Areas of opportunities
Manufacturing companies are now more actively looking at inplant management within their factories of a flexi-scalable mode, rather than engaging with fixed workforce unless the skill set demands a high retention factor. While this has already been in an advanced stage in the automobile sector, other engineering companies are also catching up. Kitting and packaging while not new are definitely on the rise for 3PL operators who can provide a semi skilled workforce with scalability in numbers at short notice. on-site management for infrastructure projects is also being now outsourced to 3 PL companies. In short, any activity that requires inventory management, fast movement of goods and scalability of infrastructure and manpower deployment is now an open playing area for 3 PL companies.
According to DIESL’s analysis on the sector wise data, organised retail has seen a phenomenal growth in modern India over the past 5–7 years. The retail sector of India is now among top five fastest-growing markets globally and by 2015 it is going to touch US$637 billion. Most of it is going to be through modern retail i.e. through shopping malls, which