We live in a new era where technology continues to change how things are done in different industries. Let’s look at some of the trends that are looking to change the warehousing and distribution landscape as we know it.
1. Robotics & Automation
Automated management has only been implemented in 20% of the world’s warehouses. However, supplying companies all over the world and looking to experience and invest in the advantages that come with automation and artificial intelligence. Robotics and automation also have measurable business benefits such as increased efficiency, accuracy and long-term cost savings.
2. IoT in warehousing
Creating a smart warehouse with the Internet of Things, which has scope for implementation of the Internet of Things (IoT) in warehousing is substantial. IoT provides visibility in warehousing from the ordering of materials until the shipment reaches the end customer or third-party logistics providers.
Blockchain promises to create transparency of all documents and transactions across the freight landscape, ultimately increasing the efficiency, agility, and innovation of warehousing and distribution systems. This technology aims to help businesses implement sensible contracts coding system hosted on a blockchain that defines Associate with the terms of an agreement between parties.
4. Risk management
When business operations embody the utilisation of warehouses, it’s important to consider all potential risks. Risk management should reduce the chance of incidents and cut back the severity after they do happen. If not, the warehouse is going to be at risk of vital losses that may have a heavy impact on structure performance.
5. Shorter delivery periods
Gone are the days where customers are prepared to wait more than 10 days to receive their products. Customers expect to have their products with a day or two. This will have a domino effect of increasing the focus on multi-channel transport management. Distributors will seek all avenues that will get their goods to their customers quickly. So, there will be more companies using both internal fleets as well as external carriers.