INTRODUCTION

Good afternoon ladies and gentlemen.

Over the last 15 years or so I have had the, dubious privilege and opportunity to look deeply into the inner workings of up to a 100 warehouses all over the world – here at home in Ireland, in Britain, Europe, the Middle East, Asia and North and South America.

60 to 70 per cent of these warehouses have been in manufacturing industry –in sectors such as pharmaceuticals, medical devices, food, beverage and industrial equipment. While all warehouse facilities that support manufacturing operations have fundamentally the same processes, one of the things that has struck me most on my travels is the divergence of standards, practices and performance across these different facilities. There is a big gap between the best-in-class and the also-rans.

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The French Economist, Thomas Piketty’s best-selling book ‘Capital in the Twenty-First Century’ has attracted as much praise as it has criticism. However, whether or not you agree with Piketty’s diagnosis and remedies for inequality in society it is hard to disagree when he states that the main force for the reduction of inequality in the world is the “diffusion of knowledge and investment in training and skills”.

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The geopolitical effects of the advent of North American shale oil have been rapid and spectacular in late 2014 with the US reinforced as a global power and the likes of Russia, Venezuela, Iran and others cast onto the back foot on the global stage. In our own pockets we will have noticed the sharp drop in the cost of filling the tank at the pumps over the Christmas holidays. As the US economy powers ahead, European export companies are now faced with the opportunities presented by a lower Euro-Dollar exchange rate combined with historically low interest rates and falling energy costs.

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21st Century Warehousing: Strategy and Operation

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21st Century Warehousing: Strategy and Operation  

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