Being a nodal step in the supply chain and logistics value chain, warehousing is an integral part of the process. India’s warehousing sector is booming. Irrespective of the negative impact of the pandemic, since 2020, the Indian warehouse market has grown into an industry of INR 676 billion. As per the Knight Frank warehouse 2021 report, the warehousing sector is expected to grow even further in the upcoming years at a projected CAGR of 9.1% between the years 2021 and 2026.
A few factors supporting the sector’s growth are:
1. Exponential growth of the e-commerce industry
2. Infrastructure status conferred to warehousing by the Government of India to bring down the capital cost
3. GST and e-waybill waving the way for larger warehouses with modern facilities
4. Government’s focus on building large logistics parks across the nation as part of bringing down overall logistics costs and lifting India’s position in the logistics index
5. Industry’s growing appetite for on-demand warehousing
6. The Make-in-India boost for manufacturing and subsequent push toward exports
7. The government has allowed 100% FDI in the warehousing sector to place it in a high growth trajectory.
Now with the sector’s tremendous growth assured, there is a huge demand for manpower across all levels with the right skills. Seekho has been studying the skill gap in this sector over the years and has developed a host of courses to assist job seekers to learn the right skills. Let us look at the important competencies the companies are looking for in the candidates they are hiring. We can put the competencies into three buckets.
- Essential knowledge areas and technical competencies
- Competencies for workspace and leadership, and
- Personal effectiveness competencies.
Let us take a closer look at each competency here.
1. Essential knowledge areas and technical competencies
a. Supply chain management
b. Warehouse management
c. Logistics and transportation
d. Risk management
e. Network design and analysis
f. Supplier and customer relationship
g. Quality management and process improvement
h. Facility management
i. Scheduling and operations
j. Project management
2. Competencies for workspace and leadership
a. Problem solving and decision making
b. Teamwork and collaboration
c. Accountability and responsibility
d. Planning and organizing
e. Conflict management
f. Enabling technology
3. Personal effectiveness competencies
a. Awareness of the needs of others
c. Continuous learning
d. Effective communication
e. Interpersonal skills
g. Rapport building
As you can see, the learners should keep a balance in developing their competencies and not just focus on spending time building their knowledge and skills. There is definitely a high opportunity for the career aspirants from starting at the entry level, to learn and demonstrate the developed skills and aim to become a part of the management team.