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WAREHOUSING REIMAGINED With Technologies Shaping E THE FUTURE OF LOGISTICS
Electronics For You
|September 2024
In a world of labour shortages and economic shifts, how are Al and robotics reshaping the warehousing industry?
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In today’s fast-paced business environment, how can warehouse leaders tackle complex challenges? The demand for speed, precision, and efficiency is more urgent than ever, with labour shortages and economic fluctuations pressing down. The key to overcoming these challenges? Innovation. As this discussion unfolds, a vital question arises: How are decision-makers harnessing advanced technologies to streamline supply chains and safeguard their businesses for the future?
Innovation is not merely an option—it is a necessity. Driven by data-led insights, warehouse leaders are embarking on a transformative path. But how critical is mastering these emerging technologies for their continued survival? This article delves into the future of warehousing, highlighting the innovations and trends set to reshape an industry brimming with untapped potential.
In recent years, a significant shift has emerged in the global warehousing landscape. By 2022-2023, the average facility size dropped to 25,600 square feet (2378 square metres)—a 19% reduction. Despite this downsizing, optimism among decision-makers remains high. What lies ahead for the scale of these facilities? Forecasts point to considerable growth in both size and number by 2028. Currently, the global average stands at 2.4 facilities per organisation, reflecting a 39% drop from previous years. As modernisation efforts take centre stage, a pivotal question arises: What are the immediate priorities for decision-makers?
This story is from the September 2024 edition of Electronics For You.
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