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.

5 Reasons Why You Should Go for Paperless Warehousing

Vinculum

Warehousing is critical in movement of goods from manufacturer to the end customer. Whenever we come across this term ‘Warehouse’, we imagine a big closed place which is used for storage of the goods to be transported, whether inbound or outbound, trucks moving to and fro, lot of labourers would be working etc. The Indian warehouse market was worth INR 561 Billion in 2018. To cater this market demand investors are investing heavily in warehousing projects.

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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. Since the dawn of manufacturing, business owners have always looked for ways to automate processes.

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

Turvo

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.

3PL 62

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

Supply Chain Trend

For over a century, we have seen increasing automation in supply chain, especially in manufacturing and the pace has quickened in the past decade with robotization in production, warehousing, and transport.

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. Material handling and logistics forecasts that as soon as 2026 90% of new vehicles will be autonomous. When a self-driving vehicle causes damage, who gets sued the manufacturer, operator, or owner?

Top 13 Asian eCommerce Marketplaces

Vinculum

The undisputed world leaders in manufacturing and exports have also steadily taken over the e-commerce sphere, sitting pretty as the largest e-commerce market in the world. billion in 2017 to $200 billion by 2026. Tmall primarily sells branded goods to customers across China using special warehouses. An exploding population has its benefits too as China has proven repeatedly over the years.

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

Logistics Bureau

Perhaps stores will become more like showrooms with shopping floor space turned into mini-warehouses, from which online orders will be locally fulfilled. While robotics and automated warehouse systems assist supply chains to move faster, cloud computing will help retailers, suppliers, customers and partners to play nicely together. While talking technology, retail companies will need plenty of it to meet the challenge of last mile distribution in 2026 and beyond.