Renewed e-commerce growth and a post-COVID-19 pandemic shift to “just-in-case supply chains” — a strategy focused on keeping large inventories on hand — will drive an uptick in warehouse construction in 2024, which in turn will fuel an increased demand for automation tools, according to a recent update from Interact Analysis, whose research focuses on global supply chain automation.
“Many companies now factor in a greater degree of unpredictability, and this has a knock-on effect on warehouse construction, with companies requiring higher inventory and therefore more storage capacity,” the research firm said in a press release. “This is likely to drive an increase in warehouse construction during 2024 and 2025, and, ultimately, growth in warehouse automation revenues in 2025.”
