Warehouse management is an extremely crucial function of supply chain and has grown to be increasingly complex. The consistent rise in customers' expectations has posed greater challenges in customizing warehouse operations to meet those increasingly high expectations. The logistics industry in India is one of the predominant industries in the country with around 13% of the GDP being spent on the development of the logistics framework in the country and the total warehousing space requirement in India is expected to grow at a compounded annual growth rate (CAGR) of 8% from 621 mn sq ft in 2016 to 839 mn sq ft by 2020. The logistics and warehousing industry's revenue is projected to grow at a CAGR of 10.7% during 2015-2019. The warehousing market in India is anticipated to grow at a CAGR of 8% to USD 2 billion in FY'2019. The cold chain industry is rising as a fast-growing logistics segment in India with major advancements and growth in the food processing sector, organized retail and government initiatives driving the industry forward in the coming years.
This 2 days event will focus on a holistic approach to warehouse workflow and processes and offer solutions to streamline and remove any systemic inefficiency in the warehouse's use of its human and technological resources.
Warehousing and Inventory Optimization Summit 2018 provides a dedicated platform for the industry and other stakeholders to come together to discuss the key challenges, learn from the best practices adopted across the country and ensure their firm is positioned to comply with latest regulatory guidelines.