SINGAPORE, Jan 5 (Bernama-GLOBE NEWSWIRE) — CES 2022 – HERE Technologies, the leading location data and technology platform, and Yojee Limited, a cloud-based software as a service (SaaS) logistics platform that facilitates the flow of freight movements into a single ecosystem, has teamed up to create a unique operations intelligence solution to transform warehouse operations and management for global companies.
The growth of supply chains and e-commerce trends have resulted in the need for more warehouses worldwide. Experts are predicting that the number of warehouses around the world will grow by 20% between 2018 and 2025 to reach about 180,000, more than half of which will be in China, United States, Japan, India, and Germany¹ . At the same time, warehousing costs are rising, and companies are spending approximately €300 billion (USD 346 billion) a year on warehousing, with operational costs accounting for 85% of that expenditure².