Applying Concepts of Sustainability in Warehousing Industry

Sustainability is one of the latest industrial buzzwords. The idea of sustainability has been deeply engrained in the business world and in minds of peoples due to which tactics of business is been changed worldwide, from the fashion industry to the healthcare industry and now even the logistics industry. Sustainability in reference of supply chain logistics can be termed as an optimization of logistics network by improving environmental impact and reducing business risks. Also, it is considered as the backbone of the economy. The industry is now into end to end solutions to the clients rather than just service provider. The warehouse is an essential component for sustainable supply chains and logistics to be efficient. 13 17 of India's Gross Domestic Product GDP accounts for logistics cost which is double compared to developed countries U.S., France and Hong Kong logistics cost i.e. 6 9 to GDP ratio. Additionally, COVID 19 and the resultant lockdowns have accelerated the transition of retail to online and adoption of e commerce globally. With more sustained behavioural shifts and increasing confidence in the e commerce story, there will be a definite need for warehousing to cater to the back end of this transition. Currently, the function identified for warehouse logistics is changed from just a mere storage of raw materials and finished goods irrespective of the industry serving. The main aim here is to identify indirect parameters among environment, economic, social and technology affecting warehouse sustainability and comparison by implementing better techniques, technologies, materials etc. to improve the effectiveness. Vivek Patel | Deep Patel "Applying Concepts of Sustainability in Warehousing Industry" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd43804.pdf Paper URL: https://www.ijtsrd.com/management/management-development/43804/applying-concepts-of-sustainability-in-warehousing-industry/vivek-patel