Automation: The Impetus Behind the Indian Warehousing Boom and Unprecedented Growth
Over the last few decades, India’s robust logistics, manufacturing and warehousing industry has been one of the stronger pillars of the economy, connecting trade and sectors. Fuelled by a surge in e-commerce, India’s warehouse sector is estimated to grow to $34.99 billion by 2027, a leap of 15.64% from 2022[1]. With complicated supply chains, the increasing demand for rapid delivery and rising costs, India’s warehousing sector needs efficient solutions. Government initiatives like PM Gati Shakti and the National Logistics Policy address problems by calling for the integration of technology and digitisation. Automation is emerging as the cure for these concerns and as a way to capitalise on the growth of the sector. Continue reading to understand the role automation can play in the unprecedented boom of India’s warehousing sector and manufacturing in India.
How is Automation Supporting India’s Growing Warehousing Sector?
As far as warehouse spaces are concerned, automation is likely to provide the momentum needed to increase the efficiency and accuracy of existing systems. It is also expected to improve working conditions for employees and make better use of human resources. Existing systems are being upgraded with newer technology to expedite operations and boost manufacturing productivity. Automation is also becoming an appealing option for logistics companies and businesses because it also helps reduce labour costs, minimises errors, helps effective management of inventory and improves cost-efficiency.
Warehouse automation, in tandem with supply chain management, can help optimise logistics across sectors and streamline overall distribution. Today, automation technology like ASRs (Automatic Speech Recognition) and AGVs (Automatic Guided Vehicle) will transform logistics warehouse management & operations by taking over tedious and time-consuming tasks like storage, retrieval and transportation. Meanwhile, WMS (Warehouse Management Systems) and WCS (Warehouse Control Systems) are crucial for businesses aiming for improved inventory management, order fulfilment and real-time tracking and monitoring of SKUs.
Another facet of warehouse automation falls under the supply chain management pillar. Supply chain management is integral to creating a seamless flow from suppliers to customers. The entire process involves supplier management, strategies for inventory mobility, order fulfilment and logistics management. Technology like ERP (Enterprise Resource Planning) and analytical tools can help simplify decision-making and improve optimisation. Automatised planning, integrated logistics and data gathering can help businesses increase efficiency, cut costs and increase customer satisfaction.
Here are a few ways in which automation has the power to streamline operations:
- Smart Conveyor Systems that make transferring and mobilising SKUs easy and quick.
- Automated Put away and Picking solutions that streamline warehousing and storage, inventory management and order fulfilment with increased accuracy.
- Order Fulfilment Automation that ensures clients receive goods and services on time and enjoy greater satisfaction.
- Sortation Systems to help increase throughput and efficiency.
- Robotics and cutting-edge technology to improve speed and accuracy, reducing errors and laborious tasks.
- AGVs to help make optimal use of storage space and streamline material flow for faster processing of orders.
Additionally, AI (Artificial Intelligence), IoT (Internet of Things) and blockchain have also served as catalysts for a paradigm shift in logistics warehouse automation and manufacturing in India. AI provides predictive analytics to improve inventory management and simplify complex tasks. While IoT helps with inventory management and real-time data collection, blockchain has made automation transparent and traceable, fostering trust.
Automation has also generated exciting career opportunities for professionals across technical, managerial, analytics and innovative fields. A host of professionals come together to ensure that warehouse automation functions as it should, allowing for career growth and advancement while staying abreast of technological integration.
Automation provides solutions that can help the warehousing sector in India grow even further and allows for organised retail growth and SKU expansion in alignment with evolving consumption patterns. If automated Grade A warehouses are the future of India’s economy, Lodha is already there, right now for logistics companies and warehousing businesses in India. At Lodha, we believe in staying ahead of the curve and have anticipated the need for world-class warehouses with built-to-suit solutions, plug-and-play features and space for automation. Lodha Industrial and Logistics Parks (LILP) at Kurla and Palava are designed to help businesses integrate technology to suit their needs and streamline operations to the nth degree.
While Lodha Industrial and Logistics Park, Palava allows businesses to meet their bulk warehousing needs and streamline logistics, Lodha Logistics Park, Kurla is designed for seamless in-city distribution, warehousing and last-mile delivery for quick delivery service, food delivery company, third-party logistics service provide, etc. for in-city warehousing solutions in Mumbai.
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Lodha, India’s leading real estate developer, is creating top logistics parks in India and best-in-class warehousing solutions that cater to the evolving needs of modern businesses. With a focus on supply chain optimisation, warehouse management and logistics integration, Lodha delivers plug-and-play solutions designed for seamless operations and provides built-to-suit warehousing solutions for your tailored needs. Our warehousing spaces are equipped with the best features of industrial park cutting-edge automation technology, ensuring enhanced inventory management, reduced operational costs and faster turnaround times for businesses.
Invest in LILP Kurla and Palava and move towards a brighter future.