Page 3 - Warehouse

Lease of industrial-warehousing space up 11% annually in 5 cities: Colliers

Leasing of industrial and warehousing space rose 11 per cent year-on-year to 7.2 million square feet during the January-March period across five major cities on higher demand form third party logistics and e-commerce firms, according to Colliers India. Real estate consultant Colliers tracks the demand and supply of premium industrial and warehousing spaces, which are primarily being developed in the adjoining micro-markets of five major cities -- Delhi-NCR, Bengaluru, Mumbai, Pune and Chennai. The January-March period saw the highest leasing compared to the previous eight quarters. "This sustained streak in leasing was backed by 3PL (third party logistic) operators who continued to expand across large markets, forming 41 per cent of total leasing during the quarter. This was distantly followed by the FMCG sector at 12 per cent," Colliers said. Interestingly, demand from retail and FMCG sectors saw a three-fold rise YoY (year-on-year), as they expanded their footprints in larger ...

Walmart bets on supply-chain automation, dangles profit potential

Walmart says its revamped supply chain will enable it to ease cost pressures tied to the rise of e-commerce and help end a decade of stagnation in US operating income

Walmart sees more than 2,000 job cuts in e-commerce warehouses across US

The losses include more than 1,000 positions at a warehouse in Fort Worth

5,642 warehouse projects completed under WIF scheme so far, says Govt

Around 5,642 warehousing projects have been completed under the Warehouse Infrastructure Fund (WIF) scheme so far, Parliament was informed on Friday. Under the Warehouse Infrastructure Fund (WIF) scheme, under the Ministry of Finance, about Rs 9,393.68 crore funds have been sanctioned till December 2022 for establishment of 7,953 warehouse projects spread across 21 states, Agriculture Minister Narendra Singh Tomar said in a written reply to the Rajya Sabha. The estimated storage capacity on completion of these projects will be 9.32 million tonnes, he said. Out of which, the cumulative disbursement of WIF loan till December 2022 was Rs 8,357 crore, as against the sanctions. "As on date, 5,642 projects have been completed," the Minister said. Apart from the WIF scheme, Tomar said the Agriculture Infrastructure Fund (AIF) scheme of the Ministry of Agriculture facilitates medium-long-term debt financing for investment in viable projects relating to post-harvest management infrastructur

Amazon faces over $60K penalty for unsafe warehouse work conditions

US regulators have found that three Amazon warehouse facilities exposed workers to "ergonomic hazards", including putting them at high risk for lower back injuries and other musculoskeletal disorders

Gatik's driverless B2B delivery service gains pace in US and Canada

The middle-mile segment, unlike long-haul transport or last-mile delivery to an end consumer, involves business-to-business (B2B) operations, mostly from a warehousing location to a retail centre

Number of warehouse registrations on rise, outreach improving: WDRA

Warehousing Development and Regulatory Authority (WDRA) Chairman T K Manoj Kumar on Monday said there is an increase in the registration of warehouses and its outreach with banks and farmers has improved exponentially. The decision that the government procured stocks should be stored in WDRA-registered warehouses or those warehouses which have applied for WDRA registration has resulted in the increased registration, particularly from State Warehousing Corporations (SWCs), he added. Speaking at an event to commemorate the WDRA's Foundation Day, Kumar said: "There had been an increase in the number of warehouses registered with WDRA and its outreach with banks and farmers had improved exponentially." He said State Bank of India (SBI) has launched a special product for lending against e-NWRs (electronic negotiable warehousing receipts) at reduced interest rate and lower fees. Karnataka Bank too has informed that it is in the process of launching a new product on e-NWR pledge finance, a

Electronics Mart IPO subscribed 1.7x on Day-1 on retail, QIB interest

The firm is looking to raise Rs 500 crore from the IPO to fuel its store and warehouse expansion plan

Fire breaks out at a warehouse at world's biggest produce market in Paris

A billowing column of dark smoke towered over Paris on Sunday, from a warehouse blaze at a massive produce market that supplies the French capital and surrounding region with much of its fresh food and bills itself as the largest of its kind in the world. Firefighters urged people to stay away from the area, in Paris' southern suburbs, while they tackled the blaze at the warehouse in the Rungis International Market. There were no immediate reports of injuries. The sprawling wholesale market is a veritable town unto itself, with more than 12,000 people working there and warehouses filled with fruit and vegetables, seafood, meats, dairy products and flowers from across France and around the world.

Warehousing transaction volumes grew 62% YoY in FY22: Knight Frank

NCR and Mumbai led the market on overall volumes, while Pune and Hyderabad witnessed the highest percentage growth, at 166% and 128%, respectively

Future Supply Chains calls off sale of warehouse assets over approval delay

Company will consider other opportunities for rehabilitation of business ops

PM to launch national logistics policy on Sat for seamless flow of goods

The policy is being brought in tandem with Prime Minister's ambitious GatiShakti national master plan

Flomic Global Logistics aims to be a leading warehouse player in India

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Warehousing development law: Centre proposes more penalties

In the amendment bill, the government has also proposed simplified registration process, accepting negotiable receipts only in electronic form

SoftBank-backed Unicommerce to deploy tech in 8,000 warehouses by next year

Multiple new categories and business models have emerged in the last two years in the area of e-commerce

Amazon CEO Jassy says will improve workers' safety amid criticism

"Our injury rates are sometimes misunderstood. We have operations jobs that fit both the 'warehousing' and 'courier and delivery' categories," Jassy said late on Thursday

Amazon CEO Jassy says he wants to improve warehouse safety

We're also passionate about further improving safety in our fulfillment network, with a focus on reducing strains, sprains, falls, and repetitive stress injuries, he wrote

Amazon faces shareholder vote on treatment of warehouse workers

By Simon Jessop and Ross Kerber

IndiaMART acquires 26% stake in warehouse mgt firm EasyEcom for Rs 13.35 cr

The investment is in line with IndiaMART's objective of offering various SaaS solutions for businesses

Amazon to hold off warehouse phone ban 'until further notice'

The reversal follows the emergence of a more contagious strain of Covid-19 and after six workers died at a facility struck by a tornado last week