Smart Warehousing: Cyber-Physical Systems in the Warehouse

The prolonged lockdown measures, enforced stay-at-home orders, limitations on transportation, and increased absenteeism due to the COVID-19 pandemic have laid bare numerous vulnerabilities within the global supply chain, disrupting its operations. According to Accenture, an overwhelming majority (94%) of Fortune 1000 companies encountered disruptions in their supply chains as a direct result of the pandemic, leading to detrimental effects on their business performance. In response to these challenges, many businesses found themselves compelled to depart from traditional supply chain practices in order to mitigate the widespread negative consequences of these disruptions.

Smart Warehousing Cyber-Physical

A survey conducted by McKinsey among senior executives spanning various industries revealed that a significant majority (93%) of respondents expressed their intention to enhance the flexibility, resilience, and agility of their supply chains. One effective strategy pursued by companies to achieve this objective involves embracing innovation that enhances the value delivered to both supply chain partners and customers by digitizing processes and improving communication channels. Central to this innovative approach is the harnessing of knowledge creation, integration, automation, and virtualization within supply chain activities. Leveraging the capabilities of the fourth industrial revolution, commonly referred to as Industry 4.0, this initiative seeks to drive substantial productivity enhancements by facilitating greater access to real-time information and facilitating digital transformation.

Download Whitepaper