The fourth industrial revolution or Industry 4.0 is transforming the way storage and logistics functions are being set-up. Today, machines with artificial intelligence (A.I.) capabilities that run autonomously, learn and adapt, collect and analyse data, communicate and propose decisions, are increasingly being adopted as part of the supply chain process.In light of this, how can logistics service providers (LSPs), end-users and warehouse landlords/owners gear up their brick-and-mortar facilities to meet the demands of the digital economy?
JLL’s latest research paper “Industry 4.0: Transforming Singapore’s Warehouses” discusses the key merits and challenges of three possible options:
Option 1: Upgrade/Automate Existing Warehouses
Option 2: Relocate to an Existing Warehouse with Higher Specifications
Option 3: Tear Down and Rebuild/Greenfield Developments