Double whammy: Rains, bleak festive demand to impact warehousing margins

Heavy rains recently brought business to a standstill in Bhiwandi, the warehousing hub that dispatches hundreds of thousands of retail and industrial goods daily to consumers in Mumbai

If the economic slowdown was not enough, a recent spate of heavy rain has added to the woes of Indian warehousing industry. Bleak demand in the festive season — which has already started and will continue till end-December — could also hit margins.
 

Parts of Bhiwandi, the warehousing hub that dispatches hundreds of thousands of retail and industrial goods daily to consumers in Mumbai and its surrounding areas, have come to a standstill because of heavy rain.

“Parts of Purna, Kalher and Manholi (within the Bhiwandi area) faced water-logging issues during heavy rain this time. And, the construction quality of