Mumbai: Stellar value chain solutions, one of the largest technology-focused companies 3PL Warehouse and Value Added Distribution The service providers have set up operations in five new cities namely Surat, Nagpur, Indore, Raipur and Patna. The new BTS warehouses will increase the footprint to 14 million square feet of warehouse space. They were put in place to respond to the surge of holiday season sales in Tier 2 cities. This is in line with the company’s vision to create the best warehouse infrastructure of 50 million square feet across India and transportation (50,000 trucks).
According to a report from consulting firm Redseer, this year’s holiday season is expected to generate sales of $11.8 billion in gross merchandise value (GMV), a 28% increase over last year. Net demand for warehouse space in 2022 is expected to be higher than in 2021.
Mr. Anshuman Singh, President and Managing Director, Stellar Value Chain Solutions Pvt. Ltd, said, “The consumer story in India remains strong. The three sectors we focus on, namely e-commerce, consumer and automotive, are showing robust growth. Stellar is continuously building Class A plus warehousing and logistics infrastructure in its 21 predefined production and consumption cities to enable businesses to grow and scale quickly and with agility with better service levels and cost reduced.
Stellar Value Chain Solutions already has a strategic presence in 21 centers in India. These growth centers spread across 21 key cities in India serve 85% of India’s consumption and production needs.
Additionally, the company’s technology wing, StellarTECH, supports and delivers state-of-the-art “Warehouse Management System with LMS, Transportation Management System and Vehicle Tracking System” as the core technology value proposition and enabler of digital operations. Customers are supported through extensive use of IoT and Big Data Analytics, and the design principle takes IoT readiness into account. Using Big Data Analytics, the company provides its customers with real-time actionable insights based on a variety of predictive models, routing optimization algorithms, storage optimization algorithms, and management techniques. machine learning.
About Stellar Value Chain Solutions:
Stellar Value Chain Solutions is a pioneer of innovative end-to-end value chain digital transformation in India. Founded in 2016 and based in Mumbai, Stellar has over 14 million square feet of state-of-the-art warehouses and distribution centers in 21 major cities. Its customers include more than 1,000 companies from various industries. Stellar Value Chain has developed a strong capability to provide 3PL value-added warehousing and distribution services to 3 major sectors, namely automotive and industrial, e-commerce and consumer (fashion, retail, durable goods and GICs). The company plans to develop 50 million square feet of modern warehousing operations spread across more than 60 logistics parks and 21 cities and manage a fleet of 50,000 vehicles across the country in all major logistics formats. Stellar aims to help place India in the top five of the Global Logistics Performance Index.