target audience: TECH SUPPLIER Publication date: Feb 2024 - Document type: Market Perspective - Doc Document number: # US50783123
Warehouse Reinforcement for 2024: Exploring the Latest Advancements for Warehousing
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Abstract
This IDC Market Perspective provides an in-depth view for warehousing in 2024: the proliferation of automation, adaptable operational approaches, migration to cloud-based systems, the integration of big data, and a focus on customer-centric operations. In response to the growing demand for warehousing services, there will be a concerted effort to adopt more automated solutions, including robotics, machine learning, and artificial intelligence.
The handling of inventory will be significantly streamlined, with companies benefiting from improved visibility across their supply chains. Utilizing data analytics, businesses will extract valuable insights into customer behavior, inventory trends, and product preferences. The in-depth analysis of data will allow companies to make more informed decisions.
"As technology advances, warehouses will operate at increased speed and agility when gaining the capability to access real-time data. The strengthening of such developments will culminate in a more modernized and effective warehousing industry in 2024." — Roderick Gaines, research director, Warehousing, Inventory, and Order Management at IDC