The surge in demand from e-commerce orders since the start of the pandemic pushes warehouses to adopt greater technology to keep up efficiency. According to ABI Research, more than half a million robots are likely to be shipped worldwide in 2030 with an annual compound growth rate of 40% from now until then. Automated storage and retrieval systems are also on a steep incline, with Swisslog, Körber and Bastian Solutions leading the way.
Per ABI Research:
- The global AS/RS industry is set to be valued at over US$18 billion by 2030, with a year-over-year growth of 9% from 2021 to 2030. AS/RS consists of a variety of computer-controlled systems for automatically placing and retrieving loads from defined storage locations, ideal for high volume of loads being moved into and out of storage.
- This trend falls in line with the fact that the logistics sector has been experiencing high volume over the past year. Parcel shipping reached 95 billion in parcel volume globally in 2020, this volume is expected to double by 2026, with a 14% CAGR between 2020 and 2026.
“Productivity technologies can achieve far greater return on investment if correctly combined with other technologies. For example, by combining location tracking data with a voice solution, warehouses using a Warehouse Execution System (WES) platform can optimize workflows by minimizing distance traveled based on where the worker is,” saysAdhish Luitel, industry analyst, Supply Chain Management and Logistics at ABI Research.