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Report: Industrial racking system market to see expansion over 2019 – 2029 PMMI membership exceeds 900 RAVAS acquires LTS Scale Raymond’s Pink Pallet Jack Project donates more than $15,000 to breast cancer foundations Chemical company purchases new safety gates More Warehouse News Maximizing Warehouse Space Utilization with Vertical Storage Before you tear down walls to expand or sign a lease for an additional facility, be sure you’re maximizing the space you currently have. All Resources Urban logistic facilities are rapidly growing in importance as they facilitate convenience and faster delivery times. With the potential to slash delivery times, the development of smaller warehouses will play an important role in the battle for online market share and open up future avenues for industrial racking systems. According to a study by Persistence Market Research, the global industrial racking system market is expected to grow at a CAGR of ~7% throughout the forecast period. The industrial racking system market is assessed to twofold its value in the period of 2019-2029, riding high on the surging sales of e-commerce products and warehouse expansion. · Storage, retrieval, and product handling under industrial racking systems is an integral cost and efficiency factor, not only in traditional production and distribution facilities but increasingly also for service providers and new (e.g. internet-based) business models such as e-Commerce. Many companies will have to invest in modernizing their storage and warehouse facilities in the coming years through industrial racking systems. · Costs incurred on industrial racking systems can be reduced through further automation at facilities in order to save space and increase the availability of stored goods. · Selective racking, also known as pallet racks, finds prominence in areas where cost effectiveness, large range of stock keeping units (SKUs), and no special forklift requirements are vital concerns, such as […]