Trenton, New Jersey, isn't the industrial powerhouse it once was, even if the slogan "Trenton Makes, the World Takes," first installed in 1935, still stands in 10-foot-tall letters across a bridge that spans the Delaware River to Pennsylvania. But a few minutes east of town, inside a warehouse belonging to Amazon, there are signs of another industrial transformation.
It's enough to scare the daylights out of retailers: $1.75tr in lost revenue due to overstocks, out-of-stocks and preventable returns. Welcome to "The Ghost Economy."
Toyota Industrial Equipment has joined with Sprint to launch T-Matics Mobile, a vehicle-management system for controlling forklifts within and between distribution facilities.
King Solutions Inc., an asset-based third-party logistics provider and freight forwarder, has broken ground on the expansion of its headquarters in Dayton, Minn.
With today's fast-paced supply chain and rising consumer demand, it has become a best practice for warehouses to prepare and stage orders prior to the truck's arrival, typically up to 24 hours in advance. While this practice may seem like an effective method of fulfilling orders in a timely and accurate manner, it doesn't take into consideration the possibility that the truck is late, or worse, doesn’t show up at all.
Warehouse personnel are adopting order fulfillment technologies, re-organization techniques, and picking optimization methods to create efficient operations to answer the growing demands of customers.