Logistics Quarterly Brief...

Jan-Feb-Mar

Dear Readers,

As the calendar turns over to a new year, we find ourselves at the threshold of endless possibilities and opportunities in the realm of supply chain management. We unveil the first edition of the AAJ Enterprises newsletter for the year 2024-"Logistics Quarter Brief"

In this edition, we're excited to delve into the latest trends, insights, and strategies that are shaping the future of logistics. From advancements in technology to sustainable practices driving positive change, we're committed to bringing you comprehensive coverage of the key developments unfolding in our industry.

We invite you to join us on this journey of exploration and discovery. Your engagement and support are integral to our mission of delivering valuable content that informs, inspires, and empowers professionals in the field of supply chain management.

Industrial Updates

Industrial and Logistics Sector Surges: Q1 2024 Demand Insights?

Savills India's latest findings unveil a remarkable 22.7% year-on-year surge in demand for the Industrial and Logistics sector in Q1 2024. Delhi-NCR takes the lead, contributing a substantial 23% to the total supply, closely trailed by Bengaluru and Kolkata, contributing 12% and 10% respectively.?

Warehousing Sector Growth Trends in India?

India's warehousing stock is projected to hit 595 million sq ft by 2027, driven by rising demand and investor interest. Factors like GST implementation and infrastructure improvements have reshaped logistics, prompting companies to restructure for efficiency. Government initiatives have propelled progress, with India climbing sixteen places in the Logistics Performance Index since 2014. In 2023, Grade A & B warehousing space in top cities saw a 15% year-on-year growth, reaching 371 million sq ft, with Grade A stock at 187 million sq ft, showcasing sustained growth prospects.

Economic Policy & Development

India Maintains 2nd Position on Agility Logistics Index?

India maintains its 2nd position on the Agility Logistics Index, closing the gap with China. Despite being recognized for its growing importance as both a producer and market, challenges like inadequate infrastructure and corruption persist. While China remains at the top, fewer respondents view it as having the strongest economic growth ahead. The rankings also feature UAE, Malaysia, Indonesia, Saudi Arabia, Qatar, Vietnam, Mexico, and Thailand, with UAE, Saudi Arabia, and Qatar offering the best business conditions in emerging markets.?

Interim Union Budget Unveils Three New Economic Rail Corridors?

The Interim Union Budget for 2024-2025, presented by Finance Minister Nirmala Sitharaman, introduces three new economic rail corridors as part of the PM Gati Shakti initiative. These corridors include energy, mineral, and cement corridors, port connectivity corridors, and high traffic density corridors. The budget also sees a notable 11.1% increase in capital expenditure to Rs 11,11,111 crore, equivalent to 3.4% of the GDP.?

AAJ Updates

Revamped AAJ Website

We're excited to announce the launch of our revamped website! With a fresh look and enhanced user experience, our website reflects our commitment to innovation and excellence. Explore our updated platform to discover the latest news, insights, and services offered by AAJ Enterprises here!

New Warehouse in Kolkata

We're thrilled to unveil our latest cutting-edge warehouse facility spanning an impressive 50,000 sq. ft. in Old Delhi Road, Hoogly District, Kolkata. With state-of-the-art technology, advanced machinery, and a dedicated team of over 100 professionals, we're primed to elevate your logistics experience to new heights. What does this mean for you?

• Enhanced storage solutions tailored to your business needs
• Expedited order processing and deliveries
• Strengthened logistics and supply chain capabilities
• Explore more about our Kolkata Warehouse here.

We Matter Event with Cambridge

AAJ Enterprises hosted the inspiring "We Matter" event in collaboration with Cambridge University Press & Assessment. The event, graced by esteemed guests including Mr. Ankur Kashyap, Senior VP Operations of Cambridge University Press & Assessment, celebrated the meaningful contributions of our Ghaziabad Warehouse Team. Through engaging discussions and heartfelt exchanges, we reaffirmed our commitment to aligning our work with a greater mission, shaping a brighter future together.

Amber- AI-powered Chief Listening Officer (CLO)

In a world where every voice matters, Amber by InFeedo ensures that employee feedback is not just heard but acted upon, fostering a culture of inclusivity and innovation.

Women Helpline For Safety

Prioritizing the safety and well-being of women in our workplace, we are proud to introduce our Women Helpline Number. This dedicated helpline is available to provide assistance and support whenever needed, reaffirming our commitment to fostering a safe and inclusive work environment for all employees.

Logistics trends to watch out for in 2024?

In 2024, India's transportation and logistics sector is poised for significant evolution, backed by substantial government investment in growth projects. Infrastructure development, including multimodal transport and logistics parks, will be pivotal in driving progress, although challenges like high logistics costs persist. The industry's shift towards digitization promises enhanced efficiency and performance, with India positioned as a global leader in technology implementation.?

Sustainability takes center stage with increased adoption of eco-friendly practices like electric vehicles (EVs), driving innovation in areas such as solar energy and carbon emissions reduction. However, training initiatives are imperative to upskill the workforce and ensure smooth integration of automation. Geopolitical disruptions heighten the importance of resilient strategies and collaborative partnerships to navigate uncertainties.?

While certain sectors flourish, others face challenges, underscoring the need for government support. Nonetheless, investments in road construction and connectivity projects are expected to propel India towards economic supremacy. Despite geopolitical tensions impacting global logistics, India remains on track to achieve significant growth in the sector.?