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Logistics and warehousing play an indispensable role in the transportation of goods across the country. Warehouse - a fundamental part of business infrastructure and one of the key enablers in the supply chain - is the pivot for procurement, manufacturing and distribution services which collectively build robust economies.
According to Research and Markets, IndiaÃ¢â‚¬â„¢s warehousing market, estimated at $ 12.2 billion in 2020, is expected to reach $19.5 billion by 2025. Warehousing, which approximately accounts for 25% of the logistics cost, is witnessing various evolutionary changes in India due to factors like GST, rise in E-commerce, governmentÃ¢â‚¬â„¢s policy push to increase manufacturing, etc.
State-of-the-art warehouses are critical for the success of manufacturing companies to improve business productivity. With e-commerce witnessing phenomenal growth in the recent years, warehouses are getting busier by the day. The e-commerce boom has created a strong demand for modern warehouse facilities and logistics companies are turning to technology to build the next-generation storage spaces that can cater to this industry.
The Virtual Roundtable will broadly discuss the following points:
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