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Issue #251

11 Jan - 27 Jan 2020


Snowman Logistics registers Rs 58.76 crore revenue in Q3

The integrated temperature-controlled logistics service provider, Snowman Logistics recorded revenue of Rs 58.76 crore in the third quarter ended on December 31, 2019 compared to Rs 58.38 in Q2, Rs 62.07 in Q1 and Rs 59.34 crore in Q3 2018. in December 2019, Adani Logistics announced the signing of agreements to acquire 40.25 percent stake in Snowman Logistics for Rs 296 crore from Gateway Distriparks.

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Indian logistics sector in times of the Amazon effect and disruptive structural reforms

A comparison between the Indian logistics ecosystem and its peers from the West would show differences that prop up the former’s deficiency in key indicators like efficiency, visibility and cohesion. These market conditions generate chaos and lead to far higher logistics costs, with India spending roughly 14% of its GDP on the industry – a number that hovers around 8% in the U.S. and Western Europe.

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Warehousing sector to add 40 million sq ft space across top 8 cities this year

As warehousing is fast becoming an integral part of integrated logistics network due to technological advancement and the reform-led policy measures, the sector is expected to add around 40 million sq ft space across the top eight cities this year. In 2019, the total supply of warehousing space was 37.94 million sq ft while the absorption stood at 33 million sq ft.

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Savills predicts 20% growth for Indian warehousing sector in 2020

Indian warehouse absorption in 2019 stood at 34 million square feet while vacancy less than 10 percent, according to a report released by the international property consulting firm Savills on India's industrial, warehousing and logistics sector. The research firm predicted a 20 percent growth driven by manufacturing sector leasing and 3PL & E-commerce increasing their needs in Tier-II cities.

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