By: Praveena Dileepan -- Research Analyst, Capex-MRO
02 September, 2016
With globalization, there has been an increase in world trade. As a result, the transportation of goods too has increased around the world. The organizations are continuously striving to increase their sales and profits. They also have to cope with market changes such as short product life cycle and high level of seasonality.
Other challenges related to market and warehousing include inadequate visibility of inventory, lack of inventory oversight, inefficient space utilization and unbalanced business growth. All these challenges coupled with growth in online retail sector demand a flexible and efficient material handling system. In this article, we discuss the current market scenario and the parameters to be considered while sourcing material handling equipment (MHE).