The future of warehousing in Asia
E-commerce represents 15 per cent of total retail sales across Asia-Pacific — that is the equivalent to $1.4 trillion US dollars. This figure is expected to more than double by 2021. As a result, warehouses across APAC are rapidly developing and it is easy to see why. Here, John Young, APAC sales director for obsolete parts supplier, EU Automation, discusses the future of warehousing in the region. The Asia-Pacific economy is the fastest growing region in the world and has the largest share of the world’s business to consumer (B2C) e-commerce market. To meet demand and remain competitive, warehouse managers are investing in efficient and ergonomic technology, such as wearables and Radio Frequency Identification (RFID). Wearable devices include smart glasses, watches and headsets, whereas RFID often comprise of tags and sensors that store data on a circuit or chip, such as a contactless card. Stretched funding Technology has become essential in warehouses and managers are budgeting to invest in and learn more about it. However, by funding new technology, the budget to spend on buying and replacing broken or inefficient machinery and equipment is often cut. As a result, old machinery is often still used beyond its reasonable life, which increases the risk of breakdown. If an older machine breaks, it can often prove difficult to source the correct part to fix it, particularly if it has been discontinued by the manufacturer. However, all is not lost. When an old piece of machinery or equipment fails, obsolete industrial parts suppliers like EU Automation can locate the correct part, saving costs for warehouse managers who don’t have the budget for new equipment. This means facility managers can still spend the budget they want on new technology. Robotic enhancement Similar to wearables and RFID’s, robots have been […]