Mobile technologies have gained
popularity among warehouse owners as it helps them to perform and track
warehouse operations, reduce time consumption and manpower. Mobile technology
includes tablets, smartphones, and other handheld devices for communication and
information. These devices make use of GPS, RFID, VoIP, digital imaging and
voice technology for equipment status, performance and track warehouse
operations. These technologies also provide hands-free operations and faster
data entry.
THE BUSINESS
RESEARCH COMPANY VALUED THE GENERAL WAREHOUSING AND STORAGE
MARKET AT $300 BILLION IN 2017
North America was the largest
geographic region in the market, accounting for more than one-fourth of the
global market.
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According to The Business
Research Company’s Consultant, Nitin Gianchandani, the demand for smart barn is
increasing. These barns use internet of things (IoT) to keep account of the
product in the barn and also helps in increasing the proficiency and speed.
Devices like wearables, sensors and radio frequency identification tags are
used to detect the product. This decreases the time to distribute the product
to buyer and also increases precision.
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DHL was the largest player in the
global general warehousing and storage market, with revenues of $70.5 billion in
2016. DHL’s growth strategy aims at three aspects: Focus, Connect and Grow. The
company’s growth strategy also aims at further placing the business as The Post
for Germany and The Logistics Provider for the world.
The general warehousing and
storage market is segmented into Bonded Warehousing; Private Warehousing And
Storage; and Warehousing (Including Foreign Trade Zones).
Bonded Warehousing includes establishments operating merchandize
warehousing and storage facilities in a secured area. Goods stored in such a
secured area are usually the dutiable goods may be stored, manipulated, or
undergo manufacturing operations without payment of duty for up to five years
from the date of importation.
Private Warehousing And Storage is a storage facility that is mostly
owned by big companies or single manufacturing units. It is also known as
proprietary warehousing and can be operated as a separate division within a
company. The private warehousing can be done on on-site and off-site basis and
serves as fixed corporate investment in land, building and equipment.
Warehousing includes establishments operating merchandize
warehousing facilities including foreign trade zones.
General Warehousing and Storage
Global Market Report 2018 is a detailed report giving a unique insight into
this market. The report is priced at $4000 for an individual user. To use
across your office, the price is $6000 and $8000 if you wish to use across a
multinational company.
About The Business Research Company
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mail info@tbrc.info or
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this and many other titles.
The Business Research Company is a
market research and intelligence company, which excels in company, market and
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It has research professionals at its
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The Business Research Company's
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have delivered hundreds of research projects to the senior management of some
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