Warehouses are facing a significant labor shortage – The majority of the market is 10-25% understaffed, with material handlers and forklift drivers to move pallets representing the largest labor gaps at 34% and 31% reporting difficulties in filling these positions, respectively.To analyze the current state of the material handling automation market, Vecna Robotics partnered with CITE Research to survey over 1000 supply chain professionals across industries including automotive, third-party logistics (3PL), consumer goods, manufacturing, e-commerce and retail to uncover the key trends, challenges, and opportunities in the market.īefore we dive into the details, here is a quick snapshot of the state of the market right now: This means that even small to medium-sized enterprises can now consider integrating advanced automation tools that were once the preserve of industry giants. The decreasing cost of sensors, advancements in artificial intelligence, machine learning, and the rise of the Internet of Things (IoT) are making sophisticated automation solutions more accessible and affordable. Technological advancements, too, play a significant role. Automation provides a solution by taking over repetitive and labor-intensive tasks, thus reducing dependency on human labor and, by extension, addressing issues related to labor shortages and rising wages. Finding skilled workers for manual tasks has become increasingly difficult, and retaining them even more so. Automated warehouses are more adaptive, able to quickly recalibrate their operations in response to external shocks, ensuring minimal disruptions to the flow of goods.įurthermore, the global labor market has been facing challenges, particularly in the warehousing sector. This has given rise to the trend of companies seeking resilience through automation. The race to streamline operations and optimize supply chains has propelled warehouse automation to the forefront of business strategies.Īdditionally, as we’ve witnessed, unforeseen circumstances such as global pandemics, political upheavals, or economic downturns can severely disrupt supply chains. The global rise in e-commerce, paired with heightened consumer expectations for quick and accurate deliveries, has placed immense pressure on the logistics industry. Warehouse automation is no longer a luxury but a necessity for businesses aiming to stay competitive in today’s fast-paced world.
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