Anise Madh, who serves as GM of Global Infor Practice at Wipro, a leading provider of e-commerce and mobile solutions for Infor CloudSuite ERP M3 and LN, is at the forefront of the warehouse management industry as we move further into 2024. As warehouse management professionals seek the latest tech and automation solutions to enhance efficiency and cost savings, forecasts indicate that warehouse automation is poised to grow significantly. By 2025, the market value of warehouse automation is expected to exceed $37.6 billion, with a compound annual growth rate of approximately 10% from 2021 to 2030. This trend highlights the importance of staying updated on the latest technologies and trends in automation for warehouse managers and business leaders.
One key trend in warehouse management is enhanced visualization, which allows warehouse managers to gain better control and visibility of their operations. By utilizing big data and AI machine learning, warehouse management systems can improve forecasting, inventory management, and overall operational efficiency. Companies are investing in emerging technologies that provide warehouse managers with the tools to visualize warehouse processes and manage inventory effectively. By leveraging these capabilities, warehouse managers can enhance customer service, reduce costs, update inventory status proactively, minimize errors, and mitigate risks.
Another trend gaining traction in warehouse management is the adoption of augmented reality (AR) and wearable technologies. Warehouse operations, typically labor-intensive and fast-paced, can benefit greatly from using machine learning and AI technology to reduce physical labor on employees. AR can digitize warehouse operations, providing a more interactive and streamlined environment for employees. Additionally, wearable technologies like smart glasses and intelligent gloves can optimize productivity by offering hands-free mobility and detailed information about warehouse items. Assessing the current state of the facility and identifying areas of improvement can help IT leaders and warehouse managers determine the best strategies for implementing AR and wearables.
Looking ahead, the future of the warehouse management industry holds significant potential for growth and innovation. Embracing automation and technological advancements can lead to increased operational efficiency and business growth for warehouse managers and business leaders. Staying informed and engaged with upcoming trends in the industry is essential for maximizing tech investments and positioning organizations for success in 2024 and beyond. By keeping abreast of these developments and actively engaging with new technologies, warehouse managers can ensure that their organizations are well-equipped to succeed in an increasingly automated and technology-driven landscape.
