CEVA Logistics, one of the largest third-party logistics (3PL) companies globally, expects India to become one of its top five revenue generating markets in the next three years. Olivier Storch, deputy CEO of CEVA Logistics, highlighted India’s firming economy and solid growth transformation as key factors driving this trend. Storch also emphasized the relocation of manufacturing to India, which serves as a hub for global trade and requires enhanced warehousing and transportation capacities. CEVA Logistics plans to make further investments in India to support its growth potential and the government’s ‘Make in India’ program.
According to Storch, India’s growth prospects and emphasis on manufacturing make it an attractive market for CEVA Logistics. The company aims to bring in additional investments to cater to the Indian market and support the ‘Make in India’ initiative. As part of its expansion strategy, CEVA Logistics recently acquired Stellar Value Chain Solutions, a tech-driven warehouse and distribution service provider with a significant logistics area across key locations in India.
CEVA Logistics currently operates in 75 locations across 35 cities in India and manages millions of square feet of warehouse area globally. The recent acquisition of Stellar Value Chain Solutions diversifies CEVA’s presence in India, strengthening its workforce, assets, customer portfolio, and capabilities.
Storch believes that the acquisition will enhance CEVA’s domestic contract logistics and omni-channel fulfillment services across various industry segments. The company aims to provide customers with end-to-end supply chain solutions, aligning with its strategic vision. CEVA Logistics views India as a crucial market for future growth, considering the evolving international trade landscape and the adoption of the ‘China plus one’ strategy. Being a global player, CEVA Logistics recognizes the need to establish a strong presence in key markets like India.
In addition to the acquisition of Stellar Value Chain Solutions, CEVA Logistics is also in the process of acquiring Bolloré Logistics. This acquisition will allow CEVA Logistics to double its size and position itself among the top five global logistics companies. Storch highlights that the integration with Bolloré Logistics will bring synergies and further boost CEVA Logistics’ operations in India.
CEVA Logistics plans to focus on serving clients across various sectors in India, including industrial, automotive, ecommerce, fashion, and pharmaceuticals. With the rapid growth of industrial activities and increasing penetration of ecommerce, warehousing and logistics have emerged as one of the fastest growing real estate segments in India. CEVA Logistics anticipates the warehousing and logistics segment to gain further strength and attract more investment in the coming years, driven by a favorable regulatory environment and government support for infrastructure development.
In conclusion, CEVA Logistics sees immense growth potential in India’s market and aims to strengthen its position through strategic investments and acquisitions. The company recognizes the attractiveness of India’s manufacturing sector, which drives the need for expanded warehousing and transportation capabilities. By aligning with the ‘Make in India’ initiative and acquiring key players in the logistics industry, CEVA Logistics aims to offer comprehensive and efficient supply chain solutions to its clients in India and reinforce its position as a leading global logistics provider.
