The size of the Indian logistics industry is estimated at $215 billion during FY20. It is expected to grow at a rate of 10-12 per cent compound annual growth rate (CAGR) over the next five years. The pandemic has actually tightened the loose ends and have made the industry ‘smart & agile’. Supply chain is no more a backend conversation, but a regular point of discussion for the top management of any retail company.
Third party logistics (3PL), express logistics, warehousing and cold chain are the chief segments within the supply chain and logistics domain, which are expected to stay under the spotlight for some time now. The main focus now for any company within this segment is to shorten the supply chains and ensure that the goods are delivered in a very cost effective time-bound manner. In the September issue, we exclusively bring to the front supply chain trends and highlights from the experts of the domain. Along with this, we also bring some expert columns to highlight certain sectors and how the companies within this segment are registering success with impressive growth journeys. With enriching conversations, we also try to unfold the new innovation and business plans of some reputed startups and try to decode their growth story in the Indian market.
In this issue we also unearth the trend of FMCG companies that are working towards achieving household penetration by experimenting while lowering costs, effective advertising and understanding evolving consumer needs. We also trace the prompt adaptation of digital technology for business operations by the sector and study the nodes of changes. With focus on the wheels of change for retail, this issue is also about celebration and we raise a toast to the winners of IMAGES Shopping Centres Awards!
With great pleasure and pride, we inform our readers that the inaugural edition of Shopping Centres Next on September 1-2 in Goa was a huge success. It was quite fascinating to see India’s shopping centre industry celebrating a triumphant return to the first on-ground mega industry gathering in over 18 months. The September edition of IMAGES Retail magazine highlights the key elements of the event. We thank those who attended and were part of the event and also to them who supported us to make it a huge success.