The retail industry is expected to reach to US$ 1 trillion by 2020, attaining a CAGR of 10.76 per cent between 2015-2020.
What are the challenges that Indian retailers face their supply chain? What are the key trends impacting the Indian retail industry and supply chain process in retail? How can warehousing automation help retailers address challenges?
A report by Grey Orange– Zinnoy Study* looks at these problems and offers the right solutions that can help reinvent the retailer’s supply chain to support the changing market dynamics.
The retail industry in India is emerging as one of the largest industries in the economy. It accounts for over 10 per cent of the country’s Gross Domestic Product (GDP) and around 8 per cent of the employment.
India’s retailing industry mostly consists of the local mom and pop store, owner manned shops and street vendors. Organised retail supermarkets are small but growing.
The retail market in India undergoing fundamental change driven by the demographic shift with more than 50% of its population below the age of 25, rising disposable income, urbanization and blurring boundaries between offline and online worlds. The retail reforms and changes in the FDI policy have opened the Indian retail market for international behemoths. With 100% FDI allowed in single-brand retail and go-ahead to start online channel without any approvals, the competition from international players to home-grown retailers has further intensified.
There’s a growing need to reinvent the retailer’s supply chain to support the changing market dynamics, specifically in warehousing with significant technological advancements happening in the automation space. What challenges Indian retailers face in their supply chain? What are the key trends impacting the Indian retail industry and supply chain process in retail? How can warehousing automation help retailers address challenges?
This story is from the September 2017 edition of Progressive Grocer.
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This story is from the September 2017 edition of Progressive Grocer.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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