Editorial
Welcome to the ever-evolving world of warehousing management, where storage spaces have transcended their traditional role to become the backbone of global commerce. By 2027, the industry is poised to skyrocket to a staggering $605.6 billion.
But it’s not all smooth sailing. In recent years, unexpected challenges have led businesses to adapt quickly to meet changing customer demands and supply issues. Remember the rush for online groceries and e-commerce during the height of the pandemic? It’s moments like these that redefine the game, pushing warehouses to juggle a complex mix of products and processes like never before.
In today’s dynamic market, efficient internal logistics aren’t just desirable—they’re essential. That’s why we’re honing in on warehousing management in this edition of This Week in Consulting, revealing the keys to success in this critical arena.
From Warehouse Diagnostics to KPIs like ABC and Pareto analysis, we’re arming you with the tools to navigate these choppy waters. As labor shortages and supply chain woes persist, businesses are turning to automation in droves. But as with any game-changing tech, success hinges on strategy. We’re breaking down the dos and don’ts, helping you steer clear of pitfalls and embrace best practices.
So, grab your coffee, settle in, and join us on this journey through the ever-evolving world of warehouse management. And when you’re done, we want to hear from you. How do you see warehouse management shaping the future of global trade in these uncertain times? Let’s start the conversation.
Laurent THOMAS
Chairman Consulting Quest
This week’s must read
In this edition of This Week in Consulting, we’re diving deep into the world of warehousing management, uncovering the secrets to success in this high-stakes game.
This article by Renoir Consulting highlights the evolving role of warehouses in global trade, projecting a $605.6 billion industry by 2027. It emphasizes the importance of efficient warehouse management in ensuring smooth supply chains and customer satisfaction, offering best practices and benchmarks for excellence.
This week’s media
In this Supply Chain Secrets video, Rob O’Byrne offers tips on Warehouse Diagnostics, discussing essential KPIs like ABC and Pareto analysis techniques.
Thought Leadership
Futurism Technologies discusses IoT’s impact on warehouse management, emphasizing enhanced visibility, improved inventory management, predictive maintenance, streamlined order fulfillment, and cost reduction.
This article by BCG highlights the surge in warehouse automation among consumer-focused businesses, driven by labor shortages and supply chain complexities. Despite challenges in piloting and scaling, successful strategies emphasize understanding warehouse archetypes, maximizing ROI pre-automation, and adopting comprehensive agile approaches.
This Supply Chain Junction article delves into AI and machine learning’s transformative role in warehouse management, including productivity, communication, labor costs, logistics, inventory, robots, visibility, data insights, and supply chain optimization.
This article by McKinsey highlights the surge in supply chain robots and warehouse automation, driven by the need for resilient supply chains. Companies are investing significantly, but success hinges on clear strategies and understanding technology, with pitfalls to avoid and best practices to follow.
This week’s consulting news selection
AlixPartners, a global consulting firm, has announced that it has entered into an agreement to acquire the majority of the operations of leading automotive consulting firm, Berylls.|
Kroll, the leading independent global risk and financial advisory solutions firm, has announced the appointment of Jennifer Huntington as Chief Operating Officer.|
Scyne Advisory has made further appointments to the Group Leadership team. Melissa Wong will join as CPO, Richard Hilliard will join the business as CEO, and Sarah Niederle will join as Chief Risk Officer.|
Develop Consulting, a leading management consulting firm specialising in healthcare, construction, manufacturing and airport operations, has announced a number of promotions and team updates across the organisation.|
Laurent is the Chairman and Co-founder of Consulting Quest. Focused on greater value creation, and being thoroughly familiar with Consulting, Laurent has sourced and sold millions of dollars worth of Consulting over the course of his career. Prior to joining Consulting Quest, Laurent was Executive Vice President Oil and Gas at Solvay and Senior Partner Transformation at Oliver Wyman.
