Market trend Optimising the supply chain with intralogistics
Intralogistics is an eminent segment for factories of the future and with the integration of new technologies such as machine learning, digital twin technology and block chain, it will be poised for growth.
One of the most popular definitions of intralogistics is that it is the art of optimising, automating, integrating, and managing the logistical flow of material goods with the flow of information pertaining to those goods within a fulfillment center, distribution center, or warehouse. It also applies to the logistical flow of materials within an entire supply chain.
By the definition, we understand that intralogistics comprises of different aspects put together such as materials handling and storage technology, warehousing and operational equipment, production controls, robotics, order picking systems, software for despatches and transport, information and communication technology, labelling and identification, and so on. Some of the leading companies specialising in intralogistics are Dematic Corporation, Daifuku, Honeywell Intelligrated, KNAPP, etc.
The growth of intralogistics
It is often stated that intralogistics paves the way to establish a smart supply chain. Hence, with the rise of smart factories across the globe and the need to optimise their supply chains, the demand for intralogistics has also witnessed an upward trend.
Rob Fischer, Event Director of UK’s largest intralogistics show, IMHX recently stated that the logistics sector is taking all forms of technology seriously and that automation, robotics and AI are going to have a bigger impact than ever before as warehouse operators look to optimise their intralogistics operations over the next five years.
In addition to this, in 2017, Toyota Industries Corporation developed a dedicated division for intralogistics called ‘Toyota Advanced Logistics Solutions’ (TALS). This move was undertaken to meet its e-commerce, labour cost and productivity requirements in advanced automated material handling systems design and integration, and supply chain solutions for the North American material handling market.
Moving towards the future of intralogistics
The future of intralogistics is certainly digital and with the introduction of innovative concepts like machine learning, digital twin technology and blockchain, one can further optimise their supply chains more effectively and cost-efficiently. For instance, numerous organisations are already making use of these new-age technologies in their production processes. With the assistance of intelligent networking between production and logistics, one can ensure that the information is shared internally as well as externally by processes as well as products.
Amidst this scenario, Euroexpo Messe-und Kongress will once again be hosting the intralogistics solutions and process management trade fair – LogiMAT. Expected to be held from February 19–21, 2019 in Stuttgart, Germany the show will showcase the latest innovations in the industry and also update visitors on the recent trends in the market. If you are looking for intralogistics solutions for your business, this is the place to be!