The intralogistics businesses claim close to 30% market share leading the industry
Consumerism is rapidly evolving, leading to the need for innovation in supply chain strategies and practices and, automation technology is the enabler everyone is looking at to deliver challenging milestones. Godrej Storage Solutions, a market leader in storage systems growing at 15% CAGR, whose 50% revenue is from consumer driven industries like Retail/ E-com/ FMCG/ F&B and consumer durables is recognizing this and proactively aligning to these expectations by creating cutting edge solutions for end-to-end warehousing processes starting from receiving goods to dispatch. The business has made significant investments in capacity expansion and capability building to service ever changing and growing needs of its customers. The business has invested in human capital for solutioning and execution, technologies, manufacturing capacity and relevant integrating systems through an ecosystem of partners. The objective is to deliver higher returns for their customers by enhancing operational efficiency and productivity through superior standards of sustainably in future years.
The overall intralogistics businesses of Godrej & Boyce include Material Handling Solutions, Storage Solutions, and intralogistics solutions through a joint venture with Koerber (Godrej Koerber), contributing to 12-14% of the revenue.
The warehousing sector is witnessing a period of significant transformation, driven by exponential growth in manufacturing, e-commerce penetration, consumption and ongoing modernization of logistics infrastructure. By the end of 2024, the contribution of Grade-A ware house space in terms of both overall supply and absorption is projected to exceed 60%. Godrej & Boyce recognizes the potential of automation, technology, smarter storage and material handling to achieve higher productivity levels across organisations. While using technologies to automate intralogistics activities has many advantages, integrating them with existing warehouse / existing workflow needs to be taken care. The business pioneers the integration of technology to enable customers to extend beyond efficiency gains and build resilient, sustainable logistics networks that can withstand global disruptions and support India’s ascent as a manufacturing powerhouse.
Commenting on this, Vikas Choudaha, Executive Vice President & Business Head, Godrej Storage Solutions, stated, “The future of intralogistics in India is not just about automation; it is about creating intelligent, responsive ecosystems in intralogistics space that adapt to the ever-changing demands of commerce across various markets. Automation could vary from simple conveyors systems to cobots to AI/ML driven technologies and companies will increasingly adopt and invest in these systems/ technologies as they realize the advantages of it, including increased efficiencies, productivity, accuracy, and cost savings in long run. Godrej Storage Solutions ensures this through a meticulous process of understanding customers’ current & future warehousing requirement and creating an adaptable solution design integrating relevant technologies. This is possible because of the knowledge depth in warehousing operations across sectors, advancements in the technologies involved, and the ability to synthesize all these effectively which the organization possesses.” Tamil Nadu is emerging as a leader in logistics, driven by its status as one of the most industrialized states in India with India’s first Multimodal logistics Park. This economic growth has created a significant demand for efficient warehouses and advanced intralogistics solutions. In response to this need, Godrej Storage Solutions offers innovative warehousing solutions with the state-of-the-art manufacturing facility spanning 27 acres in Chennai.
