#supply-chains

How China Could Wield Its Control of Rare Earths Against Trump

Why the Next Big Tech Companies Will Look Like Commodity Traders

DR Congo creates $100mn ‘Mining Guard’ to protect critical minerals

Finance ministers, stung by hit to economies, call for full Iran war ceasefire

Finance ministers from almost a dozen countries ‌led by Britain called on the U.S., Israel and Iran to implement their ceasefire in full on Wednesday and said the conflict would weigh on the global economy and markets even if it was resolved soon.

Technology has constantly transformed our way of living. We’re living in a whole new world that our ancestors could only have imagined due to the development of the internet in the mid-to-late 1990s and the growth of automation in the 2000s.

Warehouses benefit greatly from technological advancements and experience certain trends and faster growth rates. There are various ways to boost your warehouse’s productivity, from robotics to cloud computing and automation, etc.

We’ll continue to see new technologies and trends as warehouse management systems develop and evolve. In this blog, we’ll look at a few of the top warehouse technology trends for 2023.

Logistical and Tracking Advancements

Technological advancements and their integration in several aspects of business and economics have led to sweeping changes across industries globally. These innovations have resulted in the evolution of the logistics and tracking industry, thus impacting the future of warehousing.

Due to the massive innovations in recent years, industrial warehouse systems are now leading the charge on all levels of supply chain analytics and data processing. What used to be manual tasks & labor-intensive such as dispatching orders, updating tracking information, and processing payments, are now accomplished with the help of advanced technology. It will only get simpler over time for all tracking and logistical tasks.

Maintaining accurate inventory was a difficult task for warehouses in all industries, from clothing items and makeup products. Today, the warehouse tracking system can manage inventory and offer up-to-date numbers to warehouse managers and business owners no matter where they are in the world.

Artificial Intelligence/Machine Learning for Improvement

Due to continuous improvement in Artificial intelligence (AI) and machine learning (ML), computer programs gain more knowledge about a particular business’s inventory system. These programs can better integrate inventory levels and movement across complex networks and spot errors.