{"id":2605,"date":"2020-05-27T11:33:15","date_gmt":"2020-05-27T11:33:15","guid":{"rendered":"https:\/\/www.remi.edu.in\/blog\/?p=2605"},"modified":"2020-06-02T12:58:05","modified_gmt":"2020-06-02T12:58:05","slug":"warehousing-industrial-and-logistics-wil-emerging-industry-leader","status":"publish","type":"post","link":"https:\/\/uat.remiol.com\/blog\/warehousing-industrial-and-logistics-wil-emerging-industry-leader\/","title":{"rendered":"Warehousing, Industrial and Logistics (WIL) &#8211; Emerging Industry Leader"},"content":{"rendered":"\n<figure class=\"wp-block-pullquote\" style=\"color:#4f4e4e\"><blockquote><p>Sachin Garg <\/p><cite> ASQ Deputy Regional Director \u2013 Geographic Communities <\/cite><\/blockquote><\/figure>\n\n\n\n<p class=\"has-drop-cap\">Warehousing, Industrial &amp; Logistics (WIL) is the sunrise sector and attracting private equity players across the world to invest in India, given economical, technological and regulatory reforms that have taken place in last 3-4 years.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Logistic sector contributes 13-17% to India&#8217;s GDP and 25% of logistic cost is warehousing cost. <strong>Warehousing investment alone accounted for 26% of total private equity investments in real estate sector<\/strong> for around USD 3.4 billion of institutional capital.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Unlike India, all major developed economies have an average 7-8% logistics to GDP cost ratio, presenting a quality improvement opportunity for WIL providers. As a major step towards developing WIL sector, GST and industrial corridor developments have already reduced transport time and logistic cost.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>As per Dr. Juran&#8217;s &#8216;fitness for use&#8217; <\/strong>definition of quality, quality or customer delight is a combination of offering right product\/service features (right location, space, quality construction and customizations facility) for market share and revenue generation and defect free operations (faster land acquisition, faster sales, low maintenance cost, zero billing errors, faster and simplified handovers) to optimize operating cost.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Warehousing demand is largely dominated by third party logistics companies, e-commerce, manufacturing and retail sector companies and with reduced travel time &amp; cost, these sectors have been able to consolidate and operate from larger warehouses, leading to 25% reduction in inventory level and over 30% increase in inventory turnover, thus improving profitability. Understanding these sectors and their customer demand drivers would be essential for warehousing providers to identify right locations, space requirements &amp; value-added services required for a long term relationship.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-cover has-background-dim\" style=\"background-image:url(https:\/\/www.remi.edu.in\/blog\/wp-content\/uploads\/sites\/2\/2020\/05\/guillaume-bolduc-uBe2mknURG4-unsplash.jpg)\"><div class=\"wp-block-cover__inner-container\">\n<p style=\"text-align:center\" class=\"has-medium-font-size\"> <strong>Grade A warehousing rentals are 10-15% expensive than Grade B<\/strong> and is preferred in Delhi NH8, Bangalore and Pune markets by 3PL, E-Commerce and Automobile companies.  <\/p>\n<\/div><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Grade A quality warehouses help reduce maintenance cost, provide conducive working conditions and build scale as and when required.&nbsp;Hence faster construction, customization and response time are essential to create consistent customer experience and higher renewal rate.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 style=\"color: #4f4e4e\">On technology side:<\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Artificial Intelligence and Internet of Things will enable real time management of supply chain operations and supply chain networks will be optimized using big data analytics. IoT offerings would further aid the sector by developing smart parks, providing real time monitoring and management of supply chain operations.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Asia Pacific e-commerce sales are projected to increase by a CAGR of 23.4% between 2018 and 2022, rising from US$1,798 billion to US$ 4,168 billion, in the process generating robust demand for new logistics space. Likewise, under Make in India, share of manufacturing to GDP would increase to 25% by 2025 from current 16% and hence as per estimates, warehousing space in India is expected to grow between 33% &#8211; 35% until 2020.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>With increased demand and competitive rivalry in warehousing sector, organizations are expected to improve quality standards, create customer delight, improve and innovate product and processes, benchmark for industry first practices and ultimately achieve business excellence to emerge as industry leaders.