Back to the NHL Newsfeed

Automated Storage and Retrieval System Market to Grow at a CAGR of 6.9% to reach US$ 4,151.8 Million from 2021 to 2028

Increasing Demand for Efficient Supply Chain Across industries Fuels Growth of Automated Storage and Retrieval System Market

A supply chain is one of the key sources of competitive advantage for companies that drives their businesses. Supply chain systems have gained wider and vital importance in the last few years because of high competition in the product-based market. A strong supply chain ensures a proper balance between the supply and demand for a product in the market. Thus, many industry verticals such as automotive, food & beverages, electronic & semiconductors, e-commerce, chemicals, aerospace, retail, and pharmaceuticals are ensuring a strong supply chain for reaching out to their customers.