Kardex reveals the three hottest inventory trends in 2023
Published: April 25, 2023, 10:00 a.m. Updated: May 2, 2023, 10:21 a.m.Disruptions in the supply chain, increasing customer demands and lack of labor resources are today eating away at warehouse efficiency in industry. But there is much to be gained with innovative solutions. Kardex’s annual Trend Radar shows that modern, automated warehouse solutions, robotics and predictive analytics enable increased growth and large financial gains. Kardex Trend Radar monitors trends to ensure Kardex and its customers are at the forefront of innovation. Based on internal resources, industry experts, and global data, Kardex presents its 2023 Warehouse Insights Report. The report discusses the latest intralogistics trends, illustrates the importance of using new technology and robots for its warehouse automation and predictive analytics, and focuses on which modern tools will ensure warehouses remain efficient and productive in 2023 and beyond.3 hot trends: Flexible inventory management systems Flexible and dynamic systems are the key to managing inventory fluctuations with speed and precision, enabling high product availability and optimizing order fulfillment. Modular and scalable systems adapt seamlessly to operations, enabling internal expansion without forcing relocation. Warehouse automation with robots Driven by rapid technological advances and better affordability, robotic solutions are rapidly entering the supply chain. Robots bring speed and precision to struggling processes across the supply chain. They support processes with zero defects, increase productivity and lower costs while increasing flexibility to meet customers’ rapidly changing needs.Predictive analyticsBusinesses today operate in a world that is increasingly uncertain and changing. Therefore, it is increasingly important to use data, statistical algorithms and machine learning to predict future events. Instead of rigid processes, future decisions will be made more autonomously by systems that use algorithms. This algorithm-based analysis method will enable more flexible, faster and more cost-effective production. Companies worldwide are looking for ways to maximize their internal resources, and experts expect global warehouse automation sales to reach an estimated €39 billion by 2027 with an annual growth rate of around 15 percent.*Kardex uses sophisticated technology to globally monitor over 2,700 machines through its Kardex Connect software system. Industry leaders expect the adoption rate of predictive and prescriptive analytics for supply chain innovations and technology to increase from 28 to 79 percent over the next five years.** – As unprecedented challenges disrupt warehouse processes, Kardex closely monitors inventory challenges and technology trends and adapts solutions to ensure customers’ facilities remain state-of-the-art, says Ruud Hoog, Senior Director Business Development.About KardexWe are one of the world’s leading manufacturers of warehouse automation and offer our customers flexible, customized warehouse systems. Kardex installs and services both simple, scalable solutions and large, fully automated flows for customers in e.g. e-commerce, manufacturing, electronics, the automotive and food industries. www.kardex.com Read the Report Trends Shaping Intralogistics in 2023 * $41 Billion Global Warehouse Automation Market (2022 to 2027) – by Technology, In-dustry and Regions – ResearchAndMarkets. com | Business Wire** Evolution to Revolution. Building the Supply Chains of Tomorrow. 2022 MHI Annual Industry Report. The article is produced by Brand Studio in collaboration with Kardex and not an article by Dagens industri
