Following the various upheavals over the last 18 months or so the industry is now looking ahead with confidence.
The warehousing sector is particularly buoyant due to the unstoppable growth of e-commerce, and the increase in online shopping during the pandemic is a trend that is here to stay. Retailer stockpiling and supply chain challenges mean that demand for warehousing space is at an all-time high.
Take up in the first three quarters of 2021 hit 46.9 million ft², 27% up on the same period in 2020, according to property consultancy Knight Frank.
This is good news for manufacturers of industrial vehicles such as forklift trucks and automated equipment as more of these will be needed to service the high throughput of goods being handled, stored, picked and delivered. ELOKON works closely with OEMs, supplying our safety and assistance systems to major manufacturers,who report healthy order books and sales. This in turn signals growth opportunities for us in all our international markets, as guaranteeing a safe working environment for the workforce where machines and humans work in close proximity
will continue to be paramount.
On the flip side,we see significant supply chain challenges and costs which have gone up by 20-25% for key components and materials we purchase. ELOKON is proactively managing these challenges, ensuring that we have product component availability well into 2023, as we cannot yet answer the question of when the chip crisis will come to an end.