三英里的传奇剖析新时代的零售供应链网络2023-英文

CBRE INTELLIGENTINVESTMENT TheThree-mileTale:DissectingTheNew-ageRetailSupplyChain Network REPORTINDIA REALESTATE CBRERESEARCH SEFTEMBER2025 Contents EvolvingRetailWare"ous'ng Landscape 2.TheFirstMile 3.TheMiddleMile 4TheLastMile 5.Cutlcok EvolvingRetail WarehousingLandscape Figure1.1:KcyindicatorscontributingtothegrowthoftherctailmarketinIndia 2012 2021/22 2030/31 RETAIL SALES 1.0X 1.0X USD1,321bn CONSLMER SPENDINC USD1,00bn 1.8X USD1,327bn 1.0x USD2,a83bn 7ERCAPITA NGDME USD1,495 15x USD2,278 XE USD5,242 =-CCMMFRCF ENETRATICN 6.5% 1.9x 12.3% xJ"*l"==-**c"I.-c"2rk.=-E-lc*23 trsIx:k-*a'l":*"e Tl-T-ll2u-ilsh.[-s:.is-+Nea-$se7ah.ilup+Cla1ile..y* ShifttoModernRetailReshapingWarehousingStrategies Agrcwingproliferationo"globalretailars.expensic-ofstores,andgrowthinonli-eshopping,hastrigg号redahuge Irensrmalioninmlia'sl,nimrkal.hil)n(xsslosocialmoliaandn-t(mmnu:plalforms;hsnefceuclIht: infcrmationgapEndcreatedawdershoppernetwork,incr2aseindispcsaleincomeofconsumershesalsobc/stered rsailspondirnginthccouritry. J'st:ft:linaryspenda'ssslneemubrackulsBulwtxn2e22-2030,ctmsumusuuhuli~rossistrt:linnary cstegoressuchasclot-ingalidlfootvieer,recreaticalsndculturalservicesalongwrthrestaurentsndrctelsaexpectxdtcgirc:by1.6x,2xand2.3xrespcivey.Thecontluencott"gset:czo1:islikeltorosuItinthecontinveclg'swthoftheretaillssetorInthenextfewyears. JK_R_SLAKCI *-2C≤3C3RCIN: Posttliepandemc,annareassclp:"oliferatonafe-ccmmercehasledseveralretallarstoembraceanom":"a"relretallszrstegy.Theade.stlaofthiastratsgyrequiresaccnpilateoverha..Io"aretallershusiness.from adertsinoandmerchandisinotoavmert.fultment=nddaiueru.esuccesstulomnichennelrsaeroaraseamsssshoocnaxoerencewhichlsconelstentec'assachannas.hetheronine.socialmedia.orir starn.wichthepotoatialtonxpandlfvo'oldtofnachusn55billicnty7o77,signifcantlyupfrcmusn11liliontorl.ay,Indiasomnichannclinduatryiscclstdfcrrcmarkahlcg"swth.Cu"rmntv,moro:hanFo%,ngtional b'ndshaveadcptedsomefc'n1ofomnichannelstrategywithtchehelpofenhancedtechandlogisticscapabilit=s.3 Figurc1.2:Lcvcragingdigitalcnablcrstodrivcomnichannclnctwork Figurc1.3:Sharcoflcasingacrosscatcgoricsinkcyrctailasscts*(2019-H12023) uJ! 2.0 3.8 4.3 f 2.9 23: STCRE1.0 Brick-and-morter 5TORE1.5 E-commerce STORE2.0 5TORE3.0 Multlchannel Omnlchsnnel 272: Physislslores Func:h9sefrcm Samleaegalirof Iopurr:nast: fram.thircl- nceperenll arlyplfe:r cp:erledlchanels phsigil shoppingchanna/s 2,1. 2:d f:i2 J. Ie1,,4* Focd&Bcee ICrrue*Eccbronkcs H:alt:nPecnalC-ire I:h11- U.yse1:JI*,II**g: Eackedbyhighexp=ctaionsfromempceredcons.mers.evcvingso=lalfsbricanclgrwhindiscr=tionaryspending.retailleasi'ghaswvitness=canuptickacrosscrgeniz=cspaces.IheseIncludeinvestrien--graclemalls kcyhigstixts.aridstaridalncdcvclopnentswhcrcdciriaridhasbccriplirrailydrivenbysclectcetegoriesiniclucingtashioni&arsaicl,honicweic&dcpaitinentstores,alongvithhvpxerriarkcts.Thesccatogor'cs tcgtheracao..ntfenearly=0-7u%,ofsjacetake-ll9evelyyear(reerFlg1.3). Eoomi-greailindustry'sdiversenaeds=ndchangingdynamics.includingtherisecfec commerceand=mplifiedccnsum=re: ectations,havecreetedasubst=ntialdemancforvarehcusingtosupport=ffcientinventor's managcmt:ntamldistributicn.Thusn:'ar:tons;havt:tcompellcdntailcrstorethinkthirsupplyr:hainnctvnrksaml,consxcut:ntly,comluctacompreheneivtassossamontofwaftehousingcemandl. ncl:2rdE-t.>F,Kar*a,2:2: UJK_R_SLAKCI *+2SSC3RCIN: I.4.-.I.] Tl-T-12**ikvshaEtic.ils-+Nea-$subilup+Cle1ile.u* TlT1lu-ilh[+.il;N-xb.iluμClo1.e.v* Irrersasacomnichanneladop:clon,faaterdeliveryrequlrenentsandoldingtuffarInventerleaamldsupiplychaindisnuptlcnshavefuelledthec.mandforwarehousingfromretallers.Between2019-H120z,e-ccmmerce. FcC=ndreteilcatagoriestogether3ccounzecfornearly27%cfthetotalwarehcusingdenand.withinth=retailsegment,categorisssuchashyperTarkets(51%>=longwichfashion&=pparel(32%)dcninatedspace tako-up(referFie1.4)duringthispericd.Nctably,thoshare:ofretailintotaldemandhasincroasordfromR%,in7019t313w,in7077.Althcughitcnlytoucherd9x,inH12073(reforFig1.5),wc:rxpeetthesharotastrengthen inH22J23backedbyan3nticipatedincreaseinconsunpcionduringthefastives2ascn.Further,t-2sharecfFmCGhasdc_bledfon13:in201tcs%inH12023.Although=ccmm='celeasi'gtemperzdin20223ndH1 2c23,weuxpcetarccovelyinH22023und2024.Stioriglousingmoirienituiriaciussthkesetaitegoricshusalso[enlstodareassess'mentofwarchsusirgsizcxuircrncnts-heicha:bixndecliricinsinalltornid-siz:xddeals(5),c0osj.fr.)overthlsatfewvearsandtheleasingactlvlvIsprimarbyFcweredloylarge-slzedtrgnss:tlons(1oc,oco)sg.fz,referFig1.s). Figure1.4:ShareoftheretailsectorandotherkeycategoriesFigure1.5:Year-wisesegmentationofwarehousingdemandasperindustrysectorsinwarehousingdomand(2019-H12023) 112 2922 ---I*r51+*.I++1r1 L*,11441+*11**h:1.111, 12% l.1 -d 45 =F-CC E*:Ir:+++:S+el:4< ANLL 4 wx5aibr? 19,L r =(.h.: -+1I-*+* ...H. Figure1.6:Size-wisesegmentationafwarehousingdemandbyselected**categorig6 : 11L1 torursr:kxuon2 202 Po.:Br ": 122c2c232 t:-:dc*sllxr::lwlw UJK_R_SLAKCI *+2SSC3RCIN: Tl-Ti-l