Technology driving Saudi warehousing sector
INDUSTRIAL NEWS
Saudi Arabia's warehousing industry is exhibiting healthy growth, with technological advances continuing to be a key driver, says a white paper from Colliers International, a global commercial real estate leader.
The in-depth paper on the warehousing sector in Saudi Arabia features the results of an industry specific stakeholder survey and examines the key drivers influencing the evolution of the kingdom's warehousing industry. The report combines real data with market sentiment to capture the current and future impact of Covid-19.
The rise of automation and value-added services to attain competitive differentiation is changing the way warehouses operate, leading to a dynamic future across the globe, it says.
Imad Damrah, Managing Director, Colliers International KSA: “We see organisations leveraging technology to increase productivity and space utilisation. Pre-eminent amongst these are automation by leveraging on technology in data-driven capacities, infrastructure and big data”.
The report discusses the key drivers of change in the warehousing sector which have a potential impact on all other sectors of the economy. In addition to highlighting the impact of Covid-19, the paper also captures the market land scape, demand-supply dynamics and key challenges for Riyadh, Jeddah, Dammam and Al Khobar.
The paper concludes with an outlook on the warehousing sector and how it is coping with the evolving demand drivers and with the “new normal”.
Imad adds: “Significant financial impact, both positive and negative, is expected while business operators continue to evaluate different strategies to cope with the current realities of the pandemic impact and identifying potential within the new trends”. - TradeArabia News Service
