Sustaining the position as industry leader in the warehousing sector with over 30% market share and a CAGR of over 15% in last 5 years

MUMBAI, 05 OCTOBER, 2023 (GPN): Consumerism is rapidly evolving, leading to 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 business unit of Godrej & Boyce, the flagship company of the Godrej Group, is a market leader in storage systems with 50% of its revenue coming from consumer driven industries like Retail/ E-com/ FMCG/F&B and consumer durables. 

Having recognized this need, the business is proactively aligning to these expectations by creating cutting edge solutions for end-to-end warehousing processes starting from receiving goods to dispatch. Godrej Storage Solutions has made significant investments in human capital for solutioning and execution, technologies, and relevant integrating systems through an ecology of supply chain partners. The objective is to deliver higher returns for their customers by enhancing operational efficiency/ productivity through superior standards.

Commenting on these advancements, Vikas Choudaha, Senior Vice President & Business Head, Godrej Storage Solutions, stated, “The potential and possibilities of automation in intralogistics are enormous. Its adoption could vary from simple conveyors systems to cobots to AI/ML driven technologies. Intralogistics space will see an increase in companies adopting and investing in these systems/ technologies as they realize the advantages of it, including increased efficiencies, productivity, accuracy, and cost savings in long run. This will help in bringing down our country’s logistics cost from current 13%-14% of GDP. Godrej Storage Solutions is committed to enable our customers in their endeavor towards efficient warehouse operations at optimal cost.”

With warehouses getting larger and taller for large-scale operations, seamless integration of operations becomes a necessity. Repetitive activities like point-to-point transfer, loading and unloading of standardized packs necessitate deployment of automation as a concept where the likes of automated battery- operated pallet trucks (ABOPTs), AMRs, robotic palletizers and packing machines are becoming critical to operations. Human interventions are avoided by integrating bar code scanner & readers for material identification. Complete visibility and traceability of every SKU is made possible by WMS and ERP systems, while real-time data gathering, analysis, and decision-making are made possible by IoT and cloud computing. Such automation and digitization enable jobs to be done with accuracy and speed thereby enhancing throughput and productivity.

While using technologies to automate intralogistics activities has many advantages, integrating them with existing warehouse/existing workflow needs to be taken care of. Godrej Storage Solutions ensures this through a meticulous process of understanding customers’ current & future warehousing requirements and creating an adaptable solution design. This is possible because of the in-depth knowledge of warehousing operations across sectors, advancements in the technologies involved, and the ability to synthesize all these effectively.

About Godrej & Boyce

Godrej & Boyce (‘G&B’), a Godrej Group Company, was founded in 1897 and has contributed to India’s journey of self-reliance through manufacturing. G&B patented the world’s first springless lock and since then, has diversified into 14 businesses across various sectors from Security, Furniture, Aerospace to Infrastructure and Defence. Godrej is one of India’s most trusted brands serving over 1.1bn customers worldwide daily.  To learn more visit: www.godrej.com