Warehouse Automation - Intelligence for the win

Technology has already streamlined almost all operational, technical, and commercial processes in every industry possible.

Technology has already streamlined almost all operational, technical, and commercial processes in every industry possible. Freight Industry has also been fast-tracked, with blue-chip companies constantly churning out advancements in supply-chain-related technological solutions. Whether you're a transporter, freight forwarder, or warehousing company, technology has raised the bar for having a smooth process for every party involved.

Fundamentally, the process involves automating inventory transportation into, within, and out of warehouses to consumers with little human intervention. Automation has driven end-to-end supply chain visibility. Reduction in labor-intensive tasks such as repetitive physical labor and manual data entry and analysis has paved the way for efficiency as part of the automation initiative.

According to a report, "The global warehouse automation market is estimated to surpass 30 billion U.S. dollars by 2026 from 15 billion U.S. dollars in 2019." Another report by ResearchAndMarkets suggests that the market for automated guided vehicles (AGVs) and autonomous mobile robots (AMRs) will increase at a rate of nearly 35% per year, reaching $13.2 billion by 2026. Within the next 10 years, as autonomous 'robots' hardware and software develops, they may provide a competitive edge to enterprises. The integration of technology is scrubbing off many shortcomings and loopholes in the traditional way of how supply-chain processes work. Automated assistance is becoming faster and more efficient as sensors, dexterity, artificial intelligence, and trainability upgrades, and they also have safety features that allow them easier collaboration with humans.

Robots have given a cut-throat competition to traditional infrastructure, and businesses worldwide have joined in, smooth sailing into a roaring trade. Mobile robots and standard industrial robots are increasingly in demand by companies like Amazon, Walmart, FedEx, and UPS to conduct a variety of material handling jobs. "Finding enough personnel to keep up with demand is proving incredibly difficult," according to Burnstein, "which is why companies like these and others have increased their usage of robots throughout the pandemic." Navigation technology is evolving from automated to self-driving. The main advantage is that navigation is no longer dependent on infrastructure, allowing the workflow to be flexibly updated and streamlining numerous types of collaborative workflows between robots and humans.

The Future outlook 

Autonomous robots are ever-expanding, clinching many a deal. They are helping to define the supply chain by reducing long-term costs, providing labor and utilization stability, increasing worker productivity, reducing human error, reducing inventory check frequency, optimizing picking, sorting, and storing times, and increasing access to difficult or dangerous locations.

According to Frost & Sullivan's recent analysis, The global warehouse automation industry is predicted to nearly double in size by 2025, rising from $14 billion in 2019. The market for automated guided vehicles (AGV) is predicted to reach $4.6 billion, while the market for autonomous mobile robots (AMR) is expected to reach $6.8 billion. Countries with strong profiles will be able to narrow down the impact of the Covid-19 hit. Because of their strong position in terms of technology development and adoption of warehouse automation solutions, industrialized countries such as the United States and China will recover considerably faster.

In the last decade or two, automation has grown considerably more economical in the face of rising costs for labour, space, and time. A robotic palletizer, automatic stretch wrapper, or AS/RS system may seem overwhelming at first, but these methods have been proven in every industry. Any form of warehouse automation offers comprehensive solutions to companies, allowing them to achieve flexibility, cost efficiency, and scalability at the same time. Automation is a useful tool that comes in a variety of shapes and sizes. Although automation is available to everyone, investing in it does not guarantee that it will solve every problem or be the best fit. Reaping the benefits from a hyper scalable, automated robot depends on how well it compliments your growing business needs.