4 August 2017 – The supply chain sector represents billions of dollars in enterprise revenue. It is estimated that India spends 13% of its GDP on logistics, third only to China and Thailand and 3% more than the United States. The size of the Indian warehousing industry (a major component of the complete Supply Chain function) is currently estimated at USD 11 billion and is growing at over 10% annually.
But, despite its size and importance, it is fraught with losses and inefficiencies resulting from inter-state policies, transportation infrastructure and massive manual paperwork delays. Although warehouses are becoming smarter and quite technological advanced, the overall supply chain function still suffers from various inefficiencies owing to legacy processes.