Embracing industry 4.0: The smart warehouse revolution
February 13, 2024
February 13, 2024
The need for efficient warehouse operations has only grown with the rise of e-commerce and the need for greater resiliency from disruption in the end-to-end value chain. Warehouses play an important role in the relationship between companies and their customers, and inefficient operations can negatively impact customer satisfaction.
Companies are turning to warehouse automation in response. The right level of automation and autonomy enables faster, safer and more efficient day-to-day operations. It cuts costs and improves delivery times for a faster, leaner, and more scalable and sustainable operation.
Yet companies across industries are struggling to select the right solutions to get their desired returns on investments. They’re mixing innovation solutions with ‘tried-and-true’ approaches that ultimately hinder success.
Companies visualize new, quick-fix solutions and end up executing siloed, digital projects that add incremental value but fail to achieve the scalability required to drive strategic returns.
Getting distracted by the better mousetrap syndrome
Choosing one-size-fits-all solutions
Calculating ROI from a narrow perspective
Failing to integrate technologies
Inadequate leverage of human and machine intelligence.
To maximize potential, companies must adopt a new strategy that puts warehouse automation at the center of operations.
The key to successful warehouse automation is to be mindful of the expanding role of warehouses. Companies must transform their warehouses to deliver more impactful, longer-term value. With the right strategies, warehouses become more productive and efficient, drive customer-centric experiences and operate sustainably.
Our research can help make this ambition a reality. Accenture identified four key elements that are vital to transforming warehouses into drivers of new value and growth.
Companies cannot risk delaying a strategy shift to warehouse automation. The 24/7 digital economy we operate in, the impact of Covid-19 on supply chains, and the increasing consumer demand for instant, sustainable commerce are forcing companies to transform their operations.
However, old approaches to deploying new technology solutions will not deliver the expected levels of return: it’s time for a greater strategic shift. Companies must have the foresight to visualize the true, long-term potential of the right technology investments.
Warehouse automation and autonomy will result in more efficient, competitive operations, a thriving workforce, and a resilient business that is prepared for any opportunities or crises ahead. By leveraging the four key elements identified above, companies can succeed in their automation efforts and transform operations into well-oiled thinking machines.