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High consumer expectations for fast deliveries are prompting retailers to turn toward automation to help speed up distribution. Almost 28% of warehouses globally are expected to be using commercial robots by 2025, up from just 3% in 2018. Since 2015, $1.2 billion in U.S. venture-capital has been invested in logistics-focused robotics and automation, and the broader market for warehousing and logistics market is expected to top $80 billion in 2023.
Tight Labor Market Encourages Automated Forklifts
Automated forklifts are becoming a reality in warehouses, as qualified and reliable workers become harder to come by. These forklifts can reduce product damage and prevent physical injury to warehouse workers, as well as improve productivity and accuracy. Many of the forklifts can also integrate with a WMS or ERP.
25% of SMBs’ Logistics Strategies Are Influenced By Amazon
Supply Chain Dive reports that one in four small to medium-sized businesses say that Amazon and Walmart’s one-day shipping offering will influence their logistics strategy in 2020. 47% of those surveyed said they plan to increase shipping and logistics spend, with many focusing that spend on new technologies.