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3 ways retail warehousing impacts profitability

6 River Systems

With more brick-and-mortar stores shutting their doors than ever before and demand for warehouse space on the rise, retail warehousing creates a profitable opportunity for many companies. Not only does retail warehousing enable companies to bolster regional distribution efforts and reduce last-mile delivery challenges, but the repurposing of prime real estate space is a boost to the economy, as well. Below, we’ll discuss three ways retail warehousing impacts profitability.

Technology Support in Integrated Business Planning: Automation, Augmentation and Human Centricity

Supply Chain Trend

Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. Autonomous – third wave – integrated supply-planning software will serve to enhance planning cycles.

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The Future of Retail Supply Chain: What’s in Store?

Logistics Bureau

Retailers have little choice but to respond, often without the luxury of breathing space in which to reimagine or repurpose their supply chain networks. There will be no such thing as a one-size-fits-all model for retail supply chains. For that very reason, innovation will be a constant quest for retail supply chain owners over the next decade or so, with three primary areas of focus likely to be: Multi/Omni-channel supply.

Why Taxing Automation is a Bad Idea

Talking Logistics

Today when most of us think of modern automation, grand images of million-dollar robots with giant arms completing complex (even dangerous) tasks in an automotive plant or complex warehouse fulfillment using automated storage and retrieval systems (ASRS) immediately come to mind. Restaurant chains such as McDonald’s and Panera Bread have been rolling out kiosks allowing customers to place their own orders.

The Myths and Benefits of Using a 3PL: Evaluation Criteria to Consider

Turvo

According to Supply & Demand Chain Executive , a new Global Market Insights Inc. report found that the global 3PL market would surpass $1,800 billion by 2026. They can also help manufacturers move more material with fewer assets while still meeting customer requirements.

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Transportation Innovation 2018

EFT

A lively discussion followed regarding how the technologies will affect the transportation and warehousing industries. Autonomous technology has been used in manufacturing and distribution centers for years where AGV are used for moving product throughout a warehouse. As the labor supply drops, wages will go up. Material handling and logistics forecasts that as soon as 2026 90% of new vehicles will be autonomous.