Undoubtedly, the logistics and supply chain industries will be at the forefront of the fourth industrial revolution. Warehouses, as the epicenter of supply chains, have undergone significant changes compared to a decade ago. The surge in customer base and the escalating demand for swift shipping has propelled the momentum of warehouse automation.
The warehouse automation market is characterized by its fragmented nature, attracting investments from diverse sectors such as robotics, IIoT (Industrial Internet of Things), AI, and machine learning. This market is fiercely competitive, with a handful of dominant players. Although the United States continues to hold a significant share, Europe and the Asia Pacific region are currently witnessing remarkable growth in the adoption of warehouse automation.
Let us dive into a few noteworthy trends shaping the landscape of smart warehousing.