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.  
 

The food and beverage industry is undergoing fundamental changes in how consumers buy and what they want to know about the products. At the same time, the industry faces an increased focus on healthy eating by consumers, companies, and governments. Adding to this is a rapidly changing competitive environment with a proliferation of new channels, producers, and products that compete with established brands and outlets.

If these challenges weren’t already enough, today’s companies are also facing unprecedented changes that stress innovation, business model evolution, and supply chain agility. Having the right products with the right content and characteristics, and the right information clearly displayed is necessary. But even all that isn’t enough to guarantee success. The products must also be positioned in the right places at the right time for customers to be able to buy—and that’s the job of the supply chain.

To keep up with all of this, an effective food and beverage supply chain must be fully in sync with the consumer through technology-enabled sensing to satisfy multiple channels with seamless visibility and fulfillment.

Managing global freight and ocean container movement now requires more dedicated insight as companies have expanded internationally. And no event outside of COVID-19 has exposed just how extensive, yet fragile, logistics networks and capacity flows have become over the last several decades.

To adapt, some manufacturers have adopted progressive supply chain approaches that move from "lean models to more flexible ones like "sense and respond." But not all businesses have successfully met the challenges.

Globalization forces supply chains to consider all events, from regional holidays and ocean weather patterns to geo-political turmoil and currency fluctuations. Moreover, 2020 introduced yet another element: navigating a global pandemic.

The evolution of supply chain business models has been accelerated by unprecedented disruptions. As a result, there has been a clear shift from analog supply chains models of the past into a trajectory towards a digitalized ecosystem. These new business models recognize and necessitate the move to a digital and integrated supply chain that provides visibility and ease of use for consumers.

This journey is about moving towards a world where all parties participating across your network are connected to a single version of the truth. Supply chain thinking is shifting from ‘linear supply chains’ to ‘supply chain eco-systems’ propelled and supported by digital technologies.

Gartner has established a five-stage model of the journey to supply chain maturity, ranging from manual, analog systems to a fully digitalized ecosystem. Key differentiators along this evolutionary chain include consideration of data and collaboration, with the ultimate goal of integrating data across multiple systems to achieve a fully connected ecosystem that provides transparency and visibility for your company both internally and externally.