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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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.

Addressing Labor Shortages in Warehouse and DC Operations

NC State SCRC

It removes age restrictions on interstate transportation by licensed commercial drivers and strengthens safety-training standards across the industry. Many other jobs such as Material Handler, pickers, and other general warehouse position are bretween $12,00-$14,000, with fork life operators making up to $16 range. The American Trucking Association expect a shortage of roughly 70,000 truck drivers in 2019, which will increase to 175,000 by 2026.

DC 40

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.

The Future Is Now for Logistics

Material Handling and Logistics

If things don't change, and we continue up this progression, by 2026, we will be at 170,000 drivers short. Warehousing is one link in the supply chain that needs to take a more active role in embracing technological innovation, according to the researchers. These measures further reduce warehouse capacity, driving rates even higher," the report says. But smaller players like 3PL warehouses can survive if they are willing to invest in relatively inexpensive technology.