Although nearly every research study and industry survey suggests the Internet of Things market is growing rapidly, plenty of companies are holding back from pursuing IoT opportunities. Ironically, the possibility of a long-overdue financial downturn in the next few years could force executives to put aside their apprehensions and finally launch new IoT initiatives. The vast majority of current IoT deployments are limited in scope and are mostly in trial or development phases, according to a recent Strategy Analytics report.
Retailers will definitely need to invest in supply chain efficiencies if they want to compete in this increasingly automated world. Instant fulfillment is becoming the norm as consumers demand faster deliveries at cheaper costs.
However, the IoT is just one way retailers can automate cumbersome processes related to tracking, replenishment and repricing. It all starts with effective warehouse management - how you lay the foundation for fulfillment excellence will affect long-term success.
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Next Downturn Could Have Silver Lining for IoT
Posted by: Jeffrey M. Kaplan April 7, 2017 05:00 AMAlthough nearly every research study and industry survey suggests the Internet of Things market is growing rapidly, plenty of companies are holding back from pursuing IoT opportunities. Ironically, the possibility of a long-overdue financial downturn in the next few years could force executives to put aside their apprehensions and finally launch new IoT initiatives. The vast majority of current IoT deployments are limited in scope and are mostly in trial or development phases, according to a recent Strategy Analytics report.
However, the IoT is just one way retailers can automate cumbersome processes related to tracking, replenishment and repricing. It all starts with effective warehouse management - how you lay the foundation for fulfillment excellence will affect long-term success.