Warehousing and supply chains are becoming more and more technology driven and we’re seeing a big jump in technology investments in an effort for businesses to “transform or die”. Back in 2011 the term Second Economy was coined. This predicted the biggest change since the industrial revolution with the second economy as large globally as the first economy.
In 2021, International trade association MHI and Deloitte polled over 1,000 supply chain professionals. The findings report strong current adoption rates across technologies, particularly – but not surprisingly – for robotics and automation (28%). What is interesting though is the high adoption rates these business leaders forecast for analytics (82%) and artificial intelligence (73%) within the next 5 years.
So, will robots, AI, remotely operated digital forklift drivers and the like be running your warehouse soon?
Read more about this fascinating technological evolution we’re all a part of in our article here.