Due to the country’s growing e-commerce and manufacturing ecosystem, the Indian industrial real estate sector has been on a stable path over the past few years. However, the past two years, combined with the COVID-19 pandemic and the resulting uncertainty, have put greater emphasis on the usage of automation in warehouses.
In terms of integrating technical developments, the country’s infrastructure is still underway. The industry is adjusting to new social distance laws, under pressure to distribute a larger number of critical commodities, battling to fulfil same-day delivery deadlines, or attempting to expand remote work capabilities. Grade-A warehouses and smart warehouses with coming-of-age technology, emerged as the one-stop solution, meeting all of the necessary requirements.
Artificial intelligence can change the warehouse industry’s technology paradigm. Major procedures, ranging from delivery management to storage optimisation are being dramatically improved thanks to AI. Automation and smart technology are significant driving forces in today’s industrial age, and they also play a key part in the definition of smart warehouses.
Through technical developments, the logistics and warehousing sector can generate further upheavals, reducing the sector’s hurdles. The logistics business is undergoing a revolution and consolidation that is bringing order to a previously disorganised industry. Companies should adopt digital technology to be competitive in the face of disruptions, and resilience and agility are the order of the day.
The pandemic has highlighted the importance of logistics since the industry was able to maintain some sense of normalcy by ensuring that commodity distribution did not suffer throughout the crisis. With the help of automation and smart technologies, we have seen a rise in productivity. Through the integration of robotics and automation, the industry has been able to cut training time in half and increase pick-up rates.
Given the disruptions in supply chains, the tendency of shifting data to the cloud has only escalated. It provides for more accurate judgments and simpler cooperation with suppliers and partners by allowing on-demand, real-time access to inventory data. Supply chain managers can more readily track inventory and take action to correct supply/demand imbalances thanks to the development of cloud computing, particularly cloud-native software platforms. As many businesses have switched to a work-from-home paradigm, remote access has become critical. It’s a fantastic opportunity to replace old inventory and warehouse management systems, given the current focus on supply chain resilience.
Businesses can attain their goals more quickly by collecting data at every step, from the state of raw materials flow through the condition and placement of final items, using sensors and ever-improving internet access.
For the logistics and warehousing industry, the future seems promising. The industry will benefit as a result of the information gained during the pandemic-plagued years, the emphasis on building stability, the expansion of e-commerce, the hastening of digital channels and the adoption of newer technology. There is no doubt that the future of logistics is now. Based on how well organisations embrace these innovations, customers will use this as a criterion for picking their service providers in the future.
TECHNOLOGY ADOPTION IS THE MOST IMPORTANT FACTOR FOR ORGANISATIONS TO PROVIDE A ROBUST SUPPLY CHAIN, AND MANUFACTURING AND DISTRIBUTION STRATEGY. IN THE WAREHOUSE INDUSTRY, SMART TECHNOLOGY HAS THE POTENTIAL TO HELP DRIVE PERFORMANCE.