Warehousing & logistics sector to grow at 35% in 2021: Report

Bengaluru: The warehousing and logistics sector will be one of the fastest asset classes to recover from the Covid-19 pandemic due to the sharp increase in domestic demand and a possible major manufacturing shift to India as global manufacturers de-risk their supply chains, according to a report that outlined post-Covid sector outlook.

The Welspun One Logistics Parks (WOLP) report estimates the warehousing and logistics industry to grow at 35% in 2021 as opposed to the earlier predicted demand of 25%.

“The transition of retail to online and larger inventory levels by e-commerce players, will speed up the warehousing demand further. The resulting impact will be felt substantially in demand for inner-city logistics and cold chain facilities,” said Anshul Singhal, MD, WOLP.

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