Efficient Inventory Management with Digitization

Subscribe To Read This Insight

By Adhish Luitel | 1Q 2022 | IN-6420

 

Surging E-Commerce

NEWS


Since the start of the COVID-19 pandemic, the world has observed a profound transformation of the reality of business. We are witnessing a rapid digitization of organizational processes and a significant change in consumer habits. The growth of e-commerce is a sign of this transformation. The pandemic has triggered an extraordinary increase in demand for order volume. In 2021, e-commerce revenues are expected to account for over 18% of retail sales worldwide and is expected to be 22% by 2023. To keep up with rising consumer demand, the supply chain and logistics sector has been rapidly evolving with recent operational and technological breakthroughs. As order volume rises at an uncontrollable pace, there is a growing need for warehouses to enhance efficiency to the fullest.

Uncertainties Trigger Need for Enhanced Inventory Management and Digitization

IMPACT


Ongoing global supply chain disruptions have also resulted in companies switching from a just-in-time structure to maintaining significant inventory levels at warehouses. Inventory management h…

You must be a subscriber to view this ABI Insight.
To find out more about subscribing contact a representative about purchasing options.

Services