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In 2021, Third Stage Consulting Group issued an incredibly substantial report on what modern digital transformation strategy is, about top challenges experienced by transformation executives, top trends, and recommendations. They noticed digital transformation was ‘the force driving a business’. In 2022, digital transformation also remains the driver for generating business value. While for some companies it is only at the stage of the idea, some huge market players keep benefiting from it already for years. Just take a look at Amazon. In 2005, Amazon was selling books and performing at a decent operational revenue level. Today, they are bigger than any other retailer in the world. After they implemented a new and pivotal digital e-commerce strategy, the company has gained 1,934% in value and is one of the most successful companies in the world.

An automated inventory management system contributes greatly to business digitalization, leading to increased system accuracy, the tuning of real-time tracking, early problem detection, and increased efficiency. Obviously, an automated inventory system is able to grant new possibilities to your business. Either you are an e-commerce executive, small, medium, or perhaps a fortune-level supply chain business owner. You might even have deep roots in logistics. If so, that’s great news! Going digital and optimizing and streamlining your inventory management will increase bottom-line ROI. Moreover, it will free up cash flow to invest in the latest and greatest emerging tech. We can help support those efforts, but first, let’s take a look at an automated inventory management system works Inventory management software is transforming modern industry tremendously. This statement is reflected in the iGeeks Blog, which defines stock management as “one of the primary aspects” of modern business trends. Meili Robots proves this fact with a substantial 22% growth rate in the e-commerce global robotics market in 2023. A lot of digital transformation companies provide a variety of automated inventory management systems to optimize business scalability, address human error issues, save time, and, as a result, gain cost-effective company operations.

Grandviewresearch.com shares the evaluation of the global cold chain market size as $210.49 billion in 2020 and its forecasted 14.8 % CAGR as of 2028.