LOGISTICS AUTOMATION MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Addressing Labor Shortages

The logistics industry has long grappled with issues related to labor shortage and rising employee costs. Manual material handling processes require a sizeable workforce which is becoming increasingly difficult to hire and retain. Automation provides an attractive solution to this problem by reducing dependency on human labor for tasks that can be standardized. Moreover, automated systems are capable of working tirelessly in ergonomically difficult, hazardous or repetitive jobs with high accuracy and productivity. This ensures uninterrupted operations even during times of labor constraints. The coronavirus pandemic has further disrupted the availability of temporary logistics labor as people opted to stay indoors for safety. Automation helped many companies maintain business continuity during this period without risking the health of employees. Going forward, an aging workforce and low unemployment rates in developed markets will continue posing challenges for recruiting and training employees for logistics operations. Automation offers a sustainable way to overcome these roadblocks and future proof warehousing/distribution processes with a skills-independent workforce.