The paint and coatings sector has emerged as a cornerstone of India's economic landscape, playing a pivotal role in driving substantial growth in recent years. The management of its supply chain, a complex and integral component, is equally important in determining the success of businesses within this sector.
According to the Indian Paint Association (IPA), this dynamic industry is set for remarkable expansion, projected to reach an impressive INR 1 lakh crore in the next five years, up from the current INR 62,000 crore. Demonstrating a robust double-digit compound annual growth rate (CAGR), it stands as one of the fastest-growing economies within the paint domain. In this context, the relevance of third-party logistics (3PL) services, offering bespoke solutions, has never been more pronounced.