In the ever-evolving manufacturing realm, few sectors witness transformations as swift and constant. The perpetual evolution of consumer preferences shapes the landscape, the consistent disruption brought by innovative technologies, fluctuating regulatory frameworks, and the regular transformation of business models. Adapting to these unceasing shifts in the market has become necessary, requiring organizations to embody a heightened sense of agility.

Andrew Kinder, Senior Vice President of Industry Strategy with our partner, Infor, recently described how we find ourselves amidst the most volatile and uncertain period in recent memory. In this environment of compounded uncertainty, agility is not just an ideal trait but an absolute imperative for maintaining competitiveness.

In this article, Infor's Jerry Beaston discusses how 2024 warehouse management trends include the expansion of more strategically located, state-of-the-art warehouses driven by the e-commerce boom.

It also highlights key trends in the global warehouse management market. As of 2022, the market is valued at $3.4 billion and is expected to grow at a CAGR of 19% from 2023 to 2030. The e-commerce boom has driven demand for advanced warehouses to meet evolving customer expectations. Key trends for 2024 include the expansion of warehouses, addressing labor shortages through automation, increased adoption of AI and machine learning, integrating immersive tech for employee efficiency, the impact of IoT on real-time data analysis, and the rise of cloud computing in warehouse management software. Companies that embrace these innovations will gain a competitive advantage in 2024. 
                                     

While sound supply chain management principles can apply to practically every organization, each supply chain is as unique as the businesses it supports. Every supply chain must include its unique blend of elements, such as product mix, go-to-market objectives, and supplier management strategy that best fits its markets.

Industry analysts sometimes squabble over the pros and cons of single-tenant versus multi-tenant deployment. While single-tenant deployment may have been a viable solution for some organizations recently, multi-tenant deployment offers numerous benefits for organizations looking to modernize their operations. As a true cloud-based platform, multi-tenant deployment can provide vast storage, speedy implementation, and advanced security capabilities.Multi-tenant vs single-tenant cloud deployment

Whilst ERP (Enterprise Resource Planning) is the business management tool used across the organisation, a manufacturing execution system (MES) software is exclusively designed to be used in the factory environment to orchestrate, trace, record, and monitor the entire manufacturing process, from raw materials to semi-finished and finished goods. 

Positioned as an intermediary layer between Enterprise Resource Planning (ERP) and process control systems, an MES empowers decision-makers with crucial data, enabling them to enhance plant floor efficiency and optimize production.  
 

As the manufacturing world continues to evolve to meet new challenges, there’s a step-change in innovation for the products and services that are delivered and supported. Many industry insiders are expressing the need for a focus on driving sustainable (and profitable) business growth. Deloitte suggests digital investment and supply chain resilience as the key pillars. Partnerships are also increasingly important to achieving sustainable business growth, whether that’s upstream or downstream within your supply chain or enabling partners such as application and technology providers.

In all of those partnering scenarios, it’s important to have a common understanding of your desired outcomes, so you can ensure you’re all speaking the same language, which helps shorten the time to value. Manufacturing is shifting towards industry-specific applications and these applications are now nearly always delivered in the cloud to maximize adoption, flexibility, availability, and security, as well as reducing through-life cost of ownership. In fact, Gartner forecasts end-user public cloud spending to grow by 18% through 2021.