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E-commerce has taken the retail industry by storm and is expected to continue to grow in the coming years. At the same time, consumer spending habits change, as well as changes in the way suppliers and manufacturers respond to this growth. The rise of e-commerce in particular is changing the way warehouses are designed and operated.
According to estimates, the compound annual growth rate (CAGR) of the global warehousing automation market is expected to reach 12.6% in 2023, including private equity firms joining in acquisitions to improve products and services and increase revenue.
With the soaring volume of e-commerce transactions, the demand for logistics is also rising. In the process of industry transformation and upgrading, smart technology has become one of the keys to industry development.
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