Projected Growth for the Material Handling Industry
Posted by admin on March 8, 2012
The global economy is showing tremendous signs of improvement, which can only mean great things to come for the material handling industry. In regards to the retail supply chain, 2012 will be a year of growth and development, where companies shift from cost cutting to growth in production, sales and staff.
In a report sponsored by Accenture and conducted by the Retail Industry Leaders Association (RILA), the study revealred that 64 percent of supply chain companies are projecting higher revenues in 2012 than in 2011. It was also noted that there will be more focus on balanced service-to-cost strategies and stronger cross-channel alignment as retailers have realized the value of efficiency and effectiveness in multi-channel retail. The most promising areas of investment for many material handling and industry retail companies are within software and technology, process improvement, facility design, management development and workforce training. WAIT! There is more to read… read on »