Category: Business, Technology, Services

The logistics industry continues to feel growing pressure from various stakeholders to increase the speed of product movement while simultaneously managing their costs. In 2010, total logistics expenses were over 2.3 trillion dollars (in the US), with warehousing making up a large percentage of total logistics costs. As a result of rising levels of inventory, increasing labor costs and consumer desire for near-instantaneous delivery, companies are being forced to rethink the way they use both warehouse space and warehouse operational processes. Due to the current environment, even small amounts of inefficient processes can drastically impact profitability.