<\/p>\n\n\n\n<pre class=\"wp-block-verse\"> Source: Industry Reports<br> Note: These are author's personal views about warehousing sector. <\/pre>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-media-text alignwide\"><figure class=\"wp-block-media-text__media\"><img decoding=\"async\" loading=\"lazy\" width=\"640\" height=\"622\" src=\"https:\/\/www.remi.edu.in\/blog\/wp-content\/uploads\/sites\/2\/2020\/05\/Sachin-Garg.jpg\" alt=\"\" class=\"wp-image-2625\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"has-large-font-size\">Sachin Garg<\/p>\n\n\n\n<p>ASQ Deputy\nRegional Director \u2013 Geographic Communities<\/p>\n<\/div><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Sachin Garg is a Senior Management Executive with\nsignificant experience of leading strategic planning and delivering verifiable\ncustomer experience improvement, cost reduction, revenue enhancement and brand\nrecognition at national and international level. He has established and led\nstrategy &amp; business excellence departments in companies\u2019 part of Tata\nGroup, Max India Group, InterGlobe and HCL Technologies.<\/p>\n\n\n\n<p>In his last assignment, he worked with Tata Group as Head\n\u2013 Strategy &amp; Business Excellence for their real estate and infrastructure\ncompany, Tata Housing Development Co. Ltd., as a part of Management Council. In\nhis previous role as Vice President \u2013 Quality, Innovation and Business\nExcellence, Sachin facilitated life insurance, health insurance, healthcare,\nclinical research and manufacturing organizations at Max India Group.<\/p>\n\n\n\n<p>Sachin has completed his Masters in Total Quality\nManagement and Senior Management Program from IIM Calcutta. He is a certified\nLean Six Sigma Master Black Belt, Project Management Professional, Certified\nManager of Quality\/Business Excellence, and Gold Certified Innovation and\nBenchmarking expert.<\/p>\n\n\n\n<!--more Continue reading-->\n\n\n\n<p>He has trained 30 Black Belts, 300 Green Belts and 500 Quality improvement managers across various organizations and received major national and international recognitions for his companies and clients. He holds the distinction of being the only person from India for both judging and receiving ASQ International Team Excellence Awards (ITEA) and have received international best practice recognition for improving customer experience and building a culture of quality &amp; innovation.<\/p>\n\n\n\n<p>He promotes quality and business excellence through his\nboard member positions in the National Accreditation Board for Certification\nBodies (NABCB), Indian Merchant Chambers (IMC) and ASQ Quality Management\nDivision, as India Executive Director. He received World Quality Leadership\nAward 2015 to recognize his efforts in building quality journey across three\ndifferent companies.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><p style=\"color:#515151\"><strong>REMI ONLINE LEARNING\nCIRCLE<\/strong><\/p><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Learn and upgrade\nyour real estate skills, at your convenience, with REMI\u2019s Real Estate Online\nPrograms. This real estate online platform consists of multiple theme-based\ncourses that cover real estate technical, business and entrepreneurial skills.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-button alignleft is-style-default\"><a class=\"wp-block-button__link has-background has-luminous-vivid-amber-background-color\" href=\"https:\/\/www.remi.edu.in\/remi-online-program\/\">Learn More<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sachin Garg ASQ Deputy Regional Director \u2013 Geographic Communities Warehousing, Industrial &amp; Logistics (WIL) is the sunrise sector and attracting private equity players across the world to invest in India, given economical, technological and regulatory reforms that have taken place [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2604,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[42,2],"tags":[33,32,28,34],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/posts\/2605"}],"collection":[{"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/comments?post=2605"}],"version-history":[{"count":29,"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/posts\/2605\/revisions"}],"predecessor-version":[{"id":2640,"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/posts\/2605\/revisions\/2640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/media\/2604"}],"wp:attachment":[{"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/media?parent=2605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/categories?post=2605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/tags?post=2605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}