Automation: A way to survive
Among the major players in material handling and warehousing space, CEO, Maini Materials Movement talks about the current scenario of the warehousing and the Material Handling Equipment (MHE) industry and company’s future plans to cater to the ever increa
customer satisfaction by ‘delivery on-time of undamaged and accurate orders’.
Warehouse automation is an upcoming technology in India. However, implementation of this technology is limited to the large players, while most SMEs in India are yet to adopt it. Warehouse automation requires considerable investment in the beginning, while the benefits are only realised after a while. However, as the need for efficient warehousing and traceability grows, even smaller warehouses are being compelled to introduce some degree of automation into their processes and will no more be an alien concept for any warehouse in India. ply and demand will continue to bring in the element of risk management, the urge to deliver “more with less” will continue to drive the focus in the growing field of intra logistics, skill gaps and business pressure, forcing adoption of methods to increase efficiency and balance customisation with consolidation. The question remains, are we prepared for the future?
The current economic scenario of MHE industry is promising. Cost competitiveness, demand, easy financing schemes, new product offerings, infrastructure development and enabling regulatory environment are the key growth factors for the Indian warehousing and MHE sector. floor space and hence reduces product loss. It curtails storage costs by decreasing space requirements to as much as 50 per cent, energy consumption up to 80 per cent and labour costs up to 70 per cent.
Industries in India need to realise the significance of warehouse automation to survive amid growing competition. Through automation technology, warehouses can improve their inventory accuracy and enhance operational efficiency.