How you manage and
store your goods can have a significant impact on your business strategy. A
warehouse that provides fast and high-quality service at optimum cost can be a
game changer for the entire supply chain, enabling them to strengthen their relationships
with suppliers as well as customers. As per the report by IMARC group, Indian
warehouse market is expected to reach INR 2,069.6 billion at a CAGR of 11.9%,
by 2027.
Traditionally
warehouses have been used for storage of goods which can range from any raw
material, packing materials, spare parts, components, or finished goods associated
with agriculture manufacturing and production, but recent developments in
e-commerce followed by COVID-19 pandemic have dramatically changed the face of this
industry. New technologies are emerging and being used in warehouse operations
to improve their effectiveness and make them as flexible and scalable.
At 3SC, we believe
that businesses should pay attention to these warehousing trends to keep their customers
happy & run profitable operations. These leading trends will help
organizations meet new customer expectations while ensuring growth.
Trends:
Warehouse Automation:
Automation is growing
steadily and becoming more and more practical. As per Research and Markets, the
global warehouse automation market is expected to grow at a CAGR of 14.24% by
2027. Autonomous vehicles, self-driving forklifts, and collaborative robots can
perform repetitive tasks and eliminate manual processes to ensure a more
efficient, safe and error-free operation.
Robots are taking wider roles in warehouse operations
such as sorting, picking, packaging, transportation intelligence, security etc.
IOT technologies are allowing warehouse managers to connect, track
and monitor several activities in the facility, they are also playing
significant roles in inventory management.
Adoption of 3PL Solutions:
There is a huge
opportunity in third-party logistics as companies are now shifting their focus towards
improving and overhauling their entire supply chain after covid to enable
faster & cheaper shipping of products to customers.
Modern companies such
as 3SC can take up various logistics operations such as Picking, packing,
shipping, returning, managing orders, fulfillment along with integrated supply
chain service to maximize customer support & optimize their overall supply
chain spend. We offer customers with a customized business fit &
commercially viable solutions to their dynamic needs.
Use of mobile technology:
Error free &
accurate daily operations is what every other organization expects from their
supply chain service provider. It is leading them to move towards mobile
technologies that can precisely track location of shipments using GPS
technology. Real-time asset tracking services using barcode scanning are
proving to be a boon for better reporting and flow of information. Smartphones
are lighter than bulky scanners and can take up tasks like scanning and feeding
data into systems due to which they’re now getting widely accepted into
operations.
Sustainable operations:
Sustainable practices
are highly focused on reducing carbon emissions in the logistics sector, but
even in warehouse operations, practices such as use of LED lights, building cool
roofs using sunlight reflecting materials, and solar panels can significantly save
costs, reduce wastages, and promote organizations “go green” initiatives at the
same time.
Additionally,
switching to electrical vehicles and efficient packaging practices will also be
a strong step towards sustainability. Today, going green is not just another
initiative, but it has become the responsibility of all.
Data driven warehouses:
Data helps warehouse
managers to monitor the condition of their assets, detecting repair
requirements and technical issues in real time. Better collection, processing,
and interpretation of data to determine corrective measures or identify
necessary improvements in warehouse operations provide them better insight into
their business and keep them ready for eventualities.
Warehouse technologies
continue to boom and become more and more advanced. It has now become more accessible
to manage modern warehouse using advanced technologies. Stay on top of the trends
in warehouse management & automation and to learn more on this, reach our
experts today!