LogiMAT, the 17th International Trade Fair for Intralogistics Solutions and Process Management, concluded last week and it set some new standards as the biggest annual logistics exhibition in the world.
As a leading international trade fair, it provided a comprehensive market overview and served as a knowledge-transfer platform. When you participate at an event of this size and scope, it can be challenging to sift through the noise and figure out what to take away and apply to your business operations.
After attending LogiMAT 2019 and reflecting on what I heard talking to countless warehouse/logistics managers, and solution providers, I came away with the following few best practices that will drive the retail ecosystem in the next few years.
Technology as the key driver
It’s no secret that technology in the warehousing and logistics space has been changing the way we do business, but many view tech as nothing more than a baseline expectation. Now, with the increasing convergence of physical and digital spaces, managers are recognizing that technology is core to their business — a strategic element of how they operate and perform.
Many discussions that took place were about the need to invest in innovative tech solutions, like warehouse management robotics systems and warehouse execution software, that help create better experiences and optimize large and complex operations in warehouses, and even help to adapt to changing business demands like product complexity, shorter development cycles and mass customization.
A software-centric approach is key to drive order fulfillment properly, adapt to changing business needs, maintain appropriate levels of inventory, and scale in a seamless manner.
Flexible and Modular Approach
One could identify that there is a clear need for technologies that help foster business agility and faster strategy execution that can support ever-evolving operations.
In this event, Industry experts viewed 'flexible technologies' as a game changer for supply chain automation. The systems that can make use of modular structures and components, can handle complex tasks, are easier to deploy or move, and has an intelligent software backbone; is a win-win for all. The agility and self-learning intelligence help operations become more transparent which help in faster decision making. Flexible warehouse automation will provide the business agility needed to realize faster ROIs.
The tendency of consumers to use multiple channels - stores, web or mobile - to make a purchase is driving many companies to implement an Omni-channel supply chain. With this change, there is a growth in complexities and uncertainties.
The warehouse automation systems that are flexible and dynamic can quickly adapt to handle increasing complexities and thus, manage dynamic orders across channels seamlessly. It has become imperative to select and invest on technology that are ready for not only today but also tomorrow.
Largely, the show was about evolution and acceptance of new technologies, and also the trends that can help you optimize warehouse processes to bring the utmost flexibility in a warehouse / fulfillment center/ Distribution Center.
To know how GreyOrange products enable supply chain to get ready for both today and tomorrow with their Intelligent autonomous robots, Contact Us