive edge. With the advent of modern manufacturing, which combines smart and effective products with advanced and innovative technologies, the very definition of warehousing and logistics has evolved to a much larger and integral concept. With the projected growth in the Indian economy and altering business perspectives, the logistics and manufacturing sectors have moved beyond the rudimentary transportation of trade goods in the supply chain. The solutions include an about-face in the utilisation of warehousing to drive business profits. The dynamic shift between manufacturing and warehousing Warehousing has evolved in its role in the active supply chain. The volume of the entire warehouse sector has been pegged at a value of USD 7.8 billion with the exponential growth of 10 per cent annually. With manufacturing as the key pillar in the supply chain, it is also responsible for driving the warehousing industry. According to a report released by Knight Frank, in FY19 alone there has been a spike of 77 per cent in warehouse leasing. Businesses are now taking yet another strategic step to drive profits through leasing warehouses to store the goods, thereby contributing to a major shift in the manufacturing leg of the supply chain. Customised Warehousing Warehousing has been utilized by manufacturing companies to manage their inventory and storage needs since its inception successfully. In the current supply chain and retail scenario, warehouses utilization isn’t limited to being ‘just a traditional storage room.’ Warehouses today have evolved and double up as kitting and assembly hubs, contributing significantly […]
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