Viewpoint | Creating Resilience
Shoring up Indian supply chains: Are we prepared for the future?
December 15, 2022
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The outbreak of COVID-19 impelled logistics disruptions that created a ripple effect across global supply chains. This made businesses explore alternative strategies from diversification to localisation of production networks.
As India is preparing for navigating through future challenges, this viewpoint provides insights into the country’s opportunities in terms of supply chain resilience and its likely impact on Industrial & Logistics (I&L) space by 2030.
What can supply chain resilience mean for the Indian I&L space by 2030?
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Traction in warehousing demand due to continued focus on ‘just-in-case’ buffer stocks and increasing warehousing space; I&L stock to double by 2030 to cross 700 mn sq. ft.
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Share of grade A developments in the overall I&L stock is anticipated to rise from the current 35% to more than 50% of the overall stock by the end of 2030
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Tier II and III cities to drive next phase of I&L growth led by increased e-commerce consumption in these locations
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Investments in manufacturing and logistics real estate to grow; more than USD 20 billion would be required to develop additional I&L spaces by 2030
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