The pandemic has been both a blessing and a curse for logistics providers like warehouse operators. Some businesses have seen revenues squeezed tight, to date, 42% of UK businesses have reported less revenue than normal. Some are grateful to continue to operate. Whilst others have enjoyed a boost in revenues.
Here are some of the warehouse winners and losers during the lockdown. To help give you some ideas of how to evolve your business during these unprecedented times.
Without a doubt, the biggest winners during Coronavirus are facilities that have embraced automation. The push toward automation has been steadily gaining momentum for at least 10 years. Covid-19 is just the straw that broke the camel's back.
The danger facing warehouse workers contracting Covid-19 is the greatest risk facing warehouse owners and logistics providers. Automation helps to protect workers by eliminating this risk while allowing a facility to remain productive. What's more, rugged hardware solutions like mobile workstations can help businesses manage the challenges of social distancing.
Supply Chain Disruption
Perhaps the biggest losers among the winners and losers are those who failed to diversify their supply chains. A staggering array of industries rely on products from China for their supply chain. The embargo on goods from China has swept this sector of logistics providers like an epidemic. Some businesses may never recover but those that do may already be looking at diversifying their supply chain beyond a single location.
Some news from the other side of the Atlantic sheds light on the shifting state of the sector. A recent Jobs Report from the United States shows that the Warehouse Manager role is the 6th most in-demand position. Transportation and logistics hiring increased by 7% in March, as well.
Clearly, warehousing, transportation, and logistics are playing an important part during the pandemic. Processes are also being tested – larger teams drive higher demand and usage of equipment like mobiles. Critical hardware that needs to remain charged and operational at all times.
Warehouse Management Systems [WMS]
Businesses have been transitioning to more efficient models using the latest business technology for the entirety of the 21st Century. This process has been greatly accelerated by the uncertainty caused by Coronavirus.
WMSs are predicted to rise by 14% due to Coronavirus. Retail and medical supplies are anticipated to be particularly affected.
There's no telling what the new economy will look like when Coronavirus settles down. This is a time for innovation and new solutions. Those who adapt will be well situated in the wake of Coronavirus, no matter what the new economy might look like.
Looking for Rugged Hardware Solutions?
As we emerge from lock-down, winners and losers alike will need to think differently about technology. This also means planning for an increased need for more reliable industrial charging hardware and accessories to help ensure the smooth running of the operation.
To learn how we can help future-proof your business, contact us today with any questions you might have!