Co-warehousing: The next big thing in logistics industry
After co-working and co-living, the next big thing in the world of shared spaces is co- warehousing - collaborative workplaces for businesses with physical products and art entrepreneurs. With e-commerce witnessing unprecedented boom across the globe, many small businesses are facing logistics issues especially last-mile delivery which carries an in-proportionate cost . Having a conventional warehousing space in India means long, multi-year contracts, hiring operation staff, acquisition of expensive machinery, its maintenance, and not to mention the monthly utility bills. Thus, warehousing marketplace is experiencing a trend towards collaborative economies and greater flexibility, where different businesses can seamlessly receive, store and ship merchandise from a shared warehouse without the harshness of costly rents, maintenance or long term commitments. Such spaces also give businesses ability to customize a storage plan that matches very specific needs, regardless of